📉 S&P500 Hip Hop Ninja Analysis - May 6th, 2024 - 5th of the 5th EWP Highest Timeframe

How about communication of my #SPX #SP500 High Level (Longer Term) Analysis with some #Hiphop #harmonics!

VIX needs $12-$12.50 before a bounce; current levels might see us bounce to $15, but bullishness is expected post-earnings. After rising from $20, $19 to $19.50, the falling trend line will come in at $18.50 to $19. Once we hit sub-$12, around $11.50, I'll go long on UVIX call options with staggered maturities.

SP500 is heading towards the 5665 zone, then onwards to $6k. We're in the fifth millennium, the highest cycle, and approaching a major correction, which we've never seen before (not in a doom and gloom sense, just as a unique event).

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📉 #SP500, #VIX, #Earnings, #TechnicalAnalysis, #MarketAnalysis, #BullishTrend, #UVIX, #Options, #MarketForecast, #S&PAnalysis

Disclaimer: For informational purposes only. Not financial advice. Trade at your own risk.