Curved cone of diminishing returns. If it falls below, it will act as resistance and long-term deflation.
Looking at the harmonics, Ethereum could go to $3450 then back up to $5150 in the next couple of days. There's also a huge volume gap below $4000.
Just a theory. Not sure what will happen. It will either correct very slowly over a course of several years or a sudden drop to 1700 like what happened in early 2020.
Either it will melt-up and follow the trend line in the short-term or it will drop around 30% or more to $112 where the 200 HMA will be support. There is risk of it trending downward to $125, $112, or $107 support lines if it closes below the black support line next week.
Strong resistance at $50. Seems parabolic, but needs to break it before moving higher.
In the short-term, gold will bounce up and down up in the $1800-$2000 range. In 12/2021 this will start the trend down to bounce off of the resistance line at around $1500 by 2025.
SPX top off at 4000 at around the end of 2021, then a 50% fall to 2000 by 2023. Another bull market from 2000 to 3000 from 2023 to 2029 and then another 50% recessionary fall to 1500 by 2032.
I predict DXY to go down to 2008 support level of around $72 in 2028-2029 and rebound back to $120 in 2039-2040, forming a long-term "W" pattern. In the short-term, I predict it to up until it hits resistance at $100 and then continue to make lower highs and lower lows until 2028-2029.
Projection of the election outcomes.
A little projection chart that I made of the S&P 500. The election will have a great influence in November.
The S&P 500 is in a long-term bearish trend with it currently being in a bear rally. There is a possibility to break the trend if Trump is re-elected. If Biden wins, then we continue the bearish trend.