SabahEquityResearch

More downside is imminent

Short
CURRENCYCOM:US500   US 500
Adjusted for inflation, 2022 first half S&P 500 down 25-26%, and Nasdaq down 34-35%, Bitcoin down 64-65%. That was multiple compression. Next up, earnings compression. So, maybe halfway there.
keeping fundamentals aside, our legendary forecasting tool indicates further downside is coming.

previous forecast:

please keep in mind this entire idea can be wrong



Trade active:
We have the setup now to short
Comment:
Any rally on FOMC is shortable we have so much downside to go. My model indicates 3200-3000 to be the end of bear market.
Comment:
Any rally on fomc is shortable, hope you got it .

Was a very nice day ,good night
Trade closed: target reached:
I'm out , it won't stop until forming new Lew .

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