Global Liquidity Crisis Could Last until November (Elliott Wave)
The S&P appears to be in the middle of a neutral triangle correction that began in 2018. This is very similar to my BTC analysis. There's a VERY HIGH chance this count is correct for several reasons, including that this is the closest to the middle of a correction compared to all the other possibilities and it violates the least amount of rules.
This likely means the stock market will remain bearish until around the end of the year. By then we should be forming a long-term bottom and will begin a slow climb up in 2021 (wave-d) followed by a higher low in 2022 (wave-e). After 2022, it's likely the S&P and most assets including cryptocurrency begin one of the strongest, most consistent bull runs in history! This will be supported by weakening fiat currency as central banks turn money printing on overdrive to pull us out of this recession.
On a fundamental basis, the liquidity crisis, oil crisis, and pandemic have caused major negative pressure on asset prices and on individuals who are in dire need of dollars to keep themselves afloat. This could last for several months before governments are able to inject enough liquidity into the market for us to see a recovery. After the pandemic has subsided a lot of pressure will be taken off of the market and demand for oil will begin to rise again.
In the meantime, over the rest of this year we're likely to see significantly lower asset prices across the board. Until this crash bottoms out cash is king and short-term shorts will likely be the best way to make income during this extreme volatility. My target for the S&P is around 1800 by the end of the year.
This likely means the stock market will remain bearish until around the end of the year. By then we should be forming a long-term bottom and will begin a slow climb up in 2021 (wave-d) followed by a higher low in 2022 (wave-e). After 2022, it's likely the S&P and most assets including cryptocurrency begin one of the strongest, most consistent bull runs in history! This will be supported by weakening fiat currency as central banks turn money printing on overdrive to pull us out of this recession.
On a fundamental basis, the liquidity crisis, oil crisis, and pandemic have caused major negative pressure on asset prices and on individuals who are in dire need of dollars to keep themselves afloat. This could last for several months before governments are able to inject enough liquidity into the market for us to see a recovery. After the pandemic has subsided a lot of pressure will be taken off of the market and demand for oil will begin to rise again.
In the meantime, over the rest of this year we're likely to see significantly lower asset prices across the board. Until this crash bottoms out cash is king and short-term shorts will likely be the best way to make income during this extreme volatility. My target for the S&P is around 1800 by the end of the year.
When we do get a wave-C down, It's likely that it is significantly larger than the wave-A we had in Q1. That almost means that we will see some major stimulus being passed, and the US will move closer towards permanent UBI.