Where is the bottom for the S&P 500 Index (SPX)? Where is the bottom for Nasdaq (NDX), the Dow Jones (DJI), Bitcoin (BTC) and the rest of the TOP Altcoins?
How far low can it really go before this bear run is over?
We will get to the bottom in a minute but first, let's look at a few out of the 25 trade ideas we shared since January 2022 predicting the SPX market crash.
We started in mid-January when we spotted a clear TOP Pattern formation, prices had already broken below EMA10 weekly so the bears were already ahead...
(Jan. 19) S&P 500 Index Bearish Potential
Looking again closer on the 23 of January, we saw and mentioned that the SPX just moved below MA200 and the correction was just getting started... Lower prices ahead:
(Jan. 23) S&P 500 Index Correction Just Getting Started
After these signals, we wanted additional "proofs" of the upcoming crash to share with you.
We know that if we share the right information, you would have enough time to prepare before the massive correction.
So we went to look at the MACD and RSI for the SPX long-term. We had strong bearish divergences showing... It was clear by January what was going to happen next! (Jan. 24)
But, where is the bottom? We had our first look at the potential bottom 26-January... According to the chart below, there is still a long way to go.
The full correction can be anything around 50-60% from the top... See details below:
(Jan. 26)
The long-term monthly timeframe confirmed everything we saw before... (Jan. 28)
Then I share ten additional trade ideas in February, expanding on the signals, the support levels, etc. Multiple updates:
These are just a few... Let's continue with March.
In early March... Will the Fed raise interest rate? This isn't really what defines if the economy will grow or shrink, it is actually "forward guidance"...
Anyways, prices closed weekly below EMA50 and the bears continue to gain momentum every day.
(Mar. 1)
In mid-March we had the "Bear run" trade idea, I published this also for BTC, ETH, DOP, LUNA, SOL, ADA, BNB... They all hit. These will be share in a different article.
(Mar. 13)
We shared many trade ideas predicting the SPX crash also in April, including a comparison with BTC and also RENKO:
(Apr. 12)
SPX Renko Chart (Apr. 14)
How far down can it go?
Share in the comments section your analysis, your chart, your guess, your call... I will share mine in a comment update below.
Thank you for reading.
I hope you enjoyed the content thorought the months.
Just as I shared the bearish wave, we will also enjoy the bullish wave as prices go up.
The markets move in cycles... Up and down! Up and down! Up and down!
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