A Substantial Correction In Stock Prices Is Likely Coming Soon

Jun. 17, 2024 4:26 PM ETS&P 500 Index (SP500), DJI, NDX, SPX, , , , , , , , , , , , 89 Comments
BullBear Trading
1.94K Followers
(19min)

Summary

  • I see an anticipated long-term B-wave high followed by C-wave correction in a larger scale sideways pattern, with a potential -25% decline for the Dow.
  • Predictions of a world-changing technology revolution led by AI and robotics, shifting to Intelligence Economics, are causing disruptions in stock pricing.
  • There's a fundamental shift from Capital to Debt Monetarism leading to economic dislocations and a paradigm shift, with the potential for a significant bearish phase for stocks.

Bear Market

DNY59

In my last report, I indicated that I was expecting a long-term B-wave high, followed by a C-wave correction in a larger-scale sideways pattern. This seems to be playing out, though in a rather disjointed fashion. The broader indices have clearly seen some

This article was written by

1.94K Followers
BullBear Trading on Substack Steven Vincent has been studying and trading the markets since 1998 and is a member of the Market Technicians Association. He is proprietor of BullBear Trading which provides market technical analysis, timing and guidance to subscribers. He focuses on intermediate to long term swing trading. You can follow and subscribe to The BullBear Market Report on Substack at https://bullbear.substack.com/. When he is not charting and analyzing the markets he’s the author and thought leader at www.TheSingularityProject.AI

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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