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AlanSantana
Apr 8, 2020 6:48 PM

The S&P 500 Index Moving As Chartted 

SP:SPX1D
S&P 500SP

Description

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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

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💾 Is Gold Going Up Again? $1800+ Possible

Comment

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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.
Trend AnalysisTechnical IndicatorsBeyond Technical AnalysisSPX (S&P 500 Index)alanmastersS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) indexcryptoaltcoins
Comments
DaddySawbucks
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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...!
AlanSantana
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@DaddySawbucks, Yup... Exactly.

I will take a look at the VIX.
DaddySawbucks
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@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.
AlanSantana
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@DaddySawbucks, Thanks for sharing.
blackriver85
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Thanks
AlanSantana
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@blackriver85, My pleasure. :)
artgen567
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If this is zig-zag wave target will be around $1600 at this summer.
AlanSantana
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@artgen567, Got it... Sounds about right.
DaddySawbucks
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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.
AlanSantana
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@DaddySawbucks, Will take a look.

Thanks for sharing.
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