Hello,
I'd like to start this post off by sharing my last update to my macro outlook which was posted last July.
----
Since hitting the first major 12 year level, the Spx500 has been in a corrective phase.
We're nearing 3\4's into the local correction, and the final quarter will take a lot of money from a lot of people.
This is generally what is required before a major move to the upside takes place.
----
I'm theorizing that 4720ish will mark a significant top, and we will see close to a $1000 drop in the Spx500 before the final phase of the bull market begins.
My upside target remains the same for this expanded fifth leg (between 5700~6200), but this will take time - don't expect it to happen overnight.
Majority of the market is bearish, like 80%. Which is precisely why it's going to give us a big fake out to the downside, get every single person bearish, then short squeeze to unreasonable heights.
💸
I'd like to start this post off by sharing my last update to my macro outlook which was posted last July.
----
Since hitting the first major 12 year level, the Spx500 has been in a corrective phase.
We're nearing 3\4's into the local correction, and the final quarter will take a lot of money from a lot of people.
This is generally what is required before a major move to the upside takes place.
----
I'm theorizing that 4720ish will mark a significant top, and we will see close to a $1000 drop in the Spx500 before the final phase of the bull market begins.
My upside target remains the same for this expanded fifth leg (between 5700~6200), but this will take time - don't expect it to happen overnight.
Majority of the market is bearish, like 80%. Which is precisely why it's going to give us a big fake out to the downside, get every single person bearish, then short squeeze to unreasonable heights.
💸
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.