S&P 500 IndexShort
3 buddah top
My guess is that we topped yesterday at 5190 pips.
My target of this second buddah top is 3570 pips by June 2025.
It is too early to confirm this and I need to see the neckline of this buddah pattern.
Nevertheless, the neckline is between 3570 and 3870 pips.
Once the neckline is hit a new massive rally will probably take place.
timing the market is the most dangerous and the most difficult thing when you are trading.
Looking at this pattern, I think that we are not going to see the reality until 2026. Because the slowdown is not going to be quick, it is going to be slowly, once 0.618Fib (Monthly) is taken out, Sp500 and the economy is done. We are talking around 4500 pips.
Ups and downs on the way.
But we will probably see between 2000 and 1500 pips by February 2027.
The recession will probably take us into a depression by the end of this decade.
At least is what this 3 buddah top pattern is telling me.
My target of this second buddah top is 3570 pips by June 2025.
It is too early to confirm this and I need to see the neckline of this buddah pattern.
Nevertheless, the neckline is between 3570 and 3870 pips.
Once the neckline is hit a new massive rally will probably take place.
timing the market is the most dangerous and the most difficult thing when you are trading.
Looking at this pattern, I think that we are not going to see the reality until 2026. Because the slowdown is not going to be quick, it is going to be slowly, once 0.618Fib (Monthly) is taken out, Sp500 and the economy is done. We are talking around 4500 pips.
Ups and downs on the way.
But we will probably see between 2000 and 1500 pips by February 2027.
The recession will probably take us into a depression by the end of this decade.
At least is what this 3 buddah top pattern is telling me.
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