Thanksgiving Thoughts Part III
Final thoughts before the weekend: I feel a correction on the horizon, perhaps the beginning of something bigger. Either way, short term is hard not to think we have to retrace a bit.
Based on FIB retrace, RSI, and cypher harmonic formed I saw on my charts and frodo75 confirmed (see linkage). my best guess is in the neighborhood of 3612, give or take. That would be short term November 30th or so. Also just in time for full moon freakout. Hard to anticipate this since we are perma-bull, but it feels like a great time for a proper selloff.
Also, as we round the corner of COVID towards "recovery," that will likely be the time things really start tanking. Once the panic and shock and fear wear off, the money printing will slow and inflation will start kicking, I believe we will begin to really feel the effects next year and it is likely to be painful.
On that note, happy holiday!
Based on FIB retrace, RSI, and cypher harmonic formed I saw on my charts and frodo75 confirmed (see linkage). my best guess is in the neighborhood of 3612, give or take. That would be short term November 30th or so. Also just in time for full moon freakout. Hard to anticipate this since we are perma-bull, but it feels like a great time for a proper selloff.
Also, as we round the corner of COVID towards "recovery," that will likely be the time things really start tanking. Once the panic and shock and fear wear off, the money printing will slow and inflation will start kicking, I believe we will begin to really feel the effects next year and it is likely to be painful.
On that note, happy holiday!
Comment:
Yes indeed, get em used to buying the dip and then dump thereafter. Someone will have a good weekend...many will probably not.
The prediction is in...
= FIB
= FIB
