SPX: The resemblance is astonishing!
Updated
This could mean nothing but just two graphs that are identical so far without any future relevance whatsoever. The risk of a 45% drop is low considering our labor market but we never know what kind of news is waiting to come out to trigger such an horrific event. But if this graph says anything about the future, next couple of weeks we are going to see the last rally to 430-440 range before capitulation down 45%. I know that sounds very unrealistic and there is no way anyone could predict such a huge crash. But knowing how TA works as a self-fulfilling prophecy, and recent bearish sentiment which is comparable to 2008, I suggest everyone hedge their portfolios and be prepared just in case. You'll never regret playing this game safe.
Note
I call this the last bounce:
Market Maven: Never Miss a Move.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
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