Im calling it. Today is the beginning of a 7 year downtrend on the SPY (which is gonna take everything down with it). With it the dollar index is going to rise. I will post more and more charts backing this up. SPY will distribute till begin 2022ish. Then drop until 2030. Its the market Mega cycle. Weve had the accumulation and mark up phase. Prepare for mark down and distribution. With a rejection on the 7 year channel and a backtest of resistance of the ascending triangle. I mark this day. Lets short
Hysterical. Do you believe what you say.. if you do, nevermind.
CptWORLD
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@CJS04 i believe it could be true, not saying it is tho haha. im just finding alot of things adding up and sharing my thoughts. remember this gann quote: "anyone can do the job when things are going right. in this business we play for keeps". things have happened in the past, and they sure can happen again.
fantasyste
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@CptWORLD, LOL can't wait when the infastructure bill gonna be approved and bears like you gonna be crashed ;) This was a nice bear trap. Mark this comment.
@CJS04 adding to that, look at my previous shared charts and u will find most are correct 🤷♂️
CJS04
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@CptWORLD, with everyone playing the market these days... apps on phones that allow people to exit or enter while driving down the road with free commissions... The market will drop, no question about it but there is no 7 year downtrends these days. That was the 1920s and 1970s and everything has changed since then including the government interaction and how the market is done.
mbringaz
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@CJS04, but who are the sellers that would make the market drop? Are these institutions/hedge funds? Trying to understand the dynamics of the market
fantasyste
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@mbringaz, nobody is selling with 1 TRILLION incoming dudes. You are out of this world. @CJS04 agree?