SPX 100yr Topping Pattern

2021년 5월 20일Long term trends on overall market are looking weak.

SPX has a megaphone on the weekly/Monthly chart - typical signals of a chart. We look around the market right now and speculative excess and ferver are everywhere - from BTC to DOGECoin to meme stocks - Next crash on SPX should run ~50% or so, and take 2-4 months. Maybe we get a 3rd touch on megaphone by Sept 1st 2021?

2021년 5월 20일

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Monthly Chart:

2021년 9월 29일

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Closer in - SPX is in a rising wedge, atop a megaphone pattern.

SPX broke down through the wedge this month and is now testing the 100d. Market looks to be having a change in Character to the downside?

I wouldn't be surprised to see a 200d SMA tag, nATH, then the great bear market.

2021년 10월 1일

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SPX broken down from the Rising Wedge, atop the 3 year Megaphone.

2021년 11월 5일

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November Update.

Looks like backrest of the breakdown from the rising wedge?


Longer Term view - Looks like Jan/Feb might be the top of the SPX - something happens around the end of Powell's term as Fed chair?

2022년 5월 24일

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Something like this Possibly?