ConcordiaInvesting
Short

S & P 500: Elliot Waves Correction Ahead (Recession ahead?)

TVC:SPX   S&P 500 Index
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7
I wanted to post this to inform as many people as I can of a potential major correction coming to the US market in the upcoming months (I would have to guess around September or October). Please prepare for it as it has potential to be a large correction. Some options to protect yourself include:

- Investing in foreign mutual funds
- Investing in Gold (precious metals)
- Be as liquid as possible. If you have debt, do what you gotta do to minimize it

There is a FED Interest rate decision on July 26th - this could be the trigger to it all, but no one knows for sure.

Hope this at least helped some of you

Also - if anyone have any other ideas as to how to mitigate the damage and perhaps benefit from it, post it in the comments

Matt Concordia

Comments

You are correct sir, we are almost done with this cycle, fundamentally and technically. Fed has started its tightening, the yield curve is flattening. The only factor we need to consider here is that the 5th wave could and I believe will get extended since the ECB and others especially bank of China will start tightening at the beginning of next year. As of right now we are in the 3rd wave of the last 5th wave. This is how I see it.
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@shawn.ctech, great - thanks for commenting Shawn
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Great charting. I'm also thinking October possible around a Monday. No reason other than looking up past history of markets. 1929 started on Monday October 28th. 1987 black Monday and Monday August 24,2015 flash crash, possibly October 16th.

As far as protection. Precious metals,cryptos and no long positions during then.
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@busboy, thanks for the comment! I never looked into the dates, that's really interesting - thanks so much. Definitely no long positions then...although I looked up the xauusd in 2008 and it also dropped. I'm still not entirely sure what to trade on (is otc trading during this time even reliable? Will you be able to pull out money after it drops?) for this. If you have any insights/recommendations, I would love to know what you think
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But you see... Nobody wants to listen right now. The buy-the-dip crown are still too noisy for you to get the message through ;)
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You are spot on with your prediction ... trade well my friend and get rich.
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ConcordiaInvesting WallStScalper
@WallStScalper, thanks a lot brother. I have been looking at this for a very long time. Its unfortunate that no one listens... hopefully a couple people will
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