gg?

SPDR S&P 500 ETF TRUSTArca

Description

⋅ Jan 20, 2022 9:10 PM

12 year count here,

wave 5 algo target has been reached.

was hoping for an expansion, but there's a chance we aren't going to get it.

if the top has indeed been put in, the downside target on spy sits at $142

this will take many years to play out, and it isn't going to go straight down either.

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ps. i'm not saying that the top is in, but i'm saying it is possible.

👇

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maybe these are the real trials we must undergo before we truly can get to the treasure.

Comment

⋅ Jan 21, 2022 3:04 AM

Comment

⋅ Jun 10, 2022 1:13 PM

interesting times we live in, ladies and gentlemen.

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⋅ Dec 20, 2022 7:50 PM

this is my secondary macro case if shtf.

my primary via:

Comments

PerpXBT

⋅ Jan 20, 2022 10:18 PM

lets hope not😂

Eloquent

⋅ Apr 26, 2023 5:28 PM

@CrispyPanda, it's just a little shake out before the big move🙂

brandonclark9404

⋅ Jan 21, 2022 3:28 PM

Not while the dems are still in power.The midterm elections are coming and the polls in so far predict a very red outcome. If the economy crashes too under biden, they'll lose everything. I believe this crash will come, but not yet, I think this is the last kick in the nuts to retail really shake them out at the peak of fear sentiment. This might sound crazy but i think we'll springboard our way back into the 450s within the next week or two.

Eloquent

⋅ Jan 21, 2022 3:36 PM

@brandonclark9404, in 100% agreeance with you

just pricing in those rate hikes - we're likely to find a significant bottom in the weeks ahead, and begin a true ascension to 500~600 by 2023

kkandru

⋅ Jan 21, 2022 4:48 AM

It doens't drop to 142 . You're talking about world war kind of situation. FED would monetize the debt well in advance before such flash crash.
FED would run the inflation hot , have the rates and dollar raise which would be a catalyst for market to panic with sudden rates market realizes to demand at 4%-5% due to 30 year bond crash.

It'd be easy for FED to monetize and cut rates and have another run and blowoff top of the bull market & the saaga goes on.

Eloquent

⋅ Jan 21, 2022 4:51 AM

@kkandru, i agree with you
but if this was to play out, it wouldn't be a flash crash - would be a slow and steady decline over the span of 5~7 years

personally, i do think we'll see higher prices despite how bad it looks right now - but we can't discount this as a potential outcome as of right now.

jasonrappa

⋅ Jan 21, 2022 3:03 AM

It's clear we have reached the top. I think the relief rally will be disappointing.

Seeing the S&P at the 200 day really puts things into perspective.

nice job

Mynameismethos

⋅ Jan 20, 2022 10:39 PM

Well done, it's beautiful. I think we might even go for a double or blow-off top sometime later this year or even 2023 and then fall again into 2023-2024. Good job!

Eloquent

⋅ Jan 20, 2022 10:41 PM

@waszkien1, I'd love to see that expansion, would be absolutely perfect