We're heading toward the .65 - .618 of the overall trend, where very powerful MAs and a macro trend line converge, along with the .618 of my proposed 1 wave of the macro 5th. The question is, will the FED be able/willing to keep the market above this trend line or will they let deflation take the market to the very edge of the trend? This would still be an internal retracement to the .887 level of said 1 wave.
I want to say there is no way we're going that low, but my theory that we're in the beginning phases of the destