RealTima

Long term chart

RealTima Updated   
SP:SPX   S&P 500 Index
This is how I see the whole move developing into end of Q1 of the next year.

I do expect we will bottom on Mar/Apr (May if stretched) 2023 and then rally up into a bigger B wave up.
There is a chance that we will see 1550-1750SPX as well as 4300-4500 within next 10 years, doubt we see new highs till after 2032
Please note Im not a Nostradamus or a person who predicts the future, my view can be changed at any time if I see changes on long term charts.

Few numbers to watch
- 3196 is 61.8% retracement off 2020 lows
- 3238 is where 38.2% retracement off 2009 lows
Maj support for the whole move down is at 3200-3240SPX - A wave

B wave up to 4k+- (to be determent)

C wave down to my low 24 handle next year to mark the bottom of the whole move down from Jan highs.
Comment:
Dont forget to press that rocket button to push this chart up for others to see it.
TIA
Comment:
Here is a good video report link to what can cause the next crash like leg of decline, probably before the elections
1st part
youtu.be/meBMKIe5d0M

2nd part
youtu.be/Bw84nOmGLcw
Comment:
Here is what I think is about to happen with the 5th wave down. Perfect timing will be after the elections fakeout.
But I do expect Oct 2nd lows to be revisited (maybe a higher low) all the way down to 3485SPX before the elections and then a big run up to 3800 again before the elections, only to sell hard from either end of the week of Nov 7th or first days of week Nov 14th into end of Nov or so. Im also questioning the Santa Rally now, it might simply not come.
twitter.com/JTh...649419428798465?s=20&t...

Regardless of the outcome, I will be entering with longs on the 31st EOD and rest on 1st of Nov for the pre-election run up
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