S&P500 Going down another 40% - Market Bottom in May 2023In conjunction with my previous Dow Jones analysis (Link to it down below), we foresee another 40% drop in S&P500 until mid-2023.
The analysis done on these charts is based on old repeated market cycles that were last seen during the market crash of 2008.
As you can see clearly on the charts, the market has been playing the exact scenario of 2008, since March of 2022!
It's fascinating how similar markets are working their way, and people don't seem to notice at all...
There is a verse of the bible that W.D.Gann used a lot in his books which says: "What has been will be again, what has been done will be done again; there is nothing new under the sun." Always keep this in mind when you are reading the market.
Crashcycle
Apple Inc. Price target: $70.00/share
As part of my inverse big tech ETF...
Apple is another SHORT position going into this economic slowdown. Projecting $AAPL to decline about -60% to the 200-D MA, the .618 fib, and the pre-pandemic level.
1) Cause: Operating margin are coming down. Effect: Apple cutting costs (Bearish setup)
2) Market cap still holding on which is why $AAPL hasn't crashed yet.
3) Downward EPS revisions
US30 - Recession Outlook - Con'tI adjusted wave 6 on the current chart to the current downside move.
Haven't been looking at US30 for awhile, but been focusing more on the S&P chart. Either way, the pattern is the same.
Market is playing out, kind of as forecasted based on charts published months back.
Are we there yet?
At wave 5, the market was going "are we there yet?" Then the market shown that it is still strong. We had a bear rally where retail traders/investors continued to buy into. The buying-the-dip movement was still still going strong strong too, and the economy was declining but still not as bad as it seemed to be. There was still some optimism in the market. But all of that was perhaps short sellers taking profit at a key level where price broke a fairly strong resistance. The rebound above strong resistance on 1W above 31,450.
Damn, this shit is real
Now wave 6, it looks to me as the "oh shit, things are not actually getting better" phase. We continued the downtrend, posting a 2nd negative month consecutive bearish candle with a top wick that didn't break above previous candle body, a huge bearish body and very small lower wick.
Are we going up?
Looking at the 2008 crash pattern, we do see some ranging before the final drop, then recovery. It looks to me like a "we going up?" phase. Then price dips further to a "value price point", and market pivots, it will then be time to buy on a higher low, close back within the previous ranging price points.
Just on charts, probably looking to see how markets react around 26,600, if the market finds a bottom. But I'm also expecting this time to be different as we had so much money printing. We're in an environment where we are rising interest rates to try to combat inflation, yet faced with a recessionary outlook. Also, with a pandemic which just passed, geopolitical events, war. Truly uncertain times.
Cryptos and bitcoin are crashing 69K was the high back in 2021 that was awesome. But the crash is coming.
The big crash is coming and major crash.. the Feds are still going aggressive to fight off the inflation… soooooooo what’s next?
When to buy: I suggest buy at 12K or around 10K possible we will see lower than that because 12-9500 area has stronger support and floors.. also please stop saying 17600 or 18K is a the bottom please don’t.
The sellers are going under pressure from the economic reset so on the 13th of October should expect the inflation to drop if not will go higher and everything will crash a lot further.. US economy is still slowing down.
When is the Feds pivot?: Feds pivot is a choice when the Feds will save the market or not we should expect it around the 2nd of November also December 12th.
We are still in a bear market the huge crash everything broke the June lows and especially S&P500,NAS100 and US30 broke the June lows as well, we aren’t going to recovery if the Feds pivot happens. Please becareful and don’t trust the short buys because it will drop even lower.
Like , comment I appreciate the support and reputation as you all know I’m only 21 years old I had 2 years experience of these. Enjoy your day and happy crashing.
Could the NASDAQ sell-off hit 9000?What a year this has been on the Indices! The NASDAQ has plunged so massively that the crash has dwarfed the 2020 Covid-19 and even the 2008 global resession crash.
Technically, this looks like it could continue its southward move as all indicators point downward. The Bollinger Bands have expanded as expected on the Monthly chart and frankly, the next real support level looks to be 11,000, and by extension 9000.
