Beginning of the month my measured move vector gave me a $4141 target for $SPX mid-April Well, mid-April is here and the prediction played out in the most space-time continuum matrix like way. /ES hits an all time high of 4144 on 4/14 at 4:14am Hawaii-Standard Time. ONE BIG COINCIDINK
I’ll do you one better. the last time the market made an all time low (3/6/2009 @ 666), and this current bull market that we’ve been in ever since started the forever Brownian motion positive drift upwards about 4,144 days ago.
this synchronicity (in sync chronologically) has a financial market term = equilibrium price = time time = price time is also synthetic vol or better yet price + time = value (equilibrium) the old adage, “time is money” rings a bell.
sadly, I don’t think the market will crash off a non-event. COVID was your crash. Now we meander for a few more years, drifting up. Unless this up move continues it’s parabolic momentum it’s currently in. Look at a weekly chart of $SPX. Price is forming the convex curve within the right side of a circle. The faster prices go up = harder they crash (87’, 97’). but no, sorry I don’t think the market will crash. Last month the SPX had the most volume it’s had since the Feb COVID crash, and it was bullish.
%% Strange ; GE did much worse on the downside=$6.66 Chart still looks bad , but i dont like that chart pattern anyway............................................................................