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S&P 500 Index

SPX - BULL TRAP

By mattgetsbarreled
Updated
bull trap on S&P500

not financial advice.

I will look for shorts in the box there in a month or two.
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This should not be seen as the only scenario nor taken as financial advice. I doubt we slice right through the 200 week moving average again now that the FED is providing liquidity and we could get a decent bounce off of it back to all time highs, and perhaps to my targets of 4,500. lots of things are not looking right on the chart for this to be a bear market, Gann theory says 2024 for the bear market. But currently this situation seems rather likely only because the world came to a halt for the last several months, which is insane. With enough subsidies and liquidity the world can grind back to a start and I believe we can dodge this crash until 2024, with stocks getting absolutely retarded in their valuations over the next 4 years. If this happens the crash should be insane and I will long the absolute fuck out of the Vix in 2024.
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mattgetsbarreled
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