7 YEAR CYCLIC BEHAVIOR OF FINANCIAL MELTDOWN (S&P 500) BASED ON HEBREW CALENDAR YEAR SHMITA
Current Shmita year started on 6th Sep 2021 and ended 25th Sep.
Financial markets usually touch bottoms after its end along with Chaos in the world economy. Since 7th year has ended therefore markets will touch deep bottom within next few months.
Prediction: Currently S&P 500 is at 3592 levels, Expected bottom around 2600-2700 (0.78 Fib level of rally from covid Bottom). Markets will not see reversal before Q3 of 2023.
We are in a bear market and it will continue to deep dive more!
By the way these dates starting Rosh Hashanah of the preceding year are all the end of the 7 year Schmita cycle ( 7 year cycle of debt release on Jewish calendar) … MAJOR GLOBAL RECESSIONS 1973 –4 Arab oil Boycott - Yom Kippur war - ENERGY Crisis 1980 –81 21% Rates -Inflation – 10% unemployment 1987 –88 Rising rates – 30% Crash 1993-94 Rising rates – Bond market Crashed Mortgages 8% 2000 –2001 Y2K – internet bubble – 9/11 2007 –2008 Real Estate Subprime 2014- 2015 Russia/Soviet Union fell apart – defaults –China Stocks collapsed – Brazil and Emerging market 3rd world crisis - Greece Bailout 2022 – 2023 – Welcome to the NEW CRASH as it combines a Real Estate Bubble – a Tech Bubble – Rising Rates and a Global Energy Crisis == Jubilee 50 year super cycle combo
Rameeez
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@CapeAfrican Agreed 100% and we can go to 1900s and it's a cycle which repeats itself. A terrible crash is coming and world is not ready for it yet!
Platinum-Markets
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How does the Shmita cycle project price ranges and support/resistance levels?
Rameeez
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@Platinum-Markets, Good question! . Pls note that in 2001 and 2007 S&P crashed 50% in the cycle, therefore based on cyclic assumptions it can be the target. Furthermore, 2600-2700 levels are Fib 0.78 retracement levels if we start from covid rally to previous top, both values have confluence so my bias depends on these cyclic and technical assumptions.
MAJOR GLOBAL RECESSIONS
1973 –4 Arab oil Boycott - Yom Kippur war - ENERGY Crisis
1980 –81 21% Rates -Inflation – 10% unemployment
1987 –88 Rising rates – 30% Crash
1993-94 Rising rates – Bond market Crashed Mortgages 8%
2000 –2001 Y2K – internet bubble – 9/11
2007 –2008 Real Estate Subprime
2014- 2015 Russia/Soviet Union fell apart – defaults –China Stocks collapsed – Brazil and Emerging market 3rd world crisis - Greece Bailout
2022 – 2023 – Welcome to the NEW CRASH as it combines a Real Estate Bubble – a Tech Bubble – Rising Rates and a Global Energy Crisis == Jubilee 50 year super cycle combo