Goldtent TA Paradise

RAMBUS SPX DEATH CHART

1. KenS says:

   June 2, 2022 - 10:07 pm at 10:07 pm

   My TA shows it going all the way down to the bottom of the year 2008 (around 700-ish). Yikes! The next few years should be hum dingers.

2. pedro_deleon says:

   June 3, 2022 - 9:01 am at 9:01 am

   This next move will be very informative.
   I only see both a bullish and bearish outcome medium term.
   Either a successful retest of the recent lows next (bullish, of sorts, toward FAILED retest of ATHighs)

   or

   A failed retest of lows (new lows), and then a weaker rebound move.
   The move toward 1600 spx comes only after that B wave retrace completes and we drop in C.

3. Homer says:

   June 3, 2022 - 9:11 am at 9:11 am

   Thank you, Fully!
   I share your strong sentiments.
   Way too many years of the Fed rigging stock markets, bond markets, and real estate markets higher.
   Can you imagine if the Fed got behind precious metals and mining companies for 13 years running?

4. pedro_deleon says:

   June 3, 2022 - 9:38 am at 9:38 am

   Note Red C on first chart, then the text.

   http://www.pretzelcharts.com/2022/06/spx-update-good-sir-could-you-spare-me.html

   Red C in morning, traders take warning !!! LOL.

   • KenS says:

     June 3, 2022 - 1:14 pm at 1:14 pm

     Pedro – here is a better post for the long term targets:
     http://www.pretzelcharts.com/2022/02/spx-compq-tran-as-in-december-i-remain.html?m=1

5. Kestrel says:

   June 3, 2022 - 3:41 pm at 3:41 pm

   everyone wants to short……..

   • ISarmina says:

     June 3, 2022 - 6:33 pm at 6:33 pm

     With a stock chart like the above, it’s hard not to want to be short!