S&P 500 IndexShort
SPX - 2 big fractals matching!
So this hasn't happened before. SPX has been moving in a similar way to 2000 and 2008 drop - and we can see that the tops and bottoms of the 2000's fractal ( orange ) are matching - we are in the process of creating a local double top - just like in 2000 - just before the drop.
To confirm his - I realized SPX has been forming another really "popular" move, which is 2021's Bitcoin Double top (red). This one also marks a top and then a long way down.
Watchout for 4100-4130 - very likely this will be the top you want to short.
To confirm his - I realized SPX has been forming another really "popular" move, which is 2021's Bitcoin Double top (red). This one also marks a top and then a long way down.
Watchout for 4100-4130 - very likely this will be the top you want to short.
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.