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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: POKERSAM who wrote (170957)	4/5/2022 10:26:15 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 221957

It's certainly not out of the realm of possibility, especially considering the lunatic actions of the FED... Record high margin debt and rising rates surely don't mix... Frankly, I would love to see the SP down around 2200, can you imagine the incredible buying opportunity that would offer??? It would be the buy of a life time, the rally back up would be something to behold!!! GZ

To: POKERSAM who wrote (170957)	4/5/2022 11:10:39 PM
From: northam	3 Recommendations Recommended By da_spot rayrohn yard_man Read Replies (2) \| Respond to of 221957

I don't see a path to 2200. To get down to 2200 we would have to confirm a Yearly Bear Cycle (Y-S-1), projected low 2377.92, the earliest a Yearly Bear Cycle can be confirmed is 12/31/2023. The current Yearly Extended Bull Cycle (Y-E-2) has a projected high of 10331.27, the high is due 12/31/2034. For the Yearly Bear Cycle to get confirmed the SPX will have to open 2023 below 3214.30 and remain below that level until 12/31/2023 To get to 3214 we would need a Monthly Extended Bear Cycle (M-E-1), it takes 7 months to get a M-E-1 confirmed, right now the earliest a Monthly Bear Cycle can be confirmed is at the close on 5/31/2022, for that to happen the Monthly will have to open 5/2/2022 below 4529.18 and remain below that level until the close on 5/31/2022. To get a Quarterly Bear Cycle the SPX will have to drop below 4114 by 7/1/2022 and remain below that level until the close on 9/30/2022, the Quarterly Short Bear Cycle (Q-S-1) projected low is 3812.51, the low will be due 12/31/22. Right now the Quarterly is above it's EMA 3 at 4510.61, which is strong Bull territory. Right now my Bear Cycles are showing a possible low of 4278.95 by the middle of May, on the Bull side there is the possibility of 5000 by July. I'm expecting a Quarterly Bear Cycle (Q-S-1) around the 2nd Quarter of 2023, with a projected low of around 4000. Then the next Quarterly Bull Cycle could take the SPX to 10,000 by 2034. Bottom line: I doubt you see 2200 in your lifetime.