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This is a chart which is showing many Investors are about to experience some Extreme max pain in the markets we've Been covering this for many months Looking at many of these markets Bottoming throughout this period of Extreme talks of recession and Depression so in today's video I want to Have a look at how this could not end Well for many investors who are banking On a possibility of a major crash in 2023 we've got the s p to go through we Have the collapsing US dollar to Continue covering here as we have done For many many months now looking at this Being the peak in September the vix Which is also falling which is a great Sign for the Bulls and why this is going To be an extreme painful time for many Investors like I said in 2023. that was A quick recap of what we've been talking About on the channel for over five Months now now if you recall we've been Looking at this since June lows of 2022 The October lows of 2022 and we find Ourselves now in June of 2023. so far We've seen some pretty dramatic upside Action along the way we've had some Pretty dramatic scares in the market the Collapse of the banking sector yet the Price is now 12 and a half percent Higher for the s p than where it was at The beginning of the year so naturally After so many months of upside movement
In a macro sense we need to expect or Anticipate some sort of overhead Resistance now I'm not saying that we Are about to collapse to a new low we're Not going into some sort of major panic But we have to expect some sort of Overhead resistance we do have some Levels coming up and that's what I want To go through in today's video looking At the s p looking at the little Breakout here of the Russell and of Course the NASDAQ going on a mega Skyrocketing run and of course we can't Forget where Bitcoin currently sits at Its 27 000 little hovering at these Levels right now with the markets Looking towards some resistance levels Coming up so stay tuned lock up the Channel with the white t-shirts they've Survived the last five months with a Two-year-old like And subscribe you know What to do share the content with a Friend as we've been talking about this Basing pattern coming in and a Transitional stage into a macro bull Market we've been consistent on that for A very very long time with these prices Now all the way back above where they Were when the Russian war broke out as Well alright guys let's dive into the First piece of information this week we Have a lot of high impact news Announcements coming out these little Red things here on the Forex Factory
Chart let us know what volatility is Coming up so for the Aussie Market at Least the main thing we have coming up Tomorrow is the cash rate I know most People don't really care about Australia But just a quick one for the Aussies We're looking at 3.85 and they're not Looking that they're not expecting an Increase in the interest rate but if it Happens it happens I think most people Can expect that the US May in fact Eventually go up as well so I don't Think it's going to give too much stress To the market nonetheless 3.85 is where We currently sit and that is where the Forecast is this week for Australia in Our high impact news announcements as For the US most people are looking Towards next week's big data so this is Just an a warning of where the narrative Is going to shift now for the next one To two weeks this is where the narrative Will go we know it's going to happen so We have to anticipate that the Market's Probably already starting to price in These events we can't be that stupid or Naive to think that the market is just Going to wait to see what happens they Have billions and billions and trillions Of dollars on the line they're not going To wait to see what happens the Volatility on the day on the Announcement you know for a few hours There is definitely going to be up down
Sideways and great for Traders but big Funds positioning themselves they've got Their models set up ready to understand What they are looking forward to in Terms of the announcements so USD CPI is What's coming up next week this is the Big one and then of course leading over To the federal funds rate so basically The cash rate the forecast is that it is Going to stay as is so that five to five Point two five percent so they're not Looking at an interest rate rise uh Coming up in the next two weeks so we've Got to get through like I said the CPI Data first most are expecting it's going To be relatively flat and I don't think It's going to be too much of a scare to The market if it was to rise a little Bit we we have seen that for some time And we've been coming down for some time So they're typically is a reversal and Potentially a further downside or that Is the reversal for a higher low to Start forming and we head up into Inflation again either way I don't think Now is the time to be getting fearful of It based on what the charts have been Telling us for many many months now as I Showed you in the intro as well So the markets aren't anticipating any Sort of rate rise maybe they get it but They're anticipating one for July so if It comes sooner of course that's going To shock the market short term but
