SPX which levels to aim for and projection based on 70's action

31 ביולי 2022

Based on the current breadth moves, it is highly likely that the bear market has ended. However, it is highly unlikely that the price will continue rising for many years to come considering the projected persistent inflation by economists like Roubini and El-Erian. Based on the similarities between today's price action and the 70's this idea is based on the assumption that we are currently in the process of making a multi year top before resumption of the secular bull trend. More information is on the chart. Good Luck.