SPX S&P500 is a BUBBLE 98% drop expected. Depression.

SP:SPX   S&P 500 Index
-As you can see here, from 1929 until 1949 we were in a bull pennant , following the bull pennant we have 5 Elliott Waves , within the 5 waves we have 3 sub waves.

-Now that we have finished the 5th wave you can only expect a large drop in price. As seen in the chart, the top resistance of the bull pennant in 1929, the 1st wave and 4th wave resistance both confirm MAJOR support at $31.

-These 5 elliott waves are seen inside the white trend support and resistance . We have been in this trend since 1955. We are now going to test the support in this trend which is a 26% drop . So at least we are dropping 25%.

-Now that we have confirmed we are in a trend and outside of this trend there is only one actual confirmed support on the 1 year chart. we can see that if we break out of the trend we have been in since 1955, the only support outside of this trend is the major support at $30

Is it worth opening a short for this if the USD becomes worth almost nothing? Will i even make money? is WW3 coming?

Check this out
Thanks. Just bought 100k rounds of 5.56
Great analysis. There are a lot of valid points. I think you are referring to the Fourth Turning cycle of human history which coincides with Fibonacci year 2021. I am eagerly waiting to see how all of this plays out.
If what you said were true, the nuclear war would already wipe out most of the creatures on the earth.
Technical Analysis (specifically Elliot Waves) doesn't really apply over such a large time frame.

Think about what you're suggesting practically. The US economy would have to collapse to reach your target, not just a few banks or companies, but the majority of the companies within the S&P500.

There is no way the S&P 500 see's these lows again.
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