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S&P 500 Top Likely At 4450, Get Ready For The Bear Market Phase 2

Seekingalpha2023-06-24

The recent bear market rally in the S&P 500 (SP500) likely peaked at 4450 intraday on June 16th. There are two good reasons why I think the top is likely in, and that Phase 2 of the bear market is ...

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  • DJ90
    ·2023-06-25
    According to weekly charts we are at the top of a new bearish wave. He may be wrong about the exact point, but we know it's not all roses. Goldman is one of the big 5 banks, they are a part of the fed reserve bank. So we know they aren't to be trusted. Especially if you aren't part of the elite club. The old phrase goes "Buy the rumour, sell the news." Well all the news has been that we are in 'an official bull market.'  Buffet always says be fearful when everyone is greedy. All bulls are now sounding greedy... be fearful. Look at all the non megacap ai firms, few are making money. (Like top ai picks in the asx like appen and brainchip) The megacap are profiting off of ai because of their base in more traditional tech.
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  • JNPJEREMY
    ·2023-06-25
    A blow off top is coming that will reach all time high. This is just a pull back. Mark my words and get ready for it. After that will be a deep recession. 
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  • Danielng
    ·2023-06-24
    LOL. Waste my time. It's officially a BULL market. Denial in its fullest glory by saying this is a bear market rally. Deillusional bears.
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  • Bensonhyk
    ·2023-06-24
    This bearish view cannot be trusted or predicted and is just pure speculation. hold great tech companies and stay cautiously bullish on s&p500 the bears have been wrong so far. price action is buliish n we having a pull back
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