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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (75157)	12/23/2022 10:08:25 AM
From: Qone0	Respond to of 97815

2450

To: Jacob Snyder who wrote (75157)	12/23/2022 11:53:01 AM
From: RAVINASA	1 Recommendation Recommended By Mevis Respond to of 97815

2191-2346

To: Jacob Snyder who wrote (75157)	12/23/2022 2:49:41 PM
From: catou1	3 Recommendations Recommended By Lou Weed The Ox towerdog Read Replies (2) \| Respond to of 97815

SPX= 3195 I don't believe in long term analyses or `predictions', too many events could happen. I use long term charts for support and resistance. I will share my 2 weekly charts SPX and QQQ that I draw few months ago. SPX could retrace to .618 ( 3195) where there is a support line. If break down then 2020 March low will be the next target because that's the crab target :) . So, for 2023 I think 3195 could be the bottom. QQQ weekly chart, I see a Head and shoulders. I don't know if it's a perfect one, Ajtj could confirm. The target is 222-225. Below that, I think it could complete the crab to 125.

To: Jacob Snyder who wrote (75157)	12/23/2022 7:27:55 PM
From: Sendme	3 Recommendations Recommended By skier31 The Ox towerdog Respond to of 97815

3213 Feb 13th 2023

To: Jacob Snyder who wrote (75157)	12/29/2022 1:15:27 PM
From: Jacob Snyder	1 Recommendation Recommended By ajtj99 Read Replies (1) \| Respond to of 97815

Another guess for SPX low in 2023: 2940 seekingalpha.com I expect a lot of earnings resets in Q1 and Q2. My forecast is the full year coming in closer to $210, than 5.8% higher around 240, that analysts on aggregate ( FactSet) are forecasting... At some point, probably around 3000 on the S&P 500, we see the Fed start to pivot towards financing debts versus controlling inflation, which is hopefully subdued by then…. here's what I see in 2023: A Fed pause on raising rates sometime in Q2 or Q3.QT carrying on until, at least, September or Q4.Tightening financial conditions into autumn.GDP likely to be negative in Q1 and under 2% for full year.Unemployment staying under 5% (giving cover). After the low: There will be a few catalysts for a new bull market. The first will be the Federal Reserve backing off of its hawkishness. Again, I see that in Q3 or Q4. The stock market will anticipate a lovey-dovey Fed once we have been in our panic room for a little while. This is why I do not see a significantly down year, even though I see a new bottom being put in. Here's why the Fed will back off, and it's directly related to the macroeconomics discussion above: Russian energy becomes less important over time.China has to produce to keep their masses happy and make a buck.Employment is tight almost everywhere.