We’re not just in the final stretch of the rally from 2022, but from 2009 (!!). The $SPX is on its last leg, heading for 5850-6000. After that? The fall begins.
Once the ABC pattern completes from 08/05, it’s game over. A multi-year bear market looms — we could see the collapse start by the end of the month or around election time!
As long as we stay below 6118.34, the downside is unavoidable. Get ready for a market reset.
$SPY $ES_F $NQ_F $QQQ $NDX
@gurgavin In 2007, they cut within 2.5% of ATH. A year later we were only halfway to the bottom at 20% down.
Classic cherry picking. JPM knows it needs bag holders
The buying opportunity after this September and maybe into October dip will be massive for the Nov/Dec ramp.
Then we short it there again as I think next year will be a repeat of 2022