Short

SPX retest pre covid highs? Me thinks so

Updated

To me, it looks like SPX is going to retest the pre-covid highs. Major stocks will fall through their current floors....cheap buying opportunities are on the horizon

Note

Update: I still think the SPX looks like a steaming hot pile of shit. My guess is 3300 in the next 2 months

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One Month later. Things look pretty much the same. I'd give the collapse another 60 ish days...could take longer but we'll see

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This chart is nearly invalidated. Insanely strong move from the SPX over the past 45 days.

Recession over? No Depression?

I'm still sitting in mostly cash. Could be sidelined for a while but no market moves in a straight line.

Let's see where this market finds support during its next correction

DigitalGreg

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