To me, it looks like SPX is going to retest the pre-covid highs. Major stocks will fall through their current floors....cheap buying opportunities are on the horizon
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Update: I still think the SPX looks like a steaming hot pile of shit. My guess is 3300 in the next 2 months注释
One Month later. Things look pretty much the same. I'd give the collapse another 60 ish days...could take longer but we'll see注释
This chart is nearly invalidated. Insanely strong move from the SPX over the past 45 days. Recession over? No Depression?
I'm still sitting in mostly cash. Could be sidelined for a while but no market moves in a straight line.
Let's see where this market finds support during its next correction
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