Bear market rally / Bear flag SPX
SPX chart adjusted to cash availability (money stock M2) and to the last known M2 value = 18,700 BN $
This shows the exact value of SPX at each point in time if the availability of money were the same as today.
For this perspective, we can see 2 things:
Triggered rising wedge, targeting around 2,800
AB = CD fibonacci pattern (or Bear flag) with target around 2,100
The rules of the game has been changing so we should to update the levels to watch.
This shows the exact value of SPX at each point in time if the availability of money were the same as today.
For this perspective, we can see 2 things:
Triggered rising wedge, targeting around 2,800
AB = CD fibonacci pattern (or Bear flag) with target around 2,100
The rules of the game has been changing so we should to update the levels to watch.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.