Very important short term support from the trendlines @ 1830 & 1770 area. If that breaks at the close of the candle (=month) that would signal further downside pressure to 1650 (green support).
Based on Time and Pattern Analysis, I expect the S&P500 to reach new Highs end of 2016 after which Time is running out, the financial system as we know it will implode and history will be repeated.
The chart says we need to prepare ourselves. If I'm correct, which I hope I'm not, then 2000 and 2007 will feel like a walk in the park compared to what is coming after 2016.
Comments
insanewaynebow
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So what will be the cause of the next crash?
chinabox
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I see Support and bounce up. But after a short rally it will go down big time.
harsha.imperial
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The 2008 Crash was faster than the 2000 Crash , because the bubble was bigger. Therefore the next Expected crash will be even faster than 2008 as the bubble is INSANELY Bigger than the last one ! I expect the market will crash in 2016-2017 ! The Market has already made a top in my opinion. ! The Bigger the Bubble , The Faster the Crash !