With economic growing steadily, market in a RISK on mode, oil price going higher, this bull market could head north for another 4-5 years taking into account any possible flash to reach ~90000 YES, ming-boggling number ~90000 before market collapse half
Almost everyone says that it is IMPOSSIBLE to predict the future price.
If price becomes steeper and reaches channel top faster than expected, the target could be < 90000
This is just a channel analysis and should NOT be construed as a buy or sell in your trading and investment strategy It is at best an analysis for educational purpose
Sounds plausible to me, looks like a repeat of 1924 where the market quadrupled before crashing, a repeat performance would imply 100000 slightly higher than your 90000 over the next 6 years, long term much higher from here, bad crash after c.6 years followed by war another loony hitler-like dictator, history repeats, human nature is repulsive, we'll see
CBMotivation
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The governments and central banks require asset growth in order to fuel growing debts, it's the only way to achieve it, therefore this is the only outcome, what stops that, is when the component parts keeping breaking and this causes the recent sell-offs, this brings humans back to life, all we need is some negative news over the next 7 days and we'll be back down to 23500 in an hour.