Analysis: S&P 500 May Replay 1987 Black Monday, Multiple Assets Showing Rare Selloff Synchronization Signal

BlockBeats News, June 7th - Analyst Rekt Fencer issued a market warning pointing out the current rare multi-asset simultaneous sell-off signal. Gold, silver, cryptocurrency, bonds, and oil are all synchronously falling, with the SP 500 poised to be the next. The current vertical surge of the SP 500 resembles the eve of Black Monday in 1987. The market is still in an extremely euphoric state, with a very high risk of historical replay. The potential path of the decline could be: 7250 → 6750 → 6250 → 5500, ushering in a significant retracement level. Even though Goldman Sachs has raised its SP 500 target to 8000 points, the consensus of a bull market is precisely a risk signal.