PITCHFORKS FOR SPX PA

May 30, 2022

Feel free to check my ideas

For the index i've called this perfect from the top

I had an idea which tracked PA perfectly for the move to 3800 from 4500 or so

Here i have added to it

The Andrews pitchfork forms a median line from the bisector of pivots BC from pivot A

The Schiff pitchfork moves the origin point to half the vertical distance from A to B

Here i have marked major pivots on the daily chart for the last year or so

I then have a major pitchfork from the major monthly pivots from the Corona Crash to the ATH

I have a fib retracement on the whole move since corona

Whilst all think the bottom is in for at least a relief rally

PA tells me this is a ded cat bounce

Bulls will get trapped on the fall to 3600

From there we can consolidate or rally

The higher we go here the more chance of 3600 failing as support which would bring 2XXX into play

You better hope we drop to 3600 soon bulls (we will)

GRI 2022

Jul 15, 2022

Note

4500 target