On the Daily, there's a Supply level at 13000/ 13250 which could serve as a good entry to short towards 9000
Gold Momo is On!*** Not Financial Advice ***
Gold has moved precipitously from our original entry point, and is giving a momentum entry area where we currently sit. Worst case scenario can be a breath back on a higher timeframe to 1780. But that would be a good thing as it will allow us to get in at a higher price to ride it down to 1600. The reaction we get at the next liquidity line will be very telling.
Remember, everything sells off in a market crash, especially gold.
*** Not Financial Advice ***
Big crash for Bitcoin coming Mid 17K support isn’t strong enough for the bullish rally.. should expect biggest drop of all time during recession are pushing a lot further; if you are in a buy still please secure your profits immediately
Strongest buy support zone expecting around 11-10k
Somewhere around 6000 is possibly.
AAPL redistribution before next leg lowerHey everybody,
I've been noticing that the patterns leading up to the fakeout rallies in March have been repeating themselves in numerous market-moving names- namely NVDA, MSFT, and AMZN. I think there's a strong possibility that AAPL goes to test new lows in the next two weeks, only to be met with tremendous buying pressure that will subsequently lead to a fakeout rally that could take it to around $150/share before the next leg lower(redistribution). I think this could push AAPL to the low 100's and possibly double digits by the end of Summer. I am expecting to play this both ways- I will buy any 52-week low made on AAPL in anticipation of a large countertrend rally, and I will subsequently sell the rip and possibly short it in anticipation of the next leg lower. Mind you AAPL is still very high up relative to some other names.
Disclaimer: I do believe we're at the end of a market cycle(a crash) and are simply redistributing before the next leg lower which should begin sometime around late July or early August.
Possible short setup XLBHey y'all,
On XLB, there is little to suggest that we aren't going to have a counter-trend rally in July. That being said, there are even fewer things suggesting that said rally would not be faded, though predicting where exactly the rally will be faded is an incredibly difficult task. If it somehow manages to push its way up to $82/share, I think it would be an incredible short, though I think it may only make it to around $80. Good luck with your trading!
Nasdaq end of market cycle(crash)Hey guys, it's been 14 years since the last true end of market cycle crash(though I could argue 2016 was a crash of sorts). Taking a look at the previous 2 market cycles leading up to the 2000 and 2008 crashes, you can see the logarithmic trendline highlighting the euphoria phase of the stock market prior to the subsequent crashes. All in all, there is little to suggest that this breakdown of the log trendline that marks significant moments in the market will not lead to a stock market crash as it did in 2000 or 2008, especially considering inflation, high valuations, excessive margin, speculation(even though the speculative growth bubble is largely popped), and the simple fact that the Nasdaq has been up 13 consecutive years. Though many sectors are beaten down, I expect future legs down to be more violent as more and more sectors enter downtrends that previously weren't(namely agriculture) that will plummet the indices with them. In the immediate term, I expect there to be whipsaws both to the downside and upside, but I expect the resolution to be significantly lower by the end of summer.
EGLD / USDT hello guys this is my idea about EGLD /USDT
I thing that sellers from this area will be defend this short position..
and when the price come back to this area, strong sellers will be push down the market again...
Downtrend + previous support become resistance + Strong volume area is my mainly reason for this short trade....
Thanks
Rebeng
6/10/2022 Look Out Below! Market Selloff Imminent ***This does not constitute financial advice of any kind as I am not licensed for such opinions***
The markets selloff on a shocking CPI print, but this is to be expected. The real shock comes when you realize how far we have to fall. S&P, DXY, and Gold are covered.
The crypto markets may have their underbelly exposed to sunlight as an ominous development is set to take place next Tuesday June 15, 2022 (BTC, ETH, XRP, XLM, ADA, ALGO, SOL).