They're still anticipating a rate rise Nonetheless now there's some huge Warning signs of what is coming up next In the market before I get to that Obviously hit that like And subscribe Button so you stay up to date with the Content as I've shown in the intro there Is plenty of content here that we've Gone through to explain why the markets Are doing what they do how we're Anticipating the macro movement in the Market and this of course is helping out Many of you guys and I'm seeing your Comments so thanks very much and if you Do want to stay up to date with those Movements make sure you check out the Link in the top of the video description We have our free crypto and economic Report coming out this week email to you Just click that link right there it will Be met with a screen like this name and Email you'll get that delivered to you In about 48 Hours time all right so now We come on to the big data which was Help helping us identify the movements In the market that 2023 was basically Going to be a bullish year looking Forward to this looking forward to the Markets rising up to pumping we looked At those lows in October on the channel It's all there for you to go back and Have a look but like I said most of us Have got better things to do with that Time so let's have a look forward to
These tough times ahead looking at these Resistance levels that we're Anticipating the market to find some Sort of issues out some sort of Resistance at before we continue to Grind and start to pump higher this has Been one of those big indicators what We're looking at here is the Pre-election year we have an election in The US coming up next year 2024 last Year was the mid-term election year and It was actually a bearish year so these Are some great signals for a bullish Year in 2023 remember we were looking at The video that I just pointed out a Second ago that was the date of the 13th Of January and that is the signal right About here so that's where it was at That video about this section here so The market is obviously up from that Point same thing with Bitcoin NASDAQ Etc So The data was showing some pretty good Solid returns all the way up start to Plateau around May and June a little bit Of a push into July so this is just a Month and a week old looking at the Purple line the purple line is 2023 What's actually happened in the market Now we can start to add to that may was Basically a bit of a churny sideways Month and then in the last week we've Had a push to the upside for the s p Remember we're looking at the s p here
So what's happened with pre-election Years Throughout history going back to 1949 70 plus years of data all pre-election Years is the black line it goes up and Up and up from January into July and Starts to Halt the market we then have a Churning August a journey September a Down October remember what we're talking About October is a great month for lows Doesn't have to be the cycle load Doesn't have to be the all-time low it Doesn't have to be the major significant Low but it is a good month for lows in The market and we've covered this with Approximately 100 Years of data so this Is why I'm always suggesting to Subscribe to the channel so you can stay Up to date with that all right so October potential low and a bit of a Grind and then We go up late November into December so Each of these data points show that the Market continues up towards the later Half of November into December some will Call it a Christmas rally others will Call it the six months after the selling May and go away six months so basically The Halloween effect so the end of October you can see here this is October This is the month of October and the Markets tend to churn up from there So we know where we currently sit this Is may just adding to this data here and
We've shot up to about 12 percent reason Being come across to this chart here This is May and now we've moved up so I'm just measuring here you can see There's 12 percent There's your 12 basically from the start Of January so that's where we currently Sit that brings us out to about 12 on This chart so what's left in this move To the upside roughly speaking we can See that there is potentially a move up To about 16 which really is not that Much more and it's probably going to Happen in June and potentially the first Or so week in July and then we basically Stop we head down for July which will in Fact potentially be a down month because This is the start of the month this is The end of the month and of course Within the month you're going to get That movement down and then you've got a Down movement in August you've got an up Movement here so basically there's August start and finish so potentially a Positive month but there is going to be Pain in August just looking at this Looking at history there September Sideways again maybe it ends out Negative October not much happens start To finish but you've got a pretty decent Move to the upside and down inside and Then November same sort of thing before We start to get a move on so this Although there's a lot of ups and downs
