SP500 decades long correction in front of us
Updated
Is it time to correct the 90-year-old cycle that started after the Great Depression in 1932? There seems to be a chance that we will face a huge and long correction, similar to the significant one from 2000 to 2009. The S&P 500 had a 12-year direct bull run (though it dropped during COVID, it was only 5 weeks of down and up) and didn't correct even with the surge from 666 to 4600.
We are almost certain that we've finished wave 3 of the biggest degree, which started from 1932, and now we need to correct the entire rise from then until the 2021 high.
In the lower analyses, I'll show a count on a smaller scale on a daily basis and where we could be now, as well as where we could be heading in the next year or two.
We are almost certain that we've finished wave 3 of the biggest degree, which started from 1932, and now we need to correct the entire rise from then until the 2021 high.
In the lower analyses, I'll show a count on a smaller scale on a daily basis and where we could be now, as well as where we could be heading in the next year or two.
Note
Or it could be ABCDE or only ABC. Anyway, the correction will be long and hard!
Likely we will not have a crash of 90% like a lot of people call, but we could be in long and boring correction and recession.
Consistency is the key of success....
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