In my last post on Tradingview.com post dated Jan 4,2022
I alerted readers and followers that a proprietary "Sell Signal"
had been rendered in my work, on the benchmark S+P 500 on the afternoon break of 4803.
That proprietary sell notification proved to be extremely prescient,
as it turned out to have been almost an exact call
of an historic top"in the S+P 500
the benchmark index of stock prices of the biggest 500 companies in the United States
This past week as shown in the enclosed chart,
that sell signal "executed' as a "decompression break",
almost iike a foundation structure simply giving way
triggered by the break of the Dec 3,2021 low of SPX 4495
This reversion to the mean downside quake has resulted in countless former high flying stocks
now to be down now 40,50,60,70,80,even 90 % below their all time highs, reached in 2021.
The imprint of a pending bear market in US stocks has been witnessed
and those who stayed too long in this historic stock bubble,
have ended up paying a heavy and unforeseen financial meltdown in their dollars invested that hurts.
Simply put.
"They didn't see it coming "
THE_UNWIND
1/22/22
Woods of Connecticut
I alerted readers and followers that a proprietary "Sell Signal"
had been rendered in my work, on the benchmark S+P 500 on the afternoon break of 4803.
That proprietary sell notification proved to be extremely prescient,
as it turned out to have been almost an exact call
of an historic top"in the S+P 500
the benchmark index of stock prices of the biggest 500 companies in the United States
This past week as shown in the enclosed chart,
that sell signal "executed' as a "decompression break",
almost iike a foundation structure simply giving way
triggered by the break of the Dec 3,2021 low of SPX 4495
This reversion to the mean downside quake has resulted in countless former high flying stocks
now to be down now 40,50,60,70,80,even 90 % below their all time highs, reached in 2021.
The imprint of a pending bear market in US stocks has been witnessed
and those who stayed too long in this historic stock bubble,
have ended up paying a heavy and unforeseen financial meltdown in their dollars invested that hurts.
Simply put.
"They didn't see it coming "
THE_UNWIND
1/22/22
Woods of Connecticut