snoooop40
Short

S&P 500 showing signs of near-term collapse

INDEX:SPX   S&P 500 Index
Comparing a few of the technical patterns that occurred before and during the massive corrections of 2000 & 2008, the S&P             is showing signs of another large correction looming. (Again after ~ 7-8 years of bull-run).

These types of monster moves play out over a period of months / years and therefor it would be diligent to observe these and other indicators over the next few weeks in order to determine whether a big move to the downside has in fact already started.

TomPip
a year ago
They'll keep this market afloat until a new US president takes office.
Reply
Whether you are right or wrong, your chart is very well laid out and easy to read and I thank you. I personally think you are correct and I am only selling monthly Bear Call Spreads. If the market continues up slowly I take a small hit and then sell an even higher position. I would rather be wrong with a small increase then suffer through another massive drop that may only take days or hours to happen initially and then continue slowly downward. I may continue later with Iron Condors, I leg into, once I have more confidence that the market is not going to have a larger than normal drop in the near future. Thanks again.
Reply
FullTimeTrader
a year ago
Nice analysis, history repeats........ veary bearish till end of year. Regards.
Reply
This was my long term view on SP500 from last 2 months
snapshot
+1 Reply
AndrewMills
a year ago
Will never happen... the FED and the BANKS own 90% of the capital... so they OWN the market... they DETERMINE if it goes up and down, and they will never let it go down...

ECONOMICS is DEAD. JOURANLISM is DEAD. Cue the National Anthem...
Reply
Realisto_FX PRO AndrewMills
a year ago
I totally disagree , they are just influencers.
Reply
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