SPY: This Chart Will Make You Freak Out And Rethink Everything

Published 12/21/2016, 12:51 AM
Updated 05/14/2017, 06:45 AM
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SPY
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I spend a majority of every waking hour studying the stock charts. I came across this insanity just by being curious. This makes me fear for 2017 and the next few years. I expect the next major stock market collapse to begin in 2017. Let me explain, basically, if you take the late 1990's tech bubble move on the SPY and add it to the 2003-2007 real estate bubble move in the SPY you get a total net move of $163.25. Now speed ahead to the 2009 lows in the SPDR S&P 500 (NYSE:SPY). From the 2009 lows to current highs, the SPY has moved $161.00 points. If my calculations are correct, the SPY will likely top out into the end of 2016 by moving up another $2.25. This would mean the tech bubble move + the real estate bubble would equal the exact move from 2009 to the coming highs on the SPY at $231.00. This tells of a dark scary collapse coming with a downside target of $156-$157.50. I am extremely bearish for 2017.

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