Loading ...S&P Analog
In the scenario where all the fintwit experts happen to be wrong, I found this analog pretty interesting. This would also coincide with the summer/election time frame of 2020.
Bo Polny did say we are about to experience the worst bear market in human history so fintwit experts have that to hang there hats on. Maybe this time the whole crowd is right.
I’m looking for a parabolic rally to all time new highs this year followed by the mother of all crashes, with a recession starting next year, well before election time, so Trump cannot win and a Democrat is most likely to replace him. Remember Hoover?
I have wondered the same thing about the single term. We get another hoover when Kanye,The Rock, or some other celebrity win. lol Not impossible anymore.
IMO that is exactly where we are and just like Sep 1998 was a 4 year low I expect Dec 2018 to be a 4 year low.
A left translated monthly cycle should follow with SPX peaking mid 2020
Mid cycle slowdown rarely start with a correction – Mr Market is much more insidious than that!
Hi Schism,
I agree. I sold on the drop. On some of my charts there is just a tiny bit of unfinished down movement. I’ve been expecting double bottoms also with slightly lower lows like you show.
I’m anxious to get back in with some 2x’ers again.
Thanks for charts!