S&P 500 Macro Outlook (2022-2024 Forecasted Targets/Tops/Bottom)
Updated
3950-4K micro-target followed by the melt-up rally.
Linear top: 5325 [H2 '22 target]
Log top: (Separate post): 6000 [2023 target]
Extension linear top: 6500 [Q1 '24 target *latest*]
60-80% Bear Market follows;
Target 1: 2150
Target 2: 1555
End of Bear Market: Q3/Q4 2024 due to QE5/6, aka Infinite easing.
P.S. Disregard target 3 on the chart; Depression isn't expected this decade.
Linear top: 5325 [H2 '22 target]
Log top: (Separate post): 6000 [2023 target]
Extension linear top: 6500 [Q1 '24 target *latest*]
60-80% Bear Market follows;
Target 1: 2150
Target 2: 1555
End of Bear Market: Q3/Q4 2024 due to QE5/6, aka Infinite easing.
P.S. Disregard target 3 on the chart; Depression isn't expected this decade.
Note
Bullish monthly engulfing candle closing above 5350 means the log/extension targets are at play!Note
Micro target correction is in progress! Final top H2 '23.Note
Disclaimer: Extension of the micro-target puts us at 3555 (worst-case / VIX 48-49.5)Note
Lengthened time-frame once again, but the bull thesis is intact. 5th wave is in progress.Note
Linear top achieved and forecasted 2+ years ago!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.