SPDR S&P 500 (SPY)

[DowDeva]

I’m not sure how the secular bear market will begin. If I were an expert Ewaver, which I’m not, I would probably put in a few x’s and w’s around there. There will be a cascade of course, more like several, but not at the beginning. At least, that’s where I am for now and it could change.

I am leaning towards flatlining by end of year, but people I respect are calling for 2200 by December.

I also think that by January 2023 we will meet 2200 or even 1800. The biggest cascade and last, will end at 250, but that’s a ways off.

Best regards.