Similar look now for SPX, AAPL, and VIX as ~Feb 24, 2020... expecting crash/correction within about next 3 weeks... that said, I’ve been calling it early the past couple of times by about 2-3 months, so use best judgment. Also similar now as Aug ‘08... hopefully we’ll get a nice re-entry opportunity as around April ‘09 and May/April ‘20! All of my reads seem to suggest that we are near, so just a matter of time. If we don’t break down, then (in major contrast) we could see insane surges that would be unparalleled to any other bullish push... both paths make sense—suppose that makes for a great downside-heavy straddle. GLTA
Chart hardly shows SPX topping, highly likely to run up to 4400-4500 range by Jun, with possible dips in between but not more than 1%. Good try!
ogdabber
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@poister198 tell yourself what you need to hear in order to trade/invest and sleep... I didn’t post my look as the chart, but it looks pretty clear to me... time will tell. Why don’t you post your bullish outlook and I’ll take a look?
ogdabber
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@poister198 forcing myself to see bullish, I found a decent (but also weak in ways) projection for ~4,700 PT... I suppose if shorts start coming in it could all get squeezed, but we haven’t had a real correction since pandemic imo, only consolidation at times... I’m hoping we see a nice correction.
ogdabber
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@poister198 looking at VIX (daily, Kagi), looks like if it goes over 40 then 50+ and likely correlates to correction of some sort. Trust me, I want to unload into some cannabis and tech—just trying to avoid being decapitated... if VIX stays down, and SPX breaks 4,100, then new eval needed for sure.