Showing posts with label collapse. Show all posts
Showing posts with label collapse. Show all posts

Tuesday, March 28, 2017

Late April to complete the bearish wedge

SPX 2322 was about a 24.8% retrace of the leg from 2083 to ~2401 on the S&P 500, enough for a wave 4, which, if completed, is drawing a very bearish wedge up here in the ether.



This week we need to reach resistance at 2390 SPX on Thursday and chop around for another week, back to support, setting up an inverse head & shoulders for the final high.

SPX 30d

Again, once our situation is obvious to all the players, equity markets will quickly go bidless and collapse in a matter of weeks.  Desperate doomed pension funds will pump up the volume.

SPX 2Y