S&P 500 IndexShort
SP500 Recession signal P2
Following my previous post, we are getting very close to the final drop, which I believe will be much bigger than people anticipate. Here is the chart for the dot com crash and the 2008 financial crisis, each event has began with a small price increase and then a drop. This event then happened twice more on a larger scale, with the final, aggressive pump resulting in a large crash. We are finally starting to see the final recovery phase, with two strong green weekly candles. I first thought that the crash would happen early 2023, but now I think it could be a lot sooner. Or we could see many more green candles forming which will then result in a larger crash.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.