SPX possible fractal when your grandparents were young
I do not want to believe in it, but posting it anyway as public as I'd like to hear some thoughts. Feel free to ignore it.
Fractal picked based on similarities in FED's MACD curvature during the decade 1960's. Picked up dates from that and got the fractal from SPX chart from the same dates, downscaled to corrent situation...
If it plays even closely to how it is drawn, it would make a bear div (MACD) on SPX and make a new ATH in the process, from where it would drop to around 3375 (level before COVID lockdowns).
Many bears seem to expect an even larger drop (around 40-50%), but as FED does what it does, I doubt we'll see a dramatic drop. June will probably have some action, but I doubt it will be a total bloodshed.
These are just my personal thoughts so do not take them as financial advice. I'm a total noob!
Fractal picked based on similarities in FED's MACD curvature during the decade 1960's. Picked up dates from that and got the fractal from SPX chart from the same dates, downscaled to corrent situation...
If it plays even closely to how it is drawn, it would make a bear div (MACD) on SPX and make a new ATH in the process, from where it would drop to around 3375 (level before COVID lockdowns).
Many bears seem to expect an even larger drop (around 40-50%), but as FED does what it does, I doubt we'll see a dramatic drop. June will probably have some action, but I doubt it will be a total bloodshed.
These are just my personal thoughts so do not take them as financial advice. I'm a total noob!
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Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.