These are the two most likely tops for the S&P500

1 déc. 2020

We have yet to see the final clown push on this three-ring circus. Usually there is one final parabolic push before coming to a crashing end.

Even though it will probably only be a 8-10% correction because money printer goes brrrrrrrrrr... there are some big factors that could cause a dump to cascade even further to lower fib retracement levels.

These are boxes I'm drawing and the areas I have identified as that final push. It's nearly impossible to call the top on any market, but images from PBS such as the the one I have attached, support my hypothesis. We're way too bullish for this to last long.

Retail will be led to the slaughterhouse. Welcome to the jungle.

1 déc. 2020

Note

The third possible option which would be a massive push for 4000. It would slightly make it past and then dump down, similar to the way the crashes came after extending past those rays. This can be seen visually on my twitter. Prior to today, I was not placing these boxes on the SPX chart. I was a believer that ES_F would not dump until the housing market crashed. I think that it could fall hard when they adjust interest rates in March. Fannie & Freddie have been lining their pockets waiting for it