The trend is your friend...

SP:SPX   S&P 500 Index
The trend is your friend, until it bends.

I propose investors should consider the risk that we're at the end of a major bull market that has spanned at least 30 years and we'd be due to enter into a net bear market of not less than 5 years.

The crashes of 2000 and 2008 being only the flat correction of Elliot wave 2.

Our "Roaring 2000s" rally from 2018 being the strong wave 3.

All of the chop and false breakouts of 2018 - 2020 being our big messy wave 4.

The parabolic run into a new high in 2021 and the entry of lots of new people to the market being our wave 5.

And now, the crash creeps in. We're into the start of the A leg. Soon the more subtle nature of this sell off will turn into a more obvious crash.


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