CAN THE MARKET SURVIVE AN 80% CRASH, WHAT ABOUT ONLY 40%?
Updated
So, for anyone who likes to watch certain movements.
A big one is about to occur.
A rejection from this break is the covid drop. about 30% and some.
However, the end of the cycle, if you believe in those kind of things, would be a 100% retrace of the impulse with a little extra on the downside, which closes all gaps, I believe.
That takes us down below 200.
It would have to be quick.
Next cycle then starts and pulls us up to $600.
I tried to mark it in orange.
This chart isn't an idea as in (I REALLY THINK WE'RE DROPPING 80% in less than 1 year).
This is more to show that trend break from the past and the trend break showing.
518 to 530. CAREFUL ZONE!!!
Market is showing a lot of crazy movements and numbers. I think something has to be "up" such as China and Taiwan considering what we're seeing with semiconductors.
A big one is about to occur.
A rejection from this break is the covid drop. about 30% and some.
However, the end of the cycle, if you believe in those kind of things, would be a 100% retrace of the impulse with a little extra on the downside, which closes all gaps, I believe.
That takes us down below 200.
It would have to be quick.
Next cycle then starts and pulls us up to $600.
I tried to mark it in orange.
This chart isn't an idea as in (I REALLY THINK WE'RE DROPPING 80% in less than 1 year).
This is more to show that trend break from the past and the trend break showing.
518 to 530. CAREFUL ZONE!!!
Market is showing a lot of crazy movements and numbers. I think something has to be "up" such as China and Taiwan considering what we're seeing with semiconductors.
Comment
I'm wondering if the SPY monster is going to wake up in this zone.Comment
I still support this idea, kind of. I'm watching this one more as a fan with a foam finger and a beer. I think it can get low, but I have no idea of when, how low, and how long.
Call me crazy, but I still see spy projecting bullish long term.
380? I mean, when you put it into perspective, at the worst day during the 2020 pandemic, if I told you SPY will be at 380 in 4 years, most would be thrilled. It's currently about to test $600.
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