Chart Patterns and TA

[gdl]

SP500 -Top Timeline narrowed.

Mid-February to Mid-March a TOP should be seen. Odds of it being THE TOP is 50/50 today. If not final move another year could push this sucker to early 2023.

Dollar is the ONLY segment that has a steady firm handle on trend line. When time comes there should be a big spike between 100 and 104 yet again.

Interesting to see the FED hold back on rate hikes and only push out a poultry quarter percent each time. the next 2 months of data is going to be frighteningly clear that covid once again caused yet another spike in inflation. Not sure if the street already factored in covid but i suspect it will NOT cause major damage till end of that 2 month period. Perhaps data reflecting longer more sustained inflation will be seen and panic will result. Don't know what or when that happens but is the likely scenario for a crash.