This is the S&P with the FIB channels in it. You can see that the multi-year (dotted) support line is broken and the chart looks for new support lines. New support lines are drawn in the orange that the S & P will test.
You see 2 targets. The highest is drawn on the basis of the FIB Channel. See also my other idea regarding S & P with the Elliot wave. It also has the top target area.
In addition, there is an emergency area a target. The value is going into this area when banks are in serious trouble or when a FIAT crisis is imminent.
Fundamentals are bad. We see that the economy is built up of debt. That economic growth is artificially achieved (printing money). Interest rates are already very low, so the FED's options are minimal to give the economy a new boost.
It can be very difficult years.
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You see 2 targets. The highest is drawn on the basis of the FIB Channel. See also my other idea regarding S & P with the Elliot wave. It also has the top target area.
In addition, there is an emergency area a target. The value is going into this area when banks are in serious trouble or when a FIAT crisis is imminent.
Fundamentals are bad. We see that the economy is built up of debt. That economic growth is artificially achieved (printing money). Interest rates are already very low, so the FED's options are minimal to give the economy a new boost.
It can be very difficult years.
If you appreciate this idea please leave a like, and if you want more of my ideas hit the follow button.
Thanks for reading!
:)