This is an SPX chart from 1872. A 150 year old chart.
As you know, I am the Elliott Wave Jedi. So, I took the liberty of labeling this SPX500 chart.
There's only one thing I can say:
"SNP500 is preparing for a BIG Drop, a Market Crash".
My Wave Count suggests that a major Bearish Swing is starting, or will start soon. The 2009 lows are inevitable. Price Action will be drawn there like a magnet.
A Recession is due and bigger events will crash the markets globally. * Some more details in the related ideas.
Fundamental Analysis & Facts:
* Fear vs Greed: VIX (Volatility Index) It will spike!
* US Consumer Confidence Index: USCCI People are worried about the future.
* US Inflation Rate: USIRYY War is coming.
* US 10y Yields: TNX The 40y Downtrend Break-Out
* US 10y Bonds: USB10YUSD Bonds Rush, Investors & Fear
Technical Analysis: Elliott Wave Cycles
The Wave Count tells me that a Major Degree is ending, in this case it's the SubMillenium Wave 3. If you are good at counting waves, then you can see that as well.
The Elliott Wave Time Degrees are on the chart.
Levels I am watching: $4500 & $6500.
IMO, SPX has already started the Recession Bearish Swing, so I am already treating the ATH as the actual top. In case of another ATH, then this will mean that the current position was a SuperCycle (IV). After the last 5th, SPX will surely drop, from around $6500 back to $1100.
However, as I said: "I believe the Markets have topped, and that the Recession has started".
Check out a close-up: 2009-2022 Elliott Wave Count.
I am shorting the Markets.
Good luck guys and many pips ahead!
Richard, the Wave jedi.
P.S. Props to TradingView for providing this 150y old chart.
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SPX preparing the drop.
I hope it's like '87.
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VIX ready for the spike.
トレード稼働中
All is ready for the SPX Crash.
VIX is gonna' jump for the FEAR Sentiment.
Shorters getting ready.
トレード稼働中
MARKET CRASH SHORTS ADDED
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SHORTING AGAIN
トレード稼働中
SPX MARKET CRASH OFFICIALLY STARTED!
More details on my Weekly Chart & SHORT TRADE:
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Turns out I was wrong about SPX.
It still has Wave 5 of 3 to complete.
Bull Run almost over, after which SNP500 will provide something BIG down.
SPX Weekly is stretching Wave 5.
ON the Daily, we're doing a Fractal, which I'm tracking.