Here We Go Again: 2126 SPX on Monday is Possible
已更新
Remember last Friday when I was the first person to predict the historic 13% crash coming that Monday? Well, we hit exactly 13%. Interestingly enough, I saw very similar underlying issues as last Friday compared to today and there is the potential for another sell-off on Monday.
I don't foresee a 13% decline, however, in the level we are currently in which is the 2300s, there is very little support. I believe its possible we sink to 2126 on Monday (good for about an 8% decline). If this level were to break then we would look for a dead cat bounce off this level and then an ultimate mid-term target around 1847.
For a while I have been calling this entire situation a minimum of 50% retracement and that is what will occur. Cheap money, 0% rates and stimulus are only short-term BS band-aids which as you can see can't even bring about a 1 day rally.
Only time will tell...
Don't be a hero and try to predict bottoms as this market will have years of malaise.
- zSplit
I don't foresee a 13% decline, however, in the level we are currently in which is the 2300s, there is very little support. I believe its possible we sink to 2126 on Monday (good for about an 8% decline). If this level were to break then we would look for a dead cat bounce off this level and then an ultimate mid-term target around 1847.
For a while I have been calling this entire situation a minimum of 50% retracement and that is what will occur. Cheap money, 0% rates and stimulus are only short-term BS band-aids which as you can see can't even bring about a 1 day rally.
Only time will tell...
Don't be a hero and try to predict bottoms as this market will have years of malaise.
- zSplit
註釋
Just as a heads up that if the US is able to pass stimulus tonight (remains unknown) we could get a short lived pop in the market. However, the rally will be sold. - zSplit.
註釋
There are a lot of cry babies posting comments on here with new or new-ish accounts doing nothing other than trolling and spreading misinformation, exaggerations, anecdotal facts or fake facts to warrant attention and a response.As such I will no longer respond to comments on this idea.
Feel free to PM me if you have a genuine question and I will get back to you.
Wishing everyone continued health and safey!
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