It doesn't look like it moves too much In terms of a percentage when you base It on the start of the year that this 2023 looking at 12 to 16 basically That's the percent move from the start Of the year and this is going to be Painful very very painful is it going to Churn people around this is obviously is One of the possibilities so far Market Has been moving relatively well to this Particular event besides the pretty big Down move in February and March which May lead this to springboard a little Further to the upside And then cause more severe moves to the Downside so potentially more volatility Within this Zone So we get higher highs lower lows within That zone not in terms of the cycle low Or the cycle top which then causes more Pain because it basically churns up the Trader it turns up the investor it Churns up anyone who's trying to set Their positions because now we're adding Volatility like we've seen earlier it's Adding uh basically a stopping point in The market we're going to probably see Some sort of resistance because we've Already been up for the last five to Nine months from those cycle lows and Most people have missed out on that Talking about a bear Market Added to that now they're trying to get In because they're all feeling a little
Bit more confident because the market is Up So what does the market do it churns Them up it brings them in it spits them Out it brings them in it spits them out It brings them in it spits them out and Once we get rid of all those people Those investors those Traders marketers Ready to push again so stay very very Aware over the next six months Especially seeing as we've been up we Should probably do have some a little More upside to go like we'll see in the Charts in just a moment but this next Section of a period over uh summer and Then leading into Autumn is probably Going to be quite churny and you're Going to see the Bears come back you're Going to see the Bulls get excited and The Bears get excited but probably a bit Of a turn here because we've been up for Quite some time all in all what I'm Trying to do here is give a bit of a Warning to these resistance levels for The s p for the NASDAQ for Bitcoin Because we have seen a fair bit of Upside but it's seen a lot of positivity And of course the Bears are still Sticking around hoping for Mega Collapses and we still see it in the Comments section which is absolutely Fine no head against those guys Whatsoever but uh you know the markets Have basically been on the side of the
Bull throughout this period if you've Been accumulating getting into positions Now you have a lot of safety to the Downside because the entry position is So much lower than where these bears are Going to get in further up or the late Bull as well as we just saw here so this Is going to be a bit of a turn if you Get in late and you see your position go Against you by 10 20 that's pretty hard To hold on to but if you were in during March getting those lows and you see the Market go against you you're still in a Positive position not as much as you Were at the peak but you're still in a Positive position So what we're looking out for is around This peak here of August 4 300 points for the S P 500 we've got To see how the market reacts to that Level and whether it slices through then Closes above those levels for is Flipping the resistance to support That's good for the Bulls for the Bears You don't want to see oh what the Bears Want to see is a rejection and then a Break back under 41.50 and this yellow Line right here this has been those key Levels you can see it was held a support Throughout April so we're watching for Four thousand so we've got a couple of Pretty key levels pretty close to the Downside here four thousand four Thousand fifty and then 41.50 so Bulls
Again right to the upside hold come back And test that next level around 45 50 Which is that previous top of the market Has been rejected against there on the Way down into that bear Market low two Key levels 4300 45 50. that's what we're Looking for for the s p So for June we also cover that on the Channel we're looking at pre-election Year June here with the the data points Itself like you can see from this video Right here and I did five days ago May 30th this is the forecast for June and We're looking at it just being a bit of A churn maybe a slight break to the Upside slight break to the downside but We're probably not going to get too many Massive moves on I'd love that for Bitcoin but probably for the s p and the NASDAQ maybe not too many massive moves Based on what we're seeing right here Over the next several months and if we Were to get them there's still going to Be a churn because we've been up for Quite some time so pre-election year June since 1950 you've got the Dow Jones The s p NASDAQ and the Russell 2000s What we want to have a look at there's Really nothing in it in terms of a Percentage to give us a clear Direction And the average move has only been one 1.5 2.4 1.9 and it's basically split Down the middle so churny times ahead Pre-election years for June and Nike
