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Indeks S&P500

SPX Larger degree fractals comparison

Oleh Neon
Diupdate
Next months is the first month for potential downside reversal based on my prop cyclical indicators as bulls are running out of time and space
Catatan
Very key close today as many indexes turned their daily trends down. Negative
Catatan
This is the near term bear case vs the 2014/2015 temporary bull case into summer. Fed meeting next months and likely BOJ potential actions in April likely to decide which one
Catatan
SPX could go worst case 2800/2900 using simple symmetry to the previous 2 bear legs since the start
Catatan
The micro fractal analog for this one is the Nov 22, 2021 to Dec 3, 2021
Catatan
3860s very likely to be tested pretty soon. How SPX reacts there likely the key for this market to decline swiftly or more upside into summer before a larger decline
Catatan
JP has testimony today/tomorrow so lets see what happens
Catatan
And the 3860 was tagged as I expected
Catatan
SPX closes the week at 3862...no coincidence
Catatan
Liquidity spigots slowly turning up, seems panic sets in the hearts of CBs yet again
Catatan
After the liquidity spigots reopened, it was clear the structure changed. Currently, the macro fractal likely resembles 1973 with microfractal of 2019 with the triangle in the middle
Trend Analysis
Neon

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