$SPY TOP 20 - 10 YEAR PROJECTION -
Added 2024-05-15 16:34:22 +0000 UTCThis is a chart we have been using for a long time now to show the long term projection of the $SPY.
My Wave 1 (5) levels have not changed but the steep ascending triangle leading to the end of Q1 was giving us concern, with a host of other indicators, including tensions in the middle east and we started to prepare for an earlier pull back.
With Wave 5 making a new ATH today, we have to expect that this can push a little higher and like I said at the weekend, I don't see any more than 5-10% upside available here.
Wave 2 will come in whether we want to believe it or not.
The melt up is happening and the scenes this week of chasing ridiculous stocks are typically found in Wave 5....which is what happened in 2021 too before a 2 year downturn.
Buying heavy at the end of Wave 2 is generational wealth building and something I have been preparing for and will continue to do so and I hope many members will do the same too.
Comments
Any updates on this chart since it's now Dec 8 2024 and we are at $607?
Anil Samuel
2024-12-09 01:39:13 +0000 UTCHi there. Do you update these projections for all tickers that have invalidated the counts? Can you please post updates? Thanks!
SK27
2024-12-05 17:51:23 +0000 UTCthank you for the cahrt. this seems to me to be contrary to that of bitcoin. would this mean that bitcoin loses its connection to the risk assets and finally functions as a kind of digitized gold?
px
2024-05-16 11:41:13 +0000 UTCHowever notice the 0.618 is at 415 got wave (c) and for this long term chart 0.618 is at about 360. Hence wondering which will be the 0.618? As understand usually the correction is likely at 0.5 or 0.618 fib
Huat
2024-05-16 11:00:05 +0000 UTCVery clear thank you! Waiting for a correction to start a position. My intent is to buy regularly for the same amount. Does it matter if you add weekly or monthly? With regards to compounding interests.
Sofiane
2024-05-16 07:36:34 +0000 UTCThanks Gar. I am emotionally prepared for the pullback you talked about, but not so much for this larger primary wave pullback. :)
Thomas
2024-05-16 05:05:14 +0000 UTCNot a naive question, it’s a good question, this chart above is the scenario if the pull back is part of a larger Primary Wave. So we we prepared for the ‘worst’ case scenario We will be able to tell in the pull back when it starts, which correction it will be
Gareth Neary
2024-05-16 00:33:28 +0000 UTCThat’s correct
Gareth Neary
2024-05-16 00:30:44 +0000 UTCJust to confirm this coming correction ABC, wave (c) is point (2)?
Huat
2024-05-16 00:18:05 +0000 UTCI follow: I am about to start a position on this one, with a very slow dca.
Federico Salerno
2024-05-15 20:02:15 +0000 UTCThis is a naive one: the ABC we have been preparing for does not align with your Wave 2 target. What happens between C and this target?
Thomas
2024-05-15 17:16:04 +0000 UTC
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