But are we really extended??

CME_MINI:ES1!   S&P 500 E-mini Futures
Maybe we are not extended and are right where we should be. A minor pullback and continuation? Quantitative Easing can easily get us to 2022 and then what happens at the convergence? 2024 will be a scary time in the market when there is a change of power in the Executive or Legislative Branches, maybe both...
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