SPX500 Ultra Rare Pattern: The Bear Witch

FX:SPX500   S&P 500 Index
For the superstitious out there the SPX should be giving you a macabre vibe.
Comment: Here’s a less macabre target of 1650, but depends on a much slower bear market.
Comment: Looks like this target is actually backed by some fundamentals. Hussman calling for easy 60% drop. Perhaps I actually identified a type of pattern here. Will be interesting to see how price unfolds.
thnx, a massive fall in the future market actually, Start of a historical dump?

We will see. The article you posted is very very interesting.

Alle the best


what does this pattern normally mean. Bearish , bullish or unclear?

All the best whishes, Sascha
@Lilalisa, hello. It’s not a real pattern. Just a play on diamond top and broadening wedge patterns and the Blair Witch movie. See below for my spin on the actual broadening wedge pattern playing out.
Very well done chart presentation.
It look very real to me.
Teklologist The_Unwind
@The_Unwind, thanks. Noticed some odd patterns that reminds me of the stick/wood idols hung from trees in the Blair Witch movie. Figured it would make for a humorous post. Should have prefaced it as satire. I remain bearish though, but acknowledge price could reach 3015 via a broadening wedge pattern.
Teklologist The_Unwind
@The_Unwind @Lilalisa you both should checkout the link posted in my recent update.
The_Unwind Teklologist

Thanks for the genuine heads up. Will read closely.
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