.
S&P W1 3-9-22 DROP TO 3500 ?:
- Continued FED-tightening is bearish equities
- Recessionary circumstances (US & World) is bearish equities
- Strong(er) Dollar is not bullish equities
- Analysis based on Fib-Confluences:
- 3500 = 50% retrace of Covid-uptrend
- 3500 seems likely as downside target
- 3250 is 62% retrace of Covid-uptrend = 162% extension of recent upswing
- 3250 remains to be seen, but certainly doable this year
- Wave analysis perspective:
- AB = CD = 3500
.
S&P W1 3-9-22 DROP TO 3500 ?:
- Continued FED-tightening is bearish equities
- Recessionary circumstances (US & World) is bearish equities
- Strong(er) Dollar is not bullish equities
- Analysis based on Fib-Confluences:
- 3500 = 50% retrace of Covid-uptrend
- 3500 seems likely as downside target
- 3250 is 62% retrace of Covid-uptrend = 162% extension of recent upswing
- 3250 remains to be seen, but certainly doable this year
- Wave analysis perspective:
- AB = CD = 3500
.
Sultan of Swing