Just a Rough Idea of How Nasty It Can Get ES
Just a rough scratch, don't hold me to numbers or directions, but just a sample of what I was thinking. Choose wisely.
Point is, I don't expect to get back to 400, or even a new ATH; we have been in corrective wave patterns for a very long time. Arguably since the great depression. Maybe some day I will take a stab at that with SPX...it is not as easy as you think to get historical data since the dawn of the market: not an accident. We would be lucky to move completely sideways for the rest of the year. Hopefully there won't be another devastating crash but we have all the ingredients for it and the usual scape goat.
Happy trading.
= FIB
Point is, I don't expect to get back to 400, or even a new ATH; we have been in corrective wave patterns for a very long time. Arguably since the great depression. Maybe some day I will take a stab at that with SPX...it is not as easy as you think to get historical data since the dawn of the market: not an accident. We would be lucky to move completely sideways for the rest of the year. Hopefully there won't be another devastating crash but we have all the ingredients for it and the usual scape goat.
Happy trading.
= FIB
The prediction is in...
= FIB
= FIB