Debt ceiling will not raise without jolting the market. Also, there will be another rate hike. Whatever Bullard says, happens. He sees 2 more rate hikes.
AI rally might actually be an AI bubble.
The higher we go, the harder we will fall.
BTC peaks before SPX does. BTC has peaked at 31000. SPX to follow.
Petrichor_
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Can you say more about the phase where in currently and where you see it lining up on your overlay?
DeepSym
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@Petrichor_, Sorry. I should have colored first arrow on the left differently. The first arrow denotes movement on "Market Psychology". The second arrow denotes the corresponding movement on the SP500. This means we are at "Complacency" phase. And if this psychology plays out, the "Anger" is at 3200 - 3300.
If TradingView's right panel is in expanded state, the charts don't align. If you collapse it, you will see the SP500 2020 dips aligns with the psychology chart.
@DeepSym, Correction. There might be 2 "Anger" phases. June end will mark the end of first "Anger" phase which is 3200-3300 which is higher than pandemic lows. The second "Anger" phase is after October, Nov or maybe even 2024 (basically a recession dip) and that is at 2000.
Petrichor_
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@DeepSym, I definitely see the 3300 mark. Having trouble seeing the 2000 mark. When looking at the monthly, zooming out it looks like 1500 wouldn't be out of the question, but zooming in, I can't really see the pattern down to those levels.
Petrichor_
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@DeepSym, oooh, I see it now, thank you so much. I saved your previous post where you created this overlay. It's a great view and much appreciated.