S&P 500 IndexShort
Biggest Recession of All Time $SPX500USD
I am predicting a Massive Selloff on the Standard and Poors.
I have placed a Bearish Cypher Pattern on the 6H Chart Timeframe.
I would expect a rebound to somewhere between 5400-5500 before the full gravity of the situation reveals itself.
4600 Reveals itself as a Major Support level on HTF.
Pray to whichever God is Thine own.
Enjoy the Recession!
Mr. Storm
I have placed a Bearish Cypher Pattern on the 6H Chart Timeframe.
I would expect a rebound to somewhere between 5400-5500 before the full gravity of the situation reveals itself.
4600 Reveals itself as a Major Support level on HTF.
Pray to whichever God is Thine own.
Enjoy the Recession!
Mr. Storm
Note
This gives a Visual Display of the
SPY ETF throughout EoY
Good Luck Jedi.
Note
At this point, we are curious at to which direction we go. These are some of my thoughts on the matter from a Technical View. My view remains the same as in the Post, unless we breakout here. I would think we could head in the direction of that Neckline for a test confirm of the area.
[DISCLAIMER]
The Title of this Post: that this is "going to be the biggest recession of all time" is highly unlikely to be accurate. It would take extraordinary circumstances to create a situation bigger than 1929-1933. I apologize for my overzealousness. We shall how it ends up as time elapses.
Enjoy!
Mr. Storm
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