E-Wave for the S&P 500 Index

[gdl]

The chart pattern on the DOW is spooky! DOUBLE TOP can be fulfilled within 2 weeks. 34450 is the target. if we break right thru than the pattern is destroyed and a Bull Market is likely from here. If we get a strong reaction at that level and fall hard from there we could be witnessing the big drop ahead. DOW is the easily defined chart symmetry. Bitcoin has been running in sync with other stock market indices. Till recently. It is at a precarious point and could fall over into a crash or hold and rebound strongly. ONLY 2 options.

I don't know the what or why such a drop will occur. i do know Inflation is far from dead and our 40 year addiction to disinflation will cause more trillion dollar debacles if we don't stay in a disinflation environment. had UNION participation been strong like in the 80's wages would already be much higher causing a vicious cycle. As it is there is still enough government workers that can cause the rest of economy to catch up to their wage hikes. WAGES! Watch that one data point carefully.