S&P 500 - Price & Time AnalysisSome things to note about this particular analysis, should it hold up this week:
a) The green vertical line signifies the exact midpoint at 9/24/2020. Recall that this exact date was a major inflection point to the upside.
b) The entire ending pattern ("rally") since March 23rd, 2020 will have been exactly 53 calendar weeks; this is a fairly well-hypothesized cycle/periodicity
c) The end of the pattern would solidify the conjecture that it is a terminal impulse/ending diagonal pattern. This is significant because it implies the completion of multiple cycles of varying degrees. Moreover, it suggests a very sharp decline, with immediate targets below 3850 and 3495. Such well-defined short ideas have been few and far between over the life of the rally.
Ultimately, should this fall within the projected price/time parameters this week, then prepare for a dynamic shift in market sentiment accompanied by some of the most violent selloffs ever recorded.
-Pig
TVC:SPX
CURRENCYCOM:US500
AMEX:SPY
