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Binary_Forecasting_Service
Jun 21, 2021 7:13 AM

MQP GBC#40 S&P500 HEADING UNDER 4000 IN LATE JUNE Short

CME_MINI:ES1!54
E-mini S&P 500 FuturesCME

Description

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AND EVEN MORE IN JULY, BUT THAT'S FOR LATER


Notes:

1. GBC means GOLD BASE CASE (because gold prices is the foundation)
2. review previous SP500 (GENERIC) forecast at:


3. if it gets around 4175 next, sell it hard
4. first target after that is box 2 4100
5. followed by TURN-AROUND TUESDAY
6. BOX 4 NOT OPTIONAL, JUST A MATTER OF WHEN
7. BOX 5 TENTATIVE, zoom out for the JULY FINISH
Trend AnalysisWave AnalysisBeyond Technical AnalysismqpPRSS&P 500 E-Mini FuturesS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) us500SPX (S&P 500 Index)XAUUSDGC1! (Gold Futures)
Comments
kaimar
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Why it did not played out?
Binary_Forecasting_Service
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@kaimar, I honestly dont get into spx a lot. But I answered this the other day, that after running regressions for spx back to 1920s, I stated that spx was going to 4700 or 4800 or 5xxx before another 12% pull back.
kaimar
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@MQP, thank You for a reply! But what do you think, does gold and silver possible spike up price action should be in relation with down trend / crash in stock market or you don’t look these in relation with each orher or you don’t see direct correlation here? Anyway interesting to experience how all this plays out eventually.
Binary_Forecasting_Service
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@kaimar, Over the VERY long term, both gold and stocks go the same direction. In liquidity events, they ALSO go the same direction. Generally speaking, when gold has massive spkes, stocks also do well.
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