They say history repeats, we had a pandemic in 1820 and 1920. We had a crash in 1929, so we could be near a same fractal. I compared the 1929 crash and if it were similar this is the path it would take. Down to first major support (2100 area support), than major bounce up in between the .5-.667 fib where people unload and then it continues to fall for 3 years, hopefully this time is different.
Yorum:
Looked again and this is wrong, from the first bottom in 1929 it retraced to .5 which would be at 2790 which also lines up backtesting the channel, I will load up on shorts, maybe tomorrow 3/26?
Yorum:
Here's the 1929 Picture
Yorum:
IF this follows the same path, the first A down to B up would put the final target of SPX at $389 ish
Yorum:
Ok, backtesting the 2009 trendline and hit the 1929 fractal, now we should probably head to 1500
Don't speculate or listen to the news, it's all in the charts.