Possible scenario for SPX in the coming months. Will coincide with a very possible Grexit as the "trigger" for the coming bear market. This bullmarket has allready lasted a bit too long. An "asset bubble" has been created. Inflation is more or less in effect. US and EU piled up bigger debt than in 2008. US will blame EU and Grexit for coming bear market, ignoring their own troubled economy. Soon the truth will be clear. Possible negation both ways on SPX...first is a QE4 that extends the rally, inflating the bubble to even bigger size. Possible negation of SHS if pattern gets a big drawdown from the "head".
Adding : in the currenct HEAD of this chart, there is allready a small SHS inside of that. Meaning that we wont even see the SHOULDER forming at this chart idea.
jangseohee
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chart?
jangseohee
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i wont rule out QE4 or operational twist version 2 ^_^