What’s up legends!
After a fairly tragic week last week thanks to Jerome Powells speech at the Jackson Hole Symposium, I thought I’d take a moment to share my thoughts on a potential recession. As couple of weeks ago I posted this message on my Facebook, which was met with mixed comments:
Since that post on August 18th, we know know that SPX has rejected that area that was circled on the right image, just as it did during ‘The Great Recession’ between 2007-2009. If we’re to follow the rules of the market maker method, we would now expect drop level two, meaning more downside to come, on a macro level.
Here is the SPX currently in comparison with the Great Recession of 2007-2009. The image on the left is the great recession; the image on the right is current price action.
Interestingly, NASDAQ is repeating almost the exact same thing. Once again, the image on the left is the great recession and the image on the right is current price action.
But here’s the thing…. we know that history doesn’t repeat, it rhymes. If history were to repeat, that would mean level three will be the most dramatic of
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5 Responses
@Anni,
You do the strangest things on a holiday, we usually lounge on beaches and get spoiled rotten, you crank out little diamonds like this… 😂👌. Awesome article though, and very interesting take on the macro vs micro. I am starting to “bottom-feed” but am still expecting considerable more downside for a while as i am fairly sure the housing market is going to get hit pretty bad, especially in US & EU with EU having a dramatic energy-drama looming this winter. But, i agree, i do not think we have another 50-70% drop to go. Thx for these insights, it’s astonishing how much value you create and very happy to be part of the TTC capital club Fam. ❤️👌
Amazing insight and food for thought as always Annii. Thank you.
Great work as usual, thanks Annii!
this is awesome Annii! Good insight! Thanks
Very insightful article. Thank you Annii x