SPX Final move
I think there's a good chance fat cats will push or at least spike in the area of 4360 in a last short squeeze and a deep desire to show some "not so nasty returns" to wealthy clients. I believe after that will be the beginning of the final move down spiking around 3290. That number is big intersection point of a lot of trends and support. It's also the going back to the first leg down of the Covid crash. On the macro aspect, a lot of bad stuff is converging towards a nasty start Q1 and Q2 of 2023. I think Putin will most likely play a final move to push the world leaders on the edge of WW3 early January in the winter peak. Simultaneously, occidentals corporate and personal credit will run into a wall as liquidity is coming out of the system and earnings coming down mixed with unemployment rise. On the positive side, it will be quick in the grand scheme of time. The 21st century world runs way too fast to be stuck in the same hole for too long. The conclusion is simple. FEDS want to reset the world to where the economy was in 2019 so people get back to work basically fixing their own mistakes. That’s my take on it. In many way, it’s wrong but this has to be done.
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