Hello all,
I would like to do some comparison here. On the LEFT side you can see chart pattern on 3D timeframe during the 2008 mortgage crisis in US. What happened?
From TA perspective - we can see broadening descending wedge or channel where price was strongly rejected from white MA (green circle) - what happened next you can see on the chart = BEARISH SCENARIO.
Meaning FED will rapidly increase interest rates in near future or we will have another conflict or whatever like this. I hope just for increasing interest rates.
ON the RIGHT side you can see my price prediction - yellow line with the BULLISH SCENARIO
BUT we have there the same chart pattern like we had in 2008. Very similar or same... so what we can expect? For bullish scenario FED must start print money again (quantitative easing). BUT i dont think so they can do it right now - because it will cause a higher inflation again...
So just small recap of the chart on the RIGTH SIDE:
From TA perspective - we can see broadening descending wedge or channel where price was strongly rejected from white MA (green circle) - we need buz pressure to not collapse like in 2008 (ABCDE) on the right chart...
IF BEARISH SCENARIO comes out, we can see SP500 under 2500 - BUT this will be one of the biggest economic crisis ever... Do the FED really want it? I have some doubts here because Chinesse currency juan can be new number one currency if usd falls...
I think we will see the result in next months... personally I think that downside is more likely to happen...not sure if really under 2500 but most likely under 3500...
PEACE and have a great day
Svarog
I would like to do some comparison here. On the LEFT side you can see chart pattern on 3D timeframe during the 2008 mortgage crisis in US. What happened?
From TA perspective - we can see broadening descending wedge or channel where price was strongly rejected from white MA (green circle) - what happened next you can see on the chart = BEARISH SCENARIO.
Meaning FED will rapidly increase interest rates in near future or we will have another conflict or whatever like this. I hope just for increasing interest rates.
ON the RIGHT side you can see my price prediction - yellow line with the BULLISH SCENARIO
BUT we have there the same chart pattern like we had in 2008. Very similar or same... so what we can expect? For bullish scenario FED must start print money again (quantitative easing). BUT i dont think so they can do it right now - because it will cause a higher inflation again...
So just small recap of the chart on the RIGTH SIDE:
From TA perspective - we can see broadening descending wedge or channel where price was strongly rejected from white MA (green circle) - we need buz pressure to not collapse like in 2008 (ABCDE) on the right chart...
IF BEARISH SCENARIO comes out, we can see SP500 under 2500 - BUT this will be one of the biggest economic crisis ever... Do the FED really want it? I have some doubts here because Chinesse currency juan can be new number one currency if usd falls...
I think we will see the result in next months... personally I think that downside is more likely to happen...not sure if really under 2500 but most likely under 3500...
PEACE and have a great day
Svarog
Comment:
Please check comments for more detailed chart... IDK why it is like that in the main post. Please feel free to add comments, thanks