Gopher.

🚨 S&P 500 IS FOLLOWING THE 1996 FRACTAL Don’t believe it? But I’m about to disappoint you - THIS IS REALLY IT The 1996 fractal matches the current structure by phases more precisely than most people are willing to admit Back then the market was also in the late stage of the cycle Now the setup is structurally identical That’s why I’m ready to outline 2 scenarios I see right now: FIRST SCENARIO - FAST BLOW-OFF A squeeze into the 7.5k-8k zone, final euphoria and a sharp reversal This is a classic bull trap - the last bulls enter at the highs - smart money exits - collapse The scenario is possible, but unlikely, since markets rarely move in the obvious way 1) SLOW GRIND (my favorite) - formation of a wide distribution zone slightly above 7k - several months of chop that will look like consolidation before further upside - it’s exactly during this period that most participants will convince themselves the correction is over - after that - a descending channel with a series of lower highs and lower lows, bottoming around ~4.5k-5k After 2022, a significant share of retail capital stopped viewing drawdowns as an opportunity That sharply reduces the odds of a fast squeeze higher Distribution is happening much more calmly now Everything is as simple and clear as it gets, just not for retail Turn ON NOTIFICATIONS so you don’t miss the UPDATES!