The corrective uptrend that began in April 2020 is ending, and the final new low is due this year. Expect the move of type "big A, small BC": a crash in spring and some follow-up in summer and autumn.
I think we will test the levels below 10, and this will end a very large wave A that began in 2008. The EUR should hit its final lows at around 0.88 and SPX will crash to below 1800 at the same time.
Once the downtrend in Crude is over, we should see a very health uptrend in wave B starting 2022, which may last quite a few years and will be driven by the weakness of the dollar.
The lows that we will see this year in Crude will give us a glimpse of what's coming later, towards 2030 in wave C. The EUR at 0.50, Crude at single digits not just momentarily but for years, and SPX deep below 1000 should be the final destination of where the bear market would be going.
I think we will test the levels below 10, and this will end a very large wave A that began in 2008. The EUR should hit its final lows at around 0.88 and SPX will crash to below 1800 at the same time.
Once the downtrend in Crude is over, we should see a very health uptrend in wave B starting 2022, which may last quite a few years and will be driven by the weakness of the dollar.
The lows that we will see this year in Crude will give us a glimpse of what's coming later, towards 2030 in wave C. The EUR at 0.50, Crude at single digits not just momentarily but for years, and SPX deep below 1000 should be the final destination of where the bear market would be going.
