Will the Stock Market REPEAT This Crash Pattern in 2023? | Gareth Soloway

Will the stock market repeat this crash pattern in 2023? | Gareth Soloway. Trader Gareth Soloways shows an interesting pattern on the major stock markets which seems to be very similar to what happened on the Nasdaq in the year 2000 (the start of the dotcom crash). Could this bearish pattern repeat again? What is the sentiment cycle telling us about the stock markets? Alessio explains the significance of the Federal reserve pivot (if they start cutting rates) on the stock markets and the recent market breadth data (whether it's bullish). #stockmarket #sp500 #alessiorastani

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[linofalomir]

Thank you for adding amazing content to watch on the weekends! When needed the most Alessio is there to guide us through the mist🔥

[hersdera]

Putting well-earned money into the stock market can be over emphasized for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $5M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me? I'm nearly 60.

[ewan-kenobi]

This is an absolute masterclass in how to disagree with someone else’s opinion in a respectful and professional manner, something the world seriously lacks right now.
If you don’t understand how powerful a skill that is, you need to watch this vid again.
Those same characteristic bleed through and is the reason Alessio’s insight and analysis is considerably deeper that most on YouTube.
I write and date Alessio’s probability calls on my charts, look at them months later and have yet to see a missed call. Thanks for all you do!!!

[automatedcryptoapp]

Wow. Two adults having a difference of opinion and discussing it calmly and not calling for the other to be cancelled. Well done.

[mauricegiuliani]

Bringing someone who disagrees demands honesty.
Time will tell.
Thank you both.

[MrDoyley]

Interesting to hear two traders with completely different longterm predictions but also very much aware that anything could happen so respectful of each others viewpoints.
It is impossible to predict which way the markets will go for sure.
All we can do is prepare well enough to react quickly, dispassionately and survive. These videos are definitely one of the best sources of this mindset out there.
Thank-you Alessio for your most excellent work.

[ZhivkoGeorgievzh]

There is a very big probability that both of you could be right. We can see an increase by end of this year, then significant correction. Of course all of that would depend on FED actions, stability of Banks and performance of S&P main contributors during the course of this year. Let's not even mention Crypto regulations, BRICS potential expansion, etc. Too many factors, very interesting times!

Thanks for the video!

[memet--]

Hi guys, thanks for the video.👏👏 5:43 It's worth remembering that the point at which NASDAQ bounced back in 2000 was at most 2 months after the ATH. here the bounce point is close to a year after the all-time high. It is important to consider the probability that what we are experiencing here is a more effective bottom. Cheers🥂

[Anonymint-vjbt]

5:04 as I have pointed out numerous times to Game of Trades since the bottom I called in October on the S&P and Nasdaq, that the prior instances of crashes being cited as comparative are not at all similar despite the superficial visual similarity. The current Oct 2022 bottom has a very well defined Shark harmonic pattern bottom projecting to 4800+. It does not have to go all the 4800 in one swoop. Could break out of this range, then pullback into Q3 before rally again, as was the case in 2019. The prior instances such as the 2000/2001 crash not only did not have any harmonic bottom, then comparative period was only 11 weeks to the second lower-low and 25 weeks to the comparative juncture before the crash. Whereas, the current October bottom was ~46 weeks and currently at 77 weeks out from the top. Gareth Soloway is exhibiting extreme blindness in this case.

[aaadiamond]

I'm confident the market toped out in the short term at 4180 a week ago. We've printed lower highs since Feb, a head and shoulders pattern is forming on the S&P and I believe we're heading lower because the Fed will raise again in June. The Debt ceiling should be resolved, but Yellen then having to bring 700+ billion to the bond market and the reaction from the two year note will negatively affect equities. We're unlikely to see rate cuts before Jackson Hole, but when we do, that's when the second wave lower will likely come. Best regards to all investors.

[maryannbennett]

Thank you both for the great discussion! Really liked Gareth's analysis of past chart patterns, super interesting. Alessio, the chart at the 10 minute mark shows the market going down following rate cuts. But in these cases it looks like the market was topping and then dropped. Whereas today, the market has dropped a lot already. So that's a difference I see.

[decdualiteego-conscienceme]

Hi. Always interesting video. Something calls out to me. Since the time everyone has been writing about a collapse, what parameter are we finally missing to know the breaking point? We measure breaking points in many different areas. From how much the printing money (X) will cause the system (Y) to collapse. It is by relating X and Y (which must be developed) that measurement is possible. Why does no one come to this type of estimate? Are we missing parameters for estimated Y ? Which one ? Thanks again ... Keep on going !

[trippbabbitt]

I've been looking at this for a while. David Hunter has a thesis/forecast for a melt-up. I am putting together a video for my channel on this topic (I won't advertise that here). But I believe Gareth may be mistaken that we had the thrill/euphoria portion. We were headed there before the pandemic but got interrupted by the pandemic. So, I believe the bear trap is where we are now (market cycles) and the pandemic wasn't a bear trap just a special cause. The Russia invasion has prolonged and worsened the bear trap we are in now and so I believe David Hunter may be correct.

Similar to this is what happened with Gold during the Russian invasion - a special cause increased the price but then went back to its previous path. I've looked at thousands of data from organizations and believe most forecasters miss the understanding of special and common causes.

[musketeersc]

These two are pure talents. Enjoy the watch. Thanks Gareth n Alessio.

[zachhayes]

Been on the same page as this. The one thing I love being pointed out is the downside that happens after they drop rates. You said that is a red flag so now I need to research why. Same as digging into the reason why the inverted yield curve normally precedes a recession.

[thomashusted]

2 of the best TA guys out there with no BS or hopium !

[Zulu]

Great video. How long did that consolidation (month to month) last after the bubble burst? I want to be out of all trades when that happens. I think Gareth is spot on.

[withoutwroeirs]

Nice comparison between 2000 and 2023. The 40% increase in dollar supply does upset that comparison somewhat especially when the dollar index decline is considered. Stocks may indeed rally a lot higher but that should not equate to an increase of value, in my opinion.

[zaazoo]

Mr. Soloway should look at a monthly RSI and make the same exact comparisons. Thank you both

[Trading_Nomad]

Gareth is pattern, trendline and sentiment trader. Alessio is data based. Gareth bought BTC at 25k and called BTC to drop to 8k, flipped to bearish when the crowd is bullish again. Alessio is more consistent in his analysis. Very much appreciate that.