Historical analysis of stock market crisis - 1929 for SP:SPX by Simon_says

trendanalysis chartpattern waveanalysis dji spx sp500index crisis 1929

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Stock market will initially crash around -46% then move up to ~2700$ and finally down to >450$ per share.

We are entering a Great Depression just now!

In the same time Gold (XAUUSD) will keep moving up to double the price of Dow Jones: it measn DJI will be ~4500/5000$ while Gold will go up to 8500-10,000$oz

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Very nice video, please watch: Will the Coronavirus TRIGGER a Global Recession?

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I believe we completed first downward move, let's observe market going up for the next week/s.

Subsequently, there will be slow downward move, it will be very painful as official recession will begin in a few weeks/months time.

Many businesses will go bankrupt and unemployment will skyrocket.

Comment:

Move up will happen up to around 2500$ or 2700$ then continue going down.
Please observe the plot and exponential moving averages for SPX and DJI.

Comment:

Just to let you all know, it's an organized and supervised economic crisis. How is it possible that the spread of a coronavirus in China or Europecause the biggest drop in US stock market but over 80k infections in the US makes stock market to move up?
Obviously it will be temporary and the market will keep going down for another 3-4 years as predicted on the plot.

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My analysis was correct so far, I believe we are entering a downward move soon.

Unfortunately, SPX will keep going down for the next 3 years, many people will lose their jobs and we may have to wait another ±25 years for the market to move back to 2019/2020 highs :-/

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