TradingView
GerardWalker
Aug 18, 2022 5:38 PM

Its over. Total US economy collapse underway Short

US SPX 500OANDA

Description

Price is at optimal trade entry zone

Divergence forming at resistance area

Expanding diagonal wave 4 completed

Extended wave 5 of the Expanding diagonal pending

Dump next week coinciding with several possible black swan events(china invasion?)


PUTS PUTS PUTS

Comment

IT HAS BEGUN

GET THOSE PUTS. ADD MORE FUEL TO THE CASCADING LIQUIDATIONS

ON THE HIT LIST

NQ APPL ES DJI
Comments
JoeChampion
WEll done, i agree on the stock market bearish bias!
Laurent10
Hi Gerard...BIG BIG CALL mate - Total collapse of US economy ....I would be 'happy' with a major RESET to about 29k on DJ and 3600/3400 (pre-covid level) S&P - is that not enough you reckon? IF the DJ breaks 30k strongly then maybe a little lower.....
geenhtc
I hope we see very soon the 3200 and 2900.
fXVolume
🔥🔥🔥🔥
runwiththedream
No "china invasion"! The correct name is unification of China or take back Taiwan.
Laurent10
Hi....ya think/believe it can go that low? Mmm, in light of the last few weeks trading (EVERY drop/sell has been bought/taken out/destroyed) I'm not convinced. S&P will struggle to break 4k I think....look I firmly believe a RESET is due - markets/world/financials/everything - but to what levels who knows. Thanks for sharing, cheers.
geenhtc
I heard that options will expire today and cause for a lot of volatility, does anyone know at what time they expire?
Laurent10
Hi there....Mmm let me start off by saying, it ain't gonna happen (get anywhere near 33k) Look I agree/believe that America is in decline, and that it's pretty f%**&^%ed.....could it collapse, hell that's anyone's guess. I believe there should be a RESET of everything to do with the markets and financial institutions, but guess what? "THEY" will never allow it, they will do EVERYTHING and ANYTHING to prevent it, which in turn might make matters worse. I agree the markets (DJ / S&P) should be way lower/down....but I see (everyday trading full-time) that EVERY single drop is taken out/bought/destroyed...they not letting it happen. Will the market (DL/S&P) drop? sure a few hundred points here n there but no major crash/correction - in my opinion now. A few months ago I believed it and traded it....but since then (even with all the bad economic numbers) it's only gone up, and even without a drop of say 2/3/400pts along the way.....just keeps going up, and I for one can't see ANYTHING or any reason that it will come down....I hope I'm wrong. Thanks for sharing - cheers
GerardWalker
@Laurent10, Market will plummet, just give it some time. Just take a look around you, countries are defaulting one after the other. More recently China in the past few months, the 2nd worlds largest economy which is now facing bank runs, real estate crash, and socioeconomic collapse. The USA is living on borrowed time, and like you said they are propping it up for as long as they can, so the elites can escape and hide(exit scam).
More