An error was made during the creation of this video where I quote an article from 2021. The Reverse Repo market has run miles away from when that article was published. But on the heels of the liquidity crisis theme, look on ZeroHedge for "Fed Liquidity Drain is Coming" on March 30, 2022
***This does not constitute financial advice of any kind as I am not licensed for such opinions***
My last chart of BitcoinTrying to make more clearer picture for people to wake up and see the situation from the other side. The psychology of people is the best indicator for markets like crypto. "Culture" of crypto, hype, FOMO for all crypto communities will slowly die because fame doesn't hold long at the top. BTFD worked for some time because every time at some point it will go up, yes? HODL because it will go up and you will still double your money? The job was done and they got a lot of retailers at the top. Yes, at the top. 50k BTC isn't cheap, 40k isn't cheap, 30k isn't cheap. Everybody buys because of FOMO. Cheap is when nobody wants it.
On 3 January 2009 Bitcoin was created, 13 year anniversary going to be. Bitcoin is still young. The 13 number is the worst number in the stock market and I expect to be in crypto. The cycle has to end at some point before it starts the new one.
The stock market 13 year cycles:
2020 - 2007 = 13
2000 - 1987 = 13
1987 - 1974 = 13
Other stock market corrections and crashes which I didn't mention in this, lead to other cycles.
Chart: BTC touched second time in this year Weekly 50MA and every time this happens it leads to 55-70% correction and every time touches Weekly 200MA it leads to another bull market but not going to happen this time I believe.
RSI is exactly at the same level as before other corrections started.
If you are only aware of seeing Bitcoin 100k, you don't need to worry about this post, please keep yourself the nonsense comments.
It's only my view and opinion
GOOD LUCK
S&P 500 ( BEST Buying Area ) LONGSince we are facing a supposed Crisis, we are going to try to analyze which zones can be the best buying zones for the S&P500 and be prepared to be able to buy Shares, participations in the S&P500, etc. when the time comes.
We can see that by technical analysis, we are in an uptrend for years. The Fundamental supports are:
- 3194 : Represents the 61% Fibo of the last impulse from COVID19 + Bottom of the Channel.
- Between 2508 and 2185 : ( Zone ) Institutional Support + 61% Fibo of ALL the impulse since 2009.
- 1863 : Last Zone of Institutional Support.
- In case of a break of 1863 the next zone would be between 800 and 700 ( it would be an extreme Chaos )
All these scenarios are possible, although each point mentioned above is less likely one than the other to happen, but you always have to have a broad view of the market.
- The first buy signal to watch for is the monthly RSI. When it reaches the Low levels and we observe a Reversal in the indicator, it has always been the best buying point.
- The next buy signal to watch for are the above mentioned points. The price must converge at the same time in the zones mentioned above. We do not know exactly what point the price will reach, but we do know where we should look.
Once the two scenarios happen, we can prepare to BUY a good amount of Stocks or the S&P500 itself.
These are scenarios that happen very few times in life, we must take advantage of them. In 50 years as we can see we have had 3 equal opportunities that we can live again, from the first opportunity we had 28 years passed until we could have a new similar purchase signal, then 7 years passed until the next signal, and this time ? we are still waiting, 13 years have passed since the last opportunity, but it seems that we are closer to a new golden opportunity ... . Therefore, it is essential to have sufficient liquidity.
Good luck
Dow Jones Industrial (Fibonacci Analysis - DJI)Base Case:
Given the current macro risks to global markets, I anticipate markets enter the late cycle starting from Mid-to-Late July lasting until Q1 2023 for the oncoming bear market.
Idea:
(Long)
Entry Price: $30,000.00
Entry Date: Late July 22'
Price Target: $36,500.00
Date Target: Jan. 23'
(Short)
Entry Price: $36,500.00
Entry Date: Jan. 23' - Mar. 23'
Price Target: $2,600.00
Date Target: Q1 - Q2 24'
ETH PLAYED OUT TO LEVELS SHOWN BACK IN 2021ETH under 3k, pattern played out perfectly.
ETH under $2150 is this the catalyst to The Great Depression 2?
I don't know.
But if we get 1 more week down in stocks next week the 1929 CRASH will begin straight after.
The world is not prepared for this scenario, but it is needed for the great reset.
If it plays out we will only see the real after affects starting in 6 months with jobs, GDP, mass shortages, people losing everything.
NFA, stay safe.