Covid "Brrrrrrrrrrr" Bubble Top Projection for SPX500

SPX500USD Thanks to the FED, the infinite money printer WALCL (white line) propped markets up again since beginning of Sept 2019. Now that inflation has rooted in, mass layoffs are occurring daily along with another round of increased small bank failures, the FED is once again reducing their balance sheet... Let's see if this is the point where market participants throw in the towel to buy back lower. Stay Tuned!

Commentaire:

Thoughts do date. Either the top is in or we're heading higher to 5622 before any meaning full pull back.
Using past market structures to predict price action in the future, here' s some Fib analysis you might find interesting.
s3.tradingview.com/s...shots/w/WNMz87Cd.png
Take the high low of the broadening tops and use the fib extensions to show where price went after.
you see the 1.13% and 1.618 % are touched. So applying it to the latest broadening top, we show 5040 as a top target (which I posted a separate idea on) and or 5622. Interesting to note and something to keep in mind.

Commentaire:

Trade fermée: cible de profit atteinte