Have noted before June is also a great Time for lows that's probably why we're Not going to get too big of a move to Come and break any of these levels maybe Maybe let's see because we have just Started to break out of these levels and That could be the area or the month that Is the outline does give us that like I Said we have those levels to get past And what we need to see in order for it To happen so June pre-election years Since uh 1950 not too much happens churn Happens and then obviously the light Balls and some of those Bears which are Like Bulls might get churned up what we Do see is the breadth starting to spread People worried investors worried that Only a few stocks were holding up the Market now what we have here is the Russell 2000 this is think of this as Basically your coins market for the Stock market it's a measure of the Performance of about 2 000 of the Smallest publicly traded companies in The US so it's essentially the coin Market of the stock market like we Talked about if you have some of those Stocks going up the cream rising to the Top first and then Skim off some of those profits dump it Into the coins because you're Hoping for bigger and bigger returns Because basically the biggest stops or The bigger cryptos that you've invested
In are probably coming to the end of Their run and we can see that across the S p we've got some resistance levels Coming up and we'll look at that for the NASDAQ as well but now we see on the Stock market coin Market a breakout Look at this weekly Chart top here top Here finally got that breakout end of Last week higher lows forming and guess What if you're following your game Analysis with your 50 signals on your Chart look at that base form at 50 this Tells you that the Bears have got Nothing left and the balls are going to Win it's just a matter of time you had a Low slightly higher low more lows Forming at 50 percent Market is starting To break at those levels next key level Is 20 uh 2050 so two thousand fifty Points that's the next key level for the Market to get above maybe it happens on This move maybe we just start to Continue with higher and higher lows Over the coming months while the rest of The market churns speaking of churn we Are nowhere near a churn for the NASDAQ But eventually it will get to a Churn it Has to this is just what happens with These markets we went through return in Late March April and then the early part Of May before we started to break out So Eventually this move will die and maybe We go through another churn which is all Sort of lining up in terms of timing
With the pre-election year through the Mid part through quarter three into Quarter four of that year going back to The NASDAQ where could that have Happened somewhere around that 15 000 Point level we're at Fourteen and a half Thousand now so there's not far to go Before we come up against some Significant resistance that caused the Market to dump from that point basically The double top from the first major Breakdown so what happens from there Probably the churn the same thing not to Repeat myself but if you do get a churn There comes the late Bulls because They're expecting further upside and They feel safer now because the Market's Broken out rather than buying closer to The lows like I talked about on that That first video there and then we get Them uh in and out in and out before we Can start to break again so probably Some more time there What does that mean for Bitcoin that's What everyone is here for of course I Don't care about the rest of the market But of course Bitcoin well we're still In our journey period and the market has Basically been quite weak over the last Few days we're closed underneath 27 167 so not a great sign for the Bulls on The weekly chart here but nonetheless We're still holding up above those 25 000 800 levels now what you can also see
On the chart is the news events that Have occurred during this consolidation Period for Bitcoin whether it's a Distribution or an accumulation is yet To be seen because we have not broken Out of 31 or broken down from 26 so we Don't know whether it's a cumulational Distribution however these are the big News events that have happened through That period and we still remain within That period we had the debt ceiling Crisis which surprise surprise no one Talks about anymore and that's exactly What we were talking about on the Channel last week we know what the Market's going to do they eventually Figure out the debt ceiling crisis and Onwards and upwards we go within the Same cycle so for BTC the key level is Still that 27 200 or so dollars you can See uh the support the lows the Rejections and now we're hovering right Within that zone so short-term Bitcoin Needs to get above that so that we can Continue on with this churny sideways Period into Quarter two oh sorry yeah the later part Of quarter two quarter three and of Course the later part of quarter three As well as per the pre-election year Pattern bitcoin's got a lot of work to Do to get back into that bullish Zone in Preparation for a potential sideways Churning Market over this Summer and
Autumn period we've also got a lot of Work to do ourselves getting our Economic and crypto report ready for you Guys so make sure you click that link at The top of the video description Subscribe to this it'll be out in 48 Hours and I'll see you back here in Probably less than 24 hours thanks once Again for your support like subscribe Comments down below question of the day Is down there I'll see you very very Soon until then peace out