SPX Larger degree fractals comparison
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Next months is the first month for potential downside reversal based on my prop cyclical indicators as bulls are running out of time and space
Nota
Very key close today as many indexes turned their daily trends down. NegativeNota
This is the near term bear case vs the 2014/2015 temporary bull case into summer. Fed meeting next months and likely BOJ potential actions in April likely to decide which oneNota
SPX could go worst case 2800/2900 using simple symmetry to the previous 2 bear legs since the startNota
The micro fractal analog for this one is the Nov 22, 2021 to Dec 3, 2021Nota
3860s very likely to be tested pretty soon. How SPX reacts there likely the key for this market to decline swiftly or more upside into summer before a larger declineNota
JP has testimony today/tomorrow so lets see what happensNota
And the 3860 was tagged as I expectedNota
SPX closes the week at 3862...no coincidenceNota
Liquidity spigots slowly turning up, seems panic sets in the hearts of CBs yet againNota
After the liquidity spigots reopened, it was clear the structure changed. Currently, the macro fractal likely resembles 1973 with microfractal of 2019 with the triangle in the middle
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