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DigitalGreg

SPX retest pre covid highs? Me thinks so

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S&P 500 Index (SP:SPX)  
DigitalGreg Updated   
SP:SPX   S&P 500 Index
Trend Analysis Harmonic Patterns Chart Patterns S&P 500 (SPX500) Stocks marketstructure
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trendanalysis harmonicpatterns chartpattern spx500 stocks marketstructure
To me, it looks like SPX is going to retest the pre-covid highs. Major stocks will fall through their current floors....cheap buying opportunities are on the horizon
Comment:
Update: I still think the SPX looks like a steaming hot pile of shit. My guess is 3300 in the next 2 months
Comment:
One Month later. Things look pretty much the same. I'd give the collapse another 60 ish days...could take longer but we'll see
Comment:
This chart is nearly invalidated. Insanely strong move from the SPX over the past 45 days.

Recession over? No Depression?

I'm still sitting in mostly cash. Could be sidelined for a while but no market moves in a straight line.

Let's see where this market finds support during its next correction
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