Tentatively called the bottom at SP500 1700

H

Hunter2020

2008 China hosts Olympics. Stock market dies to 666 a few months later.
2022 China hosts Olympics 6 months earlier than 2008. Stock market begins to die then bottoms out in the Fall/Winter 2022/2023.

China hosting the Olympics is the worlds biggest geopolitical event. Mr. Market always tries to take advantage of it. From the trader who predicted the bottom of the 2020 Covid market crash to within 5% acuraccy... He's back telling you market will tentavively bottom out at 1700 from a high of 4800. Being such an excellent crystall ball gazer, he doesnt really care what that number is. Can sniff out the bottom again within 5% acuraccy if and when it happens later this year/early next year.

What skill does he use? Why simply looking at SP500 daily chart with over 10+ years accrued experience...
 
1700 would be about right if the Fed has its hands tied by inflation and cant come charging in to save the market. The market would be ruled by extreme fear until all the weak hands capitulated.

But if the Fed can come in and save the day then i don't think it will get that low. Maybe 2400, 50% crash at most. If it does get that low, it will be another fast recovery. Wont stay below 3000 for long.

Nasdaq could lose more than 50% though.
 
Last edited:
Millionaire said:
1700 would be about right if the Fed has its hands tied by inflation and cant come charging in to save the market.

But if the Fed can save the day then i don't think it will get that low. Maybe 2400, 50% crash at most. And it will be another fast recovery. Wont stay below 3000 for long.

Nasdaq could lose more than 50% though.
More...

A 50% crash would be a perfect Fibonacci crash. So no I dont see THAT happenning. Anyways 1700 is only a ballpark figure. The funny thing is I will catch the bottom within 5% again no matter how market tries to weasel out. Ive developed Jedi Knight level market 6th sense but only wrt to the SP500 index btw!
 
Hunter2020 said:
A 50% crash would be a perfect Fibonacci crash. So no I dont see THAT happenning. Anyways 1700 is only a ballpark figure. The funny thing is I will catch the bottom within 5% again no matter how market tries to weasel out. Ive developed Jedi Knight level market 6th sense but only wrt to the SP500 index btw!
More...

The big mutuals funds (and the rest of the PPT) will come in to defend the S&P 500 at 50% down. If the know the Fed put is back. Massive buy orders will come into the market for sure.
 
Last edited:
The S&P500 level depends on what alternatives are available. When CDs paid 0.4% and 10 year treasury was 0.6%, there's not really an alternative investment and the S&P goes to 4800. When 10 year is at 3%, it's a bit lower. When it's at 7-10%, then it a lot lower.
 
Hunter2020 said:
The market rarely stops at such perfect numbers as 50%...
More...

The 2002 crash saw the S&P fall 51% from ATH, which is close enough. And actually better than exactly 50% as any of your resting buy orders at -50% down would of got filled for sure.
 
Millionaire said:
The 2002 crash saw the S&P fall 51% from ATH, which is close enough. And actually better than exactly 50% as any of your resting buy orders at -50% down would of got filled for sure.
More...
And it shows institutional support at the level. Algo's fire off at the same levels over and over for those who pay attention.
 
You must log in or register to reply here.
Back
Top