[SPX] Prepare for the Reckoning! June is Gonna Be Ugly.
Looks like a triple top short setup. Fundamentals point to a small crash in June and that will likely trigger programmatic selloffs that crash this beast.
Institutional investors are expecting a crash by a wide margin while retail investors are FOMOing at the mouth. We won't be back here for another year at least.
Green lines are support but decent chance it'll plumb new lows for a few days at least. Fed and vaccine hype can't keep this thing afloat forever on it's own.
Institutional investors are expecting a crash by a wide margin while retail investors are FOMOing at the mouth. We won't be back here for another year at least.
Green lines are support but decent chance it'll plumb new lows for a few days at least. Fed and vaccine hype can't keep this thing afloat forever on it's own.
Note
Just checking in on my irrelevant red line...Note
We're getting close!Right time for some deeper analysis:
![[SPX] Crash Imminent... Steady... Steady... DROP!](https://s3.tradingview.com/x/xplJlWeP_mid.png)
Data analyst with a passion for best fit lines B)
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Data analyst with a passion for best fit lines B)
Related publications
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.