The stock market

zooming out to a weekly S&P chart for ya' all

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Post from my friend

the 58 day cycle down ends march 8-9. this is not an exact science

so the rally from spy 2126 to 4800. so fib .5 would be a normal retrace

so 1300 would be about fib .5

so 4800 - 1300 = 3500 spy end to bear market

the good news bear markets are fast and over quickly

look at the volume and candle size for covid and this is nowhere near
that.
the russian market fell 10pct yesterday and another 13pct today
much of the russian market is closed.

SO ANOTHER 6-7 HUNDRED S+P POINTS DOWN TO GO ACCORDING TO HIM

We shall see!!
getting close to that 3500
 
Wallstreet took a 9% haircut in September.....The fat lady hasn't sung yet

gonna scale back in on my long term accounts if October sucks as I expect...may not get THE bottom but I'll be buying ON SALE!
 
Pick tomorrow closing price direction, win a prize.

Yes...you heard that right. Choose if tomorrows 10/14 closing price on the S&P 500 will be
a: lower than
b: above

Today's closing price of 3669.89

Rules: Pick a or b before 11:59PM est on 10/13. Only 1 response per screen name allowed

Prize: First three correct responses below win a $25 visa egift card (will PM you) :)






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