Economic reality certainly does not logically support this bull run to go any further. Key word *logically*.
I personally think the bottom is not in and the market will still be very sensitive to shocks - specifically any hawkish comments from the fed.
I think we are heading back down towards support lines and volume profile nodes.
The question is: Will we see it turn back up for one final 'denial' bull run, before we enter recession?
Or, will the bears come back?
*not financial advise do not trade based on this idea it is purely commentary*
I personally think the bottom is not in and the market will still be very sensitive to shocks - specifically any hawkish comments from the fed.
I think we are heading back down towards support lines and volume profile nodes.
The question is: Will we see it turn back up for one final 'denial' bull run, before we enter recession?
Or, will the bears come back?
*not financial advise do not trade based on this idea it is purely commentary*