FA: Don't fight the fed. The 2022 midterm elections is just around the corner. Now is the best time for Fed and wall street to save the stock market from crash.
TA: SPY has reached around 380 as we predicted before. The next step is surely to see if there is a strong bounce. After I checked the crash pattern and SPY price deviation in history, I have a hunch that SPY has bottomed. The best scenario I can see is that SPY can reach new all-time high in the middle of September, 2022. Please refer to the yellow bar patterns.
TA: SPY has reached around 380 as we predicted before. The next step is surely to see if there is a strong bounce. After I checked the crash pattern and SPY price deviation in history, I have a hunch that SPY has bottomed. The best scenario I can see is that SPY can reach new all-time high in the middle of September, 2022. Please refer to the yellow bar patterns.
Comment:
Previous scenario has become invalid. Lower low is coming. Will update after market closes.