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FederalXBT

SPX at a very important breakout pattern. 1927 repeat going Vert

Long
S&P 500 Index (SP:SPX)  
FederalXBT Updated   
SP:SPX   S&P 500 Index
Beyond Technical Analysis Fundamental Analysis Wedge SPDR S&P 500 ETF (SPY) SPX (S&P 500 Index) S&P 500 (SPX500) Stocks 1927 Contains image
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beyondta fundamental wedgepattern spy spx spx500 stocks 1927 containsimage

If this breaks to the upside people aren't going to comprehend what's happening.

Money Market Funds All Time High ☑

DXY strength start to revert (fall) ☑

Federal Reserve required to cut rates to save the treasury debt death spiral ☑

Inflation in the meantime (contained) ☑

Noticing FOMO from people in TradFi + Retail start to pick up ☑

Record number of ETF's launched ☑

"Nearly as many active ETFs launched from January 2022 through October (789) as the decade prior (810). Active ETF launches outnumbered index trackers 3 to 1 so far in 2023. The active ETF market has thrived in part because the shelves are fully stocked"

This is all setting up for the SPX to go vertical, all while people are preparing for a "recession".

Do i expect a crash as large as 1929? Yes. But it will be bailed out immediately if this plays out. So maybe similar to the covid crash.


Comment:
4,600 make it break it December.
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