E-Wave for the S&P 500 Index

[gdl]

Even RCKS must be BULLISH here! it seems reality is only what the market tells you it is. that's why we get crashes. A slew of hedge funds screaming the sky is falling and declared this coming drop will rival the Great Depression. i happen to agree! Earning by anyone's standards is dismal and revisions continue sideways or downwards. The Goldilocks scenario is popular now. Too bad the data already in on Chinas reopening was an EYE OPENER. It seals our fate on Inflation. Commodities should spike first followed by everything else. DEMAND will surge in the country that is equal to ours in strength.

FACT: 40 years of disinflation has produced huge boom/bust scenarios on low costs, low rates, and a long period of disinflation. The indebtedness of the world will be seen soon. When China's reopening shows continued spike in demand and inflation there will be a huge debt repercussion.

Disinflation is a cyclical phenomena as is inflation. no such thing as intervention. 4250 on SPX should be a given. I suspect it happens fast. Anywhere between 4250 and 4400 will be the crash zone. Watch China's data points. it will foretell our fate. WHEN the street realizes this is another matter. All i know is 2023 will end over 50% lower than the peak. It will be a rolling crash and last many years with a decade or more of bottom feeding.

This is the most monumental period in our short history. Be prepared. Think I am over reacting? Will know soon enough.