S&P 500 (future model)?
A warning, this is a big possibility!
BTW the red target 5152 is taking from the btc chart.that one is crossed.
On the M-chart we have a bearish divergence!
So like we had on the top of jan 2018 and the top from sept 2018.
Also from the top of sept 2018 and jan 2020, we can see a bearish divergence (blue and red arrow), you could also see what happened next.
So now the question is this a big warning and will this be just a pull back or the beginning of a bear market?
My idea is IF we cross the last ATH at 4824 (dotted red line) and we cross the uptrend channel at the bottom around 4525 (black lines), than and only than the bear market will be in (IMO).
IF not we will get a wave 5 up and that one will go to 5515 (IMO).
That target is taking from the FIBonacci on the coronalow and the fib 61.8° pullback.
Why pullback? People are speaking about a bear market in 2022 but it wasn't, that was just a pullback in the still lasting bull market.
IF we're going down there are 3 potential buy zones.
We have to see IF and HOW spx is going down.
I still believe in blue point 2 and even 3 (buying zones)
Buy zone 1 will be the double bottom + fib 61.8° and good bounce will be there.
Everybody will becoming a bull again, because that was the bottom and after a shake out and fool the bulls again for the next and final bottom at 2 or maybe 3 (the coronalow)
YES i was wrong in the past and now again but just take this in consideration!!!
also keep in mind this is a Monthly chart, it will take time
BTW the red target 5152 is taking from the btc chart.that one is crossed.
On the M-chart we have a bearish divergence!
So like we had on the top of jan 2018 and the top from sept 2018.
Also from the top of sept 2018 and jan 2020, we can see a bearish divergence (blue and red arrow), you could also see what happened next.
So now the question is this a big warning and will this be just a pull back or the beginning of a bear market?
My idea is IF we cross the last ATH at 4824 (dotted red line) and we cross the uptrend channel at the bottom around 4525 (black lines), than and only than the bear market will be in (IMO).
IF not we will get a wave 5 up and that one will go to 5515 (IMO).
That target is taking from the FIBonacci on the coronalow and the fib 61.8° pullback.
Why pullback? People are speaking about a bear market in 2022 but it wasn't, that was just a pullback in the still lasting bull market.
IF we're going down there are 3 potential buy zones.
We have to see IF and HOW spx is going down.
I still believe in blue point 2 and even 3 (buying zones)
Buy zone 1 will be the double bottom + fib 61.8° and good bounce will be there.
Everybody will becoming a bull again, because that was the bottom and after a shake out and fool the bulls again for the next and final bottom at 2 or maybe 3 (the coronalow)
YES i was wrong in the past and now again but just take this in consideration!!!
also keep in mind this is a Monthly chart, it will take time
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