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Wave3

Advanced TA (Gann, Fibonacci, Elliot Wave, Others) Lead TrendsThis is a complex chart showing the SPY in a broad spectrum of Advanced Technical Analysis. What you need to understand is this rally has stalled after a "scouting party" attempt to identify support above the long-term CYAN price channel (which also acted as support in early 2021 on the way down). Failure to hold this support level will prompt a very big downside price trend that may retest the 2015-16 lows. Everyone is talking about a Fed Pivot - but I don't see that happening. I see a broad financial crisis event unfolding over the next 4+ years where asset values contract (homes, stocks, and others) in a global unwinding process. China/Asia are particularly at risk because they may not see any real recovery from their excess speculation phase until after 2027+. The US markets may recover 2~3 years before foreign markets as the US has somewhat prepared for another crisis event after 2007-10 - but we'll see. Failure at this point would indicate a potential for a new Wave 3 (downward) that could be rather large. Learn to protect your assets as you identify opportunities. This is not the time to go ALL IN on any big trend. This warning is CONDITIONAL. The SPY would have to move lower and break $363 to establish a new downward price trend. Follow my research.
AMEX:SPYShort
by BradMatheny
Where Does The Index Go From HereThis is the plan based on the daily data tracking back to 1877 (my projected beginning of the Grand SuperCycle for you EW followers). Looking at a solid market top around the month of April 2022. I have charted the likely ups and downs to it. For now, looking at a near-term top around this Friday at noon which should begin a roughly 13-15 trading day drop of about 221 to 261 points. All other points are estimates for now. I plan to update this path as we move through it. Wave 3 could provide great opportunities. After April 2022 will likely see many rough months, but have no fear as all-time highs will be back....eventually.
SP:SPXLong
by StockSignaler
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