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Frank Tabbert commented on Questions to ask at the PDAC
More pain ahead as we complete the Three Peaks and Domed House analog. Hedge accordingly.
Alternatively, I can see the S&P flirting with 1100 before the Fed intervening.
I should also note the last analog was courtesy of ETF-Corner.com and featured on Slopeofhope.com
Without intervention or hinting that it's coming (from the Fed) I can see the S&P flirting with 1100 before October - confirming a new bear market.
Another anolog which further confirms the 3 peaks and domed house analog
Here we go... next target between 1200-1220.
Also possible we bounce off the 200dma at 1280 to around 1330 ish before we get to point 28 on the analog.
Seems possible given the velocity of this drop, the spx may get a reaction high next week.
unless the Fed steps in
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