S&P 500 Market Cycle Analysis/Prediction
Though COVID-19 market crash is not a conventional crash, the market bubble that proceeded it was. I took a swag at overlaying the conventional market cycles on the current S&P 500. Obvious I am guessing at time frames and directions, but I based it on basic fundamentals. A cure for COVID-19 or some other significant market mover (Fed stimulus) can't be known and could radically alter the market. Until then, I prefer to use core market fundamentals and trends to trade. I am in the camp that the market is at its peak (end of Mark-Up Phase), which is based on DJI, SPX, and NDX all hitting their major resistance levels and pulling back.
This is my plan for now and I am sure it will evolve as more data comes in. I am very much in the camp of: "In preparing for battle I have always found that plans are useless, but planning is indispensable." Dwight D. Eisenhower
Hope it is helpful.
This is my plan for now and I am sure it will evolve as more data comes in. I am very much in the camp of: "In preparing for battle I have always found that plans are useless, but planning is indispensable." Dwight D. Eisenhower
Hope it is helpful.
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