S&P 500 Macro Outlook (2022-2024 Forecasted Targets/Tops/Bottom)
3950-4K micro-target followed by the melt-up rally.
Linear top: 5325
Log top: (Separate post): 6000
Extension linear top: 6500
60-80% Bear Market follows;
Target 1: 2150
Target 2: 1555
End of Bear Market: Q3/Q4 2024 due to QE5/6, aka Infinite easing.
P.S. Disregard target 3 on the chart; Depression isn't expected this decade.
Linear top: 5325
Log top: (Separate post): 6000
Extension linear top: 6500
60-80% Bear Market follows;
Target 1: 2150
Target 2: 1555
End of Bear Market: Q3/Q4 2024 due to QE5/6, aka Infinite easing.
P.S. Disregard target 3 on the chart; Depression isn't expected this decade.
Comment:
Bullish monthly engulfing candle closing above 5350 means the log/extension targets are at play!
Comment:
Micro target correction is in progress! Final top H2 '23.
Comment:
Disclaimer: Extension of the micro-target puts us at 3555 (worst-case / VIX 48-49.5)
Comment:
Lengthened time-frame once again, but the bull thesis is intact. 5th wave is in progress.
