Nobody except for Mr. Nobody himself has noticed that SPX has telegraphed as of June 16th,
2022 that she is following the script of the Great Depression and not the Financial Crisis of 2008 w.r.t. the Retracement Grid.
See for yourselves how beautiful this piece of knowledge makes our trading. We now know where to take profits for the entire leg down to wherever. The southbound train will stop for considerable time at each major station soutbound and at each of such stops the public on the train will experience yet another Bear market rally.
Then the train continues south ................
What am I talking about?
Great Depression SPX low = 4.4
2022 top for SPX = 4,818.62
Now draw your grid and then observe how SPX has thus far this year since the crash started generated 2 railway stations already, 4116 @ 23.6% retracement and 3684 @ 23.6% retracement level resply - what do both railway stations have in common? They show
countless elitetraders cheering and dancing and prancing that the BEAR market is over and that a bottom is in.
When SPX 3684 (23.6%) level gets taken out to the downside their agony will resume and they will remain quiet in terror as SPX goes tot he next station at 2982 (38.2%). Then they will party again with the BEAR is over, bottom is in call.
Entire rally off the June 16th, 2022 low is a bear market rally that derives its power from the energy resident within the 23.6% monster support - sort of like food and drink to sustain.
2022 that she is following the script of the Great Depression and not the Financial Crisis of 2008 w.r.t. the Retracement Grid.
See for yourselves how beautiful this piece of knowledge makes our trading. We now know where to take profits for the entire leg down to wherever. The southbound train will stop for considerable time at each major station soutbound and at each of such stops the public on the train will experience yet another Bear market rally.
Then the train continues south ................
What am I talking about?
Great Depression SPX low = 4.4
2022 top for SPX = 4,818.62
Now draw your grid and then observe how SPX has thus far this year since the crash started generated 2 railway stations already, 4116 @ 23.6% retracement and 3684 @ 23.6% retracement level resply - what do both railway stations have in common? They show
countless elitetraders cheering and dancing and prancing that the BEAR market is over and that a bottom is in.
When SPX 3684 (23.6%) level gets taken out to the downside their agony will resume and they will remain quiet in terror as SPX goes tot he next station at 2982 (38.2%). Then they will party again with the BEAR is over, bottom is in call.
Entire rally off the June 16th, 2022 low is a bear market rally that derives its power from the energy resident within the 23.6% monster support - sort of like food and drink to sustain.
