The Higher you get the Stronger the Fall?

Looking at the Monthly timeframe, we can see that the S&P 500 has been respecting this ascending channel for over a century, and each time it reached one of these two trendlines a strong correction occurred. Also, after finishing 5 waves up, we definitely expect a correction, and with everything that is happening in the world right now, I think that we may experience a crash that will be far worse than the Great Depression.

As I said before in my previous post on US30, it is still unclear what is going to be the main catalyst that will cause this event to happen. We started to see new Coronavirus strains in India and South Africa that might cause fear in the markets since studies found that vaccines are no longer effective against these new Coronavirus strains causing renewed global lockdowns. Moreover, the possibility of the Federal Reserve raising interest rates sooner than expected can also crash the markets since inflation is starting to kick in. Do not wait until it is too late, leave the party early.