Teklologist
Short

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.
https://www.hussmanfunds.com/comment/mc1...
Comment:
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

Sascha
Reply
Hey,

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

All the best whishes, Sascha
Reply
@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.
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Very well done chart presentation.
It look very real to me.
Reply
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.
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Teklologist The_Unwind
@The_Unwind @Lilalisa you both should checkout the link posted in my recent update.
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The_Unwind Teklologist
@Teklologist,

Thanks for the genuine heads up. Will read closely.
Reply
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