SPY 1994 - BRINK OF THE LARGEST BULL RUN OR MASSIVE BEAR MARKET
All,
In previous posts I discussed how the market appears to be bullish (but overall bearish longer term for now) which it is ... till around 435-440 I think. What I did was take the 1994 speed fan/speed lines whatever you want to call them (big deal more than people think it's not some fib thing it's far far more in depth and you will see hedges like on AMC stop speed fans from peaks to cause a totally different dynamic the way the stock trades (google it in depth its not discussed in great detail for a reason IMO)
Bull Scenario:
-Entering back into this 1990s speed fan/arc/lines would cause a breakout of current pattern and send us exploding into an actually crazier bull run imo after a retest of the break.
Bear Scenario: (why you see all the doomsday stuff), this would be the current pattern we are in which makes sense. How many times have we seen SPY fractal on lower timeframes of rising wedge fall? Exactly. It has now worked it's way up to the daily/weekly/monthly time fractal. So I think around 440 430s we are going to see one of the biggest market changes in a very long time not sure which way yet, but it will be a massive change.
In previous posts I discussed how the market appears to be bullish (but overall bearish longer term for now) which it is ... till around 435-440 I think. What I did was take the 1994 speed fan/speed lines whatever you want to call them (big deal more than people think it's not some fib thing it's far far more in depth and you will see hedges like on AMC stop speed fans from peaks to cause a totally different dynamic the way the stock trades (google it in depth its not discussed in great detail for a reason IMO)
Bull Scenario:
-Entering back into this 1990s speed fan/arc/lines would cause a breakout of current pattern and send us exploding into an actually crazier bull run imo after a retest of the break.
Bear Scenario: (why you see all the doomsday stuff), this would be the current pattern we are in which makes sense. How many times have we seen SPY fractal on lower timeframes of rising wedge fall? Exactly. It has now worked it's way up to the daily/weekly/monthly time fractal. So I think around 440 430s we are going to see one of the biggest market changes in a very long time not sure which way yet, but it will be a massive change.
Comment:
End is almost here of pattern around 440 would be the top id expect to be bullish next week or so
Comment:
anything above 445-450 would be a breakout id see running to 480-490
Comment:
anything falling outside pattern I seriously think we would see downside to 416 then 398