SPX is now dangerously close to what I'd consider a strong confirmed break. We've broken the supports, made a retracement bull trap and now we're back down to supports. These supports still could hold, but if they break, I think it's going to be important.
I also do not think these supports will break with small candles. I think it will be required to see big candles on the big timeframes to break the levels we've closed at now.
Since we're talking about a move that would be a market crash, this would have to be a big news event. There have been strong "Shock" news events in this section of all the crashes. After the 161 is broken the dynamic of the market obviously changes.
If this breaks, and the news comes along mysteriously on the big levels, I think there'll be no more debate as to whether or not we'll see a market crash in 2022. It will have happened.
I have no guesses what-so-ever on what the news will be. But I want to strongly state all the TA research I have done strongly imply some news I could not predict will come - and form the predictable price move.
I also do not think these supports will break with small candles. I think it will be required to see big candles on the big timeframes to break the levels we've closed at now.
Since we're talking about a move that would be a market crash, this would have to be a big news event. There have been strong "Shock" news events in this section of all the crashes. After the 161 is broken the dynamic of the market obviously changes.
If this breaks, and the news comes along mysteriously on the big levels, I think there'll be no more debate as to whether or not we'll see a market crash in 2022. It will have happened.
I have no guesses what-so-ever on what the news will be. But I want to strongly state all the TA research I have done strongly imply some news I could not predict will come - and form the predictable price move.