7 YEAR CYCLIC BEHAVIOR OF FINANCIAL MELTDOWN (S&P 500) BASED ON HEBREW CALENDAR YEAR SHMITA
Current Shmita year started on 6th Sep 2021 and ended 25th Sep.
Financial markets usually touch bottoms after its end along with Chaos in the world economy. Since 7th year has ended therefore markets will touch deep bottom within next few months.
Prediction: Currently S&P 500 is at 3592 levels,
Expected bottom around 2600-2700 (0.78 Fib level of rally from covid Bottom).
Markets will not see reversal before Q3 of 2023.
We are in a bear market and it will continue to deep dive more!
Current Shmita year started on 6th Sep 2021 and ended 25th Sep.
Financial markets usually touch bottoms after its end along with Chaos in the world economy. Since 7th year has ended therefore markets will touch deep bottom within next few months.
Prediction: Currently S&P 500 is at 3592 levels,
Expected bottom around 2600-2700 (0.78 Fib level of rally from covid Bottom).
Markets will not see reversal before Q3 of 2023.
We are in a bear market and it will continue to deep dive more!