SPX: Massive Distribution Post Parabolic Move.

19 апр. 2022 г.

The carnage is far from over. From a technical perspective, the weekly on SPX appears to be giving us a massive diamond top. The fundamental backdrop isn't pretty either, with inflation being massively understated. The fed will eventually have to drop the hammer, creating panic within equities. Without involving fundamentals, look how similar this distribution pattern is to the top in 2008.