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TheSecretsOfTrading
Jan 26, 2023 9:50 PM

SPX - 2 big fractals matching! Short

US SPX 500OANDA

Description

So this hasn't happened before. SPX has been moving in a similar way to 2000 and 2008 drop - and we can see that the tops and bottoms of the 2000's fractal ( orange ) are matching - we are in the process of creating a local double top - just like in 2000 - just before the drop.

To confirm his - I realized SPX has been forming another really "popular" move, which is 2021's Bitcoin Double top (red). This one also marks a top and then a long way down.

Watchout for 4100-4130 - very likely this will be the top you want to short.
Comments
Elefant-Schnitzel
Except 2022 sp500 bounced off 200weekly ma! Bitcoin had a 200 day accumulation recently. 75% cryptos making type two returns and gartley and shark harmonics at .886's. We are in the structure below the one you mention here on the spx chart. I examined it as well. Don't get homelessed shorting this. Its time...
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