The Stock Markets BREAK a Key Level (as we expected) ...Now What?

The stock markets break a key level (as we expected) ...now what? The stock markets have now rallied to the 61.8% golden ratio (fibonacci) level. This was a target that we had anticipated for the last several months, as far back as December 2022. We are also reaching some trendline resistance too. So now that we have reached a critical zone of resistance, what could this mean for the major stock markets in the next few weeks and months? Could this result in a continuation of an uptrend or a collapse into a bear market? In this video we shall explain a major clue to the market and the potential wave patterns. #stockmarket #sp500 #alessiorastani

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[donharrill]

Great information as usual! Appreciate all your market clues

[lucianoboccedi]

Instead of trying to predict whether or not we’re going into more recession and keep losing your money, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every quarter according to Bloomberg.

[rameshkulkarni]

I follow your analysis, some time Dec 2022 you explained if Fed pivot happens may be in end of 2023 or earlier before that market would probably rally and we have seen by now market is again reached 4410 level and halted. Question to you is if Fed still continue to raise rates or paused in between then how we interpret market would start correction or eeper correciton when Fed is not yet done pivot? Am i wrongly understood and interpreting your analysis? Correct me if I am wrong. I am only saying if pivot happens whenever then I understand major correction starts. But now tha tis not the scnario today. Kindly advise on this how do we interpret correctly on market structure currently

[IbadassI]

How can you tell if the corrective ABC wave doesn't turn into the 5 wave? Is there a way to tell by the time it reached C or 3?

What in trying to find out is how do you know that the ABC doesn't just become 12345, because 123 was misinterpreted as ABC. If you get what I mean?

[aiyangtao]

Many thanks for your information. Do you keep the same view that SP 500 remain strong by end of 2023 or early 2024 like you mentioned a week ago ?

[DK-mqzf]

You should put a link of your membership website in video descriptions and on your About section.

[stevebender]

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[janalgos]

Isn't it true that in theory, you wouldn't really know it's a 123 or ABC move down until you see what happens after the C (or 3) leg? for example if it rallies higher and does not take out the low, then it confirms the ABC correction. but if it begins to rally higher then rolls over and takes out the low, it would confirm the 12345.

[jimpugh]

Bull Bear fine but a standard pullback has been missing

[davedawn]

Very well done on your calls over the last few months, Alessio. You are by far one of my favourite stock market youtubers out there. I have also been very bullish on the markets since the october 2022 lows, all while the majority were calling for apocalypse and a 2008 style crash. Although I am very reluctant about new all time highs coming, my main target remains around 4, 550 on SPX before any significant decline. I’ve also been finding it quite peculiar how Bitcoin has recently decoupled from risk-on such as tech. My analysis still says that BTC will hit 35-40k but I also believe that in order to avoid a further decline or decoupling, it needs to start moving up soon. Cheers

[raezor]

As someone more familiar with crypto and silver charts, I’ve been looking a lot at stocks lately and am noticing they seem to have more zig zags and rounded tops on the way up. I do remember Mike Maloney’s roller coaster analogy with silver and the stock market having structures inverted with one another. Would you tend to play breakouts from say a bull flag as a signal to buy the next dips for stocks and a buy right now with crypto?

[luisdetomaso]

So in other words, the market may go up or may go down. What is the actionable insight here?

[GiuA-uxjv]

if now there is a huge probability of a retracement or crash, what has changed? until one week ago u said bull months were more likely (for stock and then btc). the 61.8 level was there already!!! Did you change your mind Alex? Do you have to tell us something?

[climanni]

Thanks, as always, I love your videos! Also, I don’t see the link to join in your description😉

[natalee]

Is the Kiss of Death signal the same as a Death Cross (50ma below 200ma crossover)?

[stefanost]

Thank you for the video Alessio! I'm worrying for Btc because from the top it has create and impulsive decline..and yesterday closed under the 200ema for the first time since march..what's your thoughts?

[hsx]

May i know where did you retrace from to arrive at 4311 being 61.8% and 4417 (100%), i tried to retrace from 4417 but arrived at a different point for 61.8%, thanks.

[kryptolytix]

Bitcoin chart looks like a 5 wave corrective pattern. Some say Bitcoin price action leads or precedes the stock market, what are your thoughts on these ideas?

[edmo-ld]

Looks like Port Charlotte or somewhere around there.

[Meowmeow.age.]

Alessio... what happens if the market does a vertical move north to say SPY 450 and then has a beatdown?