SPX Monthly Targets 2900 or 2000? The Russia Invasion Signal

24 Şub 2022

Here we have the monthly chart for the SPX and the stage is set for a massive drop.

We are going to be looking at two targets today... Let's see how it goes.

EMA100 (blue line) has always been tested on corrections as support.
This level is now sitting at 2900 for the SPX monthly, this target we hit for sure on the next drop...

But there can be more.

We can see that MA200/EMA300 are also tested when strong corrections take place.

The chart structure and world economy supports this move, this level stands around 1900/2000 on the monthly SPX.

I know this sounds impossible to many and that's exactly the reason why it is probable that it will take place.

The stronger the denial, the stronger the crash... See what happened back in late 2007-2009.

A 57% crash in 2022 would send the SPX to exactly MA200.

What's your opinion on this chart?

Thank you for reading.

Namaste.

P.S. Russia was invading another country back in 2008.
The catalyst for the correction that took place.