Investors are on high alert as a critical chart indicates the possibility of a significant downturn on the S&P 500, with historical precedent suggesting a 50% decline if certain thresholds are breached.
If this chart falls below the small green circle, history tells us to expect a 50% drop on the #SPX. It makes a lot of sense to be prepared for what would come next #Gold #Silver #preciousmetals #Inflation #Commodities https://t.co/mi7SMFTbaI pic.twitter.com/vxrqGFW6Qr
— Northstar (@NorthstarCharts) April 17, 2024
If you flip it the other way (SPX/Gold), you can see it's breaking down already 👍 pic.twitter.com/PMgZ5SD6Me
— Northstar (@NorthstarCharts) April 17, 2024
If that continues in the next months and markets rule out even more cuts then it may trigger a notable drop in stocks.
Remember, corrections are a common thing in markets and occur at least once a year on average.
This creates buy opportunities.
10/10https://t.co/TnkRsXCU5y— Global Markets Investor (@GlobalMktObserv) April 17, 2024
In this environment, which appears chronically vulnerable to shocks, investors have come to expect constant central bank bailouts, a morally hazardous inducement to more risk-taking and debt accumulation
https://archive.is/20240416132028/https://www.ft.com/content/0b78c68b-c65c-4080-b779-17041c290eaa