4h lcose up
motive wave fib levels
Just in case this week is the end of motive wave 3, we could see a max pull back to around 0.382.
To be honest, I would not really care about all of this so much if my 401k did not depend so much on the stock market. That may be the biggest scam of them all. Think about how many people just blindly pour money into their 401k's, which then (for the most part) just goes right into the stock market. That is what I did for the past 15 years. What is the average middle class and up worker put in their 401k per year? 10k? How many people do that per year? 5-10M? That is something like $5-10B/year without a thought of how well the market is doing! IMO, that is why markets go up so much in the past decade or so. Pensions are out and 401k rules (most companies moved to by the early 2000's), which just pumps up the market more. Add in FOMO and the greater fool theory, and then stonks only go up!
I feel that if that market rebound more like this then maybe most of us bears would not be so frustrated.