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Dr_Roboto

S&P 500 - Evergrande the pin that popped the bubble?

S&P 500 Index (OANDA:SPX500USD)  
Dr_Roboto  
OANDA:SPX500USD   S&P 500 Index
Trend Analysis Chart Patterns Wave Analysis SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY) IVV DJI NASDAQ 100 CFD
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We all know that the markets has been in a bubble for a while, but the questions has always been what the pin would be. Could the Evergrande be that pin? The idea of a 2008 crash like crash in China clearly has the market spooked on top of COVID, inflation, and Fed tapering. This timing also perfectly coincides with the S&P touching off the top of its 2009 trading channel. Major support is almost 15% lower from recent highs in the 3800-4000 range.

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