SPX MOTHER FORK TARGET 2k in circa 18 months
NOT TRADING ADVICE
I believe this to be THE pitchfork of the third industrial revolution
And it looks like we're ready to usher in the fourth
This is an Andrews Pitchfork off the major pivots from the bear moves on the index over the last half century
I have also added some fib targets to the above major target
G.R.I. Dec '21
CaTALySTs!!!!!!!!! i hear bulls cry...
PEAK DEBT
For one dollar of debt in the U.S we boost GDP by a quarter; hence why banks aren't lending and fuelling the mother of all asset bubbles
PEAK GROWTH
You can't grow your way out of peak debt you can only degrow out of it
Welcome To The New World
Problem: Debt subsuming growth
Reaction: Inflation and a climate emergency; global pandemic
Solution: Degrowth
I believe this to be THE pitchfork of the third industrial revolution
And it looks like we're ready to usher in the fourth
This is an Andrews Pitchfork off the major pivots from the bear moves on the index over the last half century
I have also added some fib targets to the above major target
G.R.I. Dec '21
CaTALySTs!!!!!!!!! i hear bulls cry...
PEAK DEBT
For one dollar of debt in the U.S we boost GDP by a quarter; hence why banks aren't lending and fuelling the mother of all asset bubbles
PEAK GROWTH
You can't grow your way out of peak debt you can only degrow out of it
Welcome To The New World
Problem: Debt subsuming growth
Reaction: Inflation and a climate emergency; global pandemic
Solution: Degrowth
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Fib targets
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I have added the fractal from the last bear which suggests a more gentle drop, but timing is always tricky of course
