alanmasters

The S&P 500 Index Moving As Chartted

SPCFD:SPX   S&P 500 Index
The S&P 500 Index (SPX) is moving just like we charted a few weeks back... You can see it below:
The question is this... Will the next drop materialize, the big one?

See below, this is the scenario for which we need to prepare:
Remember to hit LIKE to show your support.

Thanks a lot for reading.

This is Alan Masters.

Namaste.
Comment: 💾 Is Gold Going Up Again? $1800+ Possible
Comment: The SPX is still missing another strong drop... Bitcoin as well.

After this next drop, it is very likely that the bottom will be in.

Thanks a lot for your support.

Namaste.
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Comments

Ty for post. Agree; I been wondering whether the first 1200 pips in March was just First Primary Wave in a Century Downtrend, and if so, we're in Second (Counter-trend) Wave; and the Big One is still coming... VIX could go well over 100... NQ might end up under 3k...!
+4 Reply
alanmasters DaddySawbucks
@DaddySawbucks, Yup... Exactly.

I will take a look at the VIX.
Reply
DaddySawbucks alanmasters
@alanmasters, Trades at 42 after rally to the 0.5 Fibo. LOL, I never thought it would get over 30! Insane. All option premiums so high now.
+1 Reply
alanmasters DaddySawbucks
@DaddySawbucks, Thanks for sharing.
Reply
Thanks
+2 Reply
alanmasters blackriver85
@blackriver85, My pleasure. :)
Reply
If this is zig-zag wave target will be around $1600 at this summer.
+1 Reply
alanmasters artgen567
@artgen567, Got it... Sounds about right.
Reply
Right on, ty for update. Look how they beat it down EOD. Rejecting from 0.5 Fibo...
See my idea on W-recovery, looking for a double bottom within 3-6 weeks IMO.
+1 Reply
alanmasters DaddySawbucks
@DaddySawbucks, Will take a look.

Thanks for sharing.
Reply
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