SP500 James Cameron in a Trench Pattern Developing I mean, clear as day. I won't say there is potential to see a 40% crash in less than 3 months of time, but there is potential to see a long term target of 3300 and then going even lower 2500.
There is a crossing of two MAJOR trends about to occur. Both of these trends project the top being somewhere in that 4800 range. The scary part is the way trends stack up near FEB/March. IF price action followed along some of these trends, and we did indeed see a top around 4800, with a break in our strongest trend support line, then we could potentially see a rare, but possible movement where exit points along both of these trends line up in a way where each trend will signal a massive sell around the same point. Because these trends are so extremely strong. We could see a big drop all the way down to 3300, 2500, and then potentially all the way down to 1490 before we start to really climb again.
So for better news, in the short term, there is a likely scenario where a short term down trend takes us right to the massive support trend, and that also lines up with support lines. This price is like 4210. This is the movement that will likely bring us up to 4800, which is where things start to get scary if price can't find some stability over 5000.
