SPY:LONG TERM Speculation based on EWT and US Politics
Elliot Wave Theory basically says there are 5 waves up and then a correction. The size of the correction depends on the time frame and size of the waves. The chart gives my interpretation of the price action. This is subjective and like all complex images different folks see it various ways.
IF my interpretation is correct we are at a major critical point. If the last 5 waves up (since 2009) is 55 then we are in for long term major turmoil and depression. IF this is just the first wave of 55, then after a recession we may then move again toward prosperity, and peace.
In the USA our politics are at a major critical change point. Basically will we have one party rule or continue to have a balance of power (Congress, Executive Branch, and Judges.) ?? Will we continue to have peaceful transfer of power where the losing Party concedes a loss and just works to win the next one? Socialistic ideas and people have now basically taken over the public education system, many of the judges, many Churches, and much of the Democratic Party. Anti President Trump groups have stated that if Biden doesn't win "We will burn it down". I have no reason to think they won't do it. If the Democrats would win the House , the Senate, and the Presidency then have already indicated changes they could make to basically control everything for years to come. For all of us I truly hope I'm wrong. But we are in dangerous times so be careful, be loving, and be prayerful ( if you pray).
As always process your way. And have a great week ahead.
IF my interpretation is correct we are at a major critical point. If the last 5 waves up (since 2009) is 55 then we are in for long term major turmoil and depression. IF this is just the first wave of 55, then after a recession we may then move again toward prosperity, and peace.
In the USA our politics are at a major critical change point. Basically will we have one party rule or continue to have a balance of power (Congress, Executive Branch, and Judges.) ?? Will we continue to have peaceful transfer of power where the losing Party concedes a loss and just works to win the next one? Socialistic ideas and people have now basically taken over the public education system, many of the judges, many Churches, and much of the Democratic Party. Anti President Trump groups have stated that if Biden doesn't win "We will burn it down". I have no reason to think they won't do it. If the Democrats would win the House , the Senate, and the Presidency then have already indicated changes they could make to basically control everything for years to come. For all of us I truly hope I'm wrong. But we are in dangerous times so be careful, be loving, and be prayerful ( if you pray).
As always process your way. And have a great week ahead.
