Do i have to explain ? It could happen in November or December. Any short should be close there, a bounce will occur. Will it break after a deadcat bounce ? I dont know.
This is a speculative chart at the moment because none of these patterns are complete. SPX is drawing an ascending broadening wedge and we can expect a break down. SPX is also drawing a bullish butterfly pattern (78.6% on B, 161+261% on D) at 3480. So we could expect a fall and a bounce on 3480, around the 200 days MA (nice coincidence). Secondly, a touch on 3480...
Perfect bearish butterfly around $609 Target is bottom, almost 50% drop
The current trend of yield curve (10-02) looks very similar to past pre-recession eras. We heard many times that a negative yield curve means recession. But that's not the case : recessions occur with widening spreads after touching ZERO. In the past, it was a signal of systemic recession with high probability. I added a correlation indicator to SPX. We can...
We saw in 2014-2015, when it breaks a long term line, we can expect a move with the same height from the breakout level. This theory gives me a target around 1.27
On a log scale, i can see US10 to follow a trend-line. We are on it. Most dips on US10 were stock market dips (1998, 2003, 2008). Be careful at shorting indexes if the US10 yield goes back up. PS: I tagged it "short", because if yield goes up, it's a short on T-Bonds.
We will have a dead cat bounce up to ~3200 to activate a butterfly target at 2300. Right on previous major LOW. We need AT LEAST 3200 for this to work. Then another dead cat, and a fall to 1650, to complete a shark pattern. Once we reach 1650, market could range between 1650 and 2500 for years. It's blowing my mind how the 161% extensions (golden number) are...
Death cross with SMA 100/200 As simple as that !
161% down then 161% up then 50% down, or AB=CD. I expect a 4.50% fall, on the trendline, and then bounce back to 100.
Here is all patterns i can see with current HSI structure. At 31600, there is a bearish gartley (78%). At this exact same level, there is a 5-0 pattern (161% extension) which would lead to a ~50% drop in a form of AB=CD . I tend to think, when fibs are nicely aligned (confluence) the probability is high to touch the level. HSI could rally up to 31600, falls down...
S&P500 index is showing a bullish 5-0 pattern with 2860 as key level. We should bounce here and we will probably see another new ATH
Targets are 2828, 2893 and 2972 Stop below 2766
161% reached perfectly and failed ... Target is 50% retracement and then 100%
Look how it reached the 161% perfectly. And now it's failing on it. The target is at least 50% of CD
BTC is drawing a bullish 5-0 pattern Any fall below 4500 will be an opportunity to buy the dip