2025 will be apart of a historic collapse, as $.SPX(.SPX)$ is primed to see a multi-year bear market declining 40-60%.
Expect a new high in the upcoming weeks, but that will be a bull trap marking the top of a 16-year rally.
A break below the [W2]/[W4] trendline would confirm such.
SPX failed to hold support - now favoring a modest new low to 5805 to complete the Wave B correction.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2503(NQmain)$
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Comments
https://fred.stlouisfed.org/series/BOGZ1FL263092141A
I could use crayons and draw lines to prove this chart is the most bullish year for S&P as well.
Nonsense post. Just out to trigger ppl. User name checks out.