Ok we are nearing the top floor of this trip
Our trip down will be a little more "hurried" than our trip up
Buckle Up!
P.S. if you don't like to ride the elevator down then there is another one about to head up over on TLT :)
Our trip down will be a little more "hurried" than our trip up
Buckle Up!
P.S. if you don't like to ride the elevator down then there is another one about to head up over on TLT :)
Note
Ok looks like we were wrong...for now
The market decided to change its mind on crashing right now and instead head to new all time highs
A pullback is imminent so looking for the Fed news this week to provide a catalyst for that move lower
How that move takes shape will decide the rest of 2024 and beyond
With that said even if we get new ATHs the ultimate fate of the market is the same...a depression level environment that sees the S&P500 at sub-2000 levels.
Note
Looking for an extremely imminent pullback in the S&PIdeally 1st support will hold and then we head higher to new ATHs
Ultimately the 2nd support needs to hold if we want to see those new ATHs
Any sustained break of the 2nd support opens the door to much larger sustained downside risk
BUT REMEMBER: Even if we get new ATHs the destination over the next 5-8 years is SUB 2000 with expected levels reaching as low as 666-1500 spx
Note
Highly suggest you take note of the Targeted Topping ZoneMarket structure is suggesting that we may not get too far above that zone on this move.
In fact we may not break that zone at all
Essentially we are saying if you look at what we have been predicting with the broad markets price may not touch this zone again for a decade
Trying to sound the alarm here
We sincerely hope this analysis is wrong because we are not sure the vast majority of people understand the true nature of what we are facing in this country and throughout the world
Please Please Please get prepared
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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.
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.