No chance... macro environment is too poor right now. We are going to retest the low if not make a new low. The next moves will be data driven as of now the market have not at all priced in a recession and have not priced in QT... I doubt it hs priced anything in at all as it moves on the slightest news...
Infidel777
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Inflation in the driver's seat...
juveparmalat
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spot on. looking at the DAX and DJI pattern of textbook expanded flat (or a flat within a flat) is just a mirror image of above projection. the only difference is they already made the move up and spy/es/nq are just lagging behind big time. testing march highs will be the minimum and max pain will be jan highs.
Infidel777
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Much respect, but ATH without Fed?
robed1
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That'd be brutality... sounds like wall street to me! Oink
Eloquent
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@robed1 pretty much, big players bailing out their clients. would be absolutely criminal if true, but we've seen shadier things over the years - like "the covid crash".
robed1
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@Eloquent, covid crash lol.. was buying ford for 3$... lol still overblown.. where was the production to support these high AF evaluations? All airpods?
wolffarchitecture
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right now: How can we be sure its a 1-2 1-2, or a completed a-b-c zig sag. BTW this is how I am counting the 5-waves.
there's really no way to be sure. just need a strong risk management strategy + be ready for both outcomes. no certainties in this market, only probabilities.