Through many technical analysis I have determined that a crash is incoming and I believe it to be imminent. I only use public scrips and chart reading in my analysis. This all depends on spx dropping below 3920 before I commit to this statement.
S&P formed a head and shoulders while bulls are overextended. So stocks had some downward momentum and then I mentioned if any bad news say the fed was Hawkish... which he was...stocks would drop.... which they have... I think this can go much lower now... If it drops below 392 I think the bull case is over. Note: I had posted this yesterday before the drop today...
I have determined these area using Fibonacci and others technical. I believe wave 3 down in the bear market is beginning and could hit one of the targeted areas when all said and done. I used pitchforks to help indicate possible time frames. I used only public indicators to show the market is ready to go down more.
I expect VIX to go up from here.. could it have a big jump if stock market has big down move which my other ideas show I believe could be immanent.
Oil is going to be driven by the weekly higher soon if not now. The lower timeframes want oil to go down but the weekly maybe the driver. I think stocks are going down but oil will go up.
4hr chart shows gold is at top of buy cycle on 4hr chart and ready to head down. I also believe stocks are ready to head down so gold will follow stocks.
My oversold at bottom on 4hr chart says dollar ready to head higher. The weekly also says it’s ready for a big DXY bull run.