Loading ...SPX Monthly Warnings
Once this parabola turns or breaks here target is 2009 bottom.
There are many says out there “no one saw this coming” Well there have not been here on this site. There were many many warnings here. Including this chart Bearish divergence Extreme RSI wedge…
Nov 2019 post. Thanks to Fully the only comment???
Let me be the first to comment again.
Great Chart..great call Sir Bikoo. !
Comments tend to be sparse on anything but Gold Posts here at the tent !
LOL!!!!!Thanks.
Fair play.
I’ve stopped frequenting this forum because it’s nearly always bullish gold and the miners, which is not my perspective.
Strongly disagree with your downside target though.
2200 – 1800 IMHO then “rip your face off” rally to the upside.
Nearly Always Bullish Gold and the Miners ?
What ?
Have you met Fullgoldcrown ?
sheesh
The shoe fits.
I think the December 2018 price will act as a magnet for a double bottom.
Not sure yet how this plays out.
But normally, on a sharp pierce down through the (SPX, SPY) 20mo MA (centerline) like we’ve had, you hit support at the rising bolly band (monthly). About where we are now. Large dead cat (we’re saved!) bounce back to or thru 20mo MA, which by now has flattened.
Only THEN do we get the REAL crash.
it could hold, dead cat rally, retest the bottom of the parabolic line (late april?) and off to the races (higher) into the election. 2021, repo market and banking crisis then punches down through to new lows … is another option.