At the moment we are in R -> S move, according to the analysis visible on the picture, I predict that S&P500 will go down after approaching $3k per share.
Subsequently, the market will enter a strong downward move S -> T
The pattern of the analysis remains the same as I published on Feb 13th 2018, however, the size of peaks has shrunk.
I believe "sell" signal will happen as FED will cut interest rates in 2019.
Moreover, unemployment is at a record low, which will get changed soon as in case of previous recessions:
www.macrotrends.net/...al-unemployment-rate
Subsequently, the market will enter a strong downward move S -> T
The pattern of the analysis remains the same as I published on Feb 13th 2018, however, the size of peaks has shrunk.
I believe "sell" signal will happen as FED will cut interest rates in 2019.
Moreover, unemployment is at a record low, which will get changed soon as in case of previous recessions:
www.macrotrends.net/...al-unemployment-rate
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There will be more downward movement soon, in the same time XAUUSD will go up!
Good luck everyone!
Good luck everyone!
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So far my analysis is correct, I believe downside more will happen slowly, it will be gentle but painful depression.
In the same time, XAUUSD and XAGUSD will keep going up, very high, expecting ~$8500/oz for gold and $160/oz for silver.
In the same time, XAUUSD and XAGUSD will keep going up, very high, expecting ~$8500/oz for gold and $160/oz for silver.
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