S&P 500 2024-2025 OutlookSP:SPX is not going to crash in the Q1 or Q2 2024. I have measured that we will continue the rally atleast until the resistance zone around 5200-5800.
I used fibonacci retracement to determine the rally target and the pullback target. If we topped at 5200-5800, we will most likely drop to the support area around 3500-3200. I highlighted some area in the RSI graph, if we reached that area we most likely will have a pullback. Another case is if we still continue the rally up until 7000-8000, an economic bubble perhaps, the crash would be more deadly.
Overall i think 2024 will be good for people to make money and prepare for a major crash. Stocks & crypto will be making new all time highs, the first two quartals should be fine for us. Fourth quartal will be the most decisive because of US election, could turn very good or very bad. My advice is to also follow all the latest news about geopolitical tension, we might have a world war 3 or at least a major war that will play a very big factor on the economy in general.
Prepare.
Economiccrash
Global Markets Are Going To Collapse.It's finished. we see bullish signs but it is not enough the world is upside down and so will the markets be once they catch up to reality.
AMEX:VT
CRYPTOCAP:TOTAL
COINBASE:BTCUSD
AMEX:VTI
AMEX:SPY
OANDA:XAGUSD
OANDA:XAUUSD
TVC:USOIL
FOREXCOM:USDRUB
OANDA:USDCNH
SP:SPX
CURRENCYCOM:US100
Short the world before you lose it allThe facts of a matter.
So I received an email - "The enemy's spies who have to spy on us must be sought out, tempted with bribes, led away and comfortably housed. thus they will become converted spies and available for our services." - Sun Tzu
Revelation Chapter 13
16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.
CRYPTOCAP:TOTAL
COINBASE:BTCUSD
SP:SPX
TVC:SPX
OANDA:SPX500USD
OANDA:UK100GBP
OANDA:XAUUSD
TVC:USOIL
CURRENCYCOM:NATURALGAS
CAPITALCOM:NATURALGAS
2ND COVID 19 WAVE AROUND THE GLOBE ~ (hyperinflation crash soon)-Yurlo
Good morning to the trading community. I hope you've all had a fantastic week within your personal life but most importantly in your trading journey. We've recently seen wave 2 of covid 19 start to surface around the world. Every country around the globe has been printing $$$ to prevent inflation/hyperinflation to occur. Has this stopped the economy/stock market from crashing before? NOPE so what makes you think they can stop it again? The answer is THEY CAN'T. What we're about to witness in this world will go down as the worst crash since 1920's. What happened after the great 1920 crash? The cold war, which helped create jobs and help boost the economy which took YEARS AND YEARS to stabilize.
Are we going to see a repeat of this in the next decade?
Downtrend initiated on August 17th, 2020. Since this date we've had 4 validation touches on the trend-line which gives a trend strength.
2nd touch: September 1st
3rd touch: September 19th
What we've seen is a possible exit pump for the players that got trapped to get out or close and open a new short position before all hell breaks lose.
Get ready for hell because it's coming and there's nothing any of you can do about it.
Enjoy your weekend fella's.