Technical analysis by FermiParadox about Symbol SPYX: Sell recommendation (11/2/2023)

resuming my last post, I tried to figure out a reasonable flagpole extension to determine a short trading target for S&P 500 against BTC. If we exclude a drop to zero (which IMHO could only happen in a full blown world war III scenario and not even then), the flagpole in the chart indicates a drop to around 2 BTC cent. Inversely, if S&P 500 drops to 2 BTC cent in the months ahead, while S&P can retain much of it's current value in USD or can even grow, when measured in USD, we know much about the future fate of USD.