Where is the SP500 Bottom? My thoughts and support levels

٢٩ سبتمبر ٢٠٢٢

SPY breaking to a lower low and losing $360.69 support since the pullback from all time highs. Next support is at $350 psychological and then $325 the previous all time high before the C19 dump. Watch for a bottom to be set around third/fourth week of October as per the dot com fractal perfection. I suspect we will bottom a week or two before US mid term elections and then I believe the market will rally after that when we get the FOMC rate decision. I believe they will turn dovish and will only increase by 25 BPS or maybe 0... Markets will fly if that is the case and we may see a potential rally into the end of the year. DXY also on month 9 without any consolidation so we will be expecting a blow off top around 120/125 IMO and then a massive correction to around 110/100 which will bode well for stocks/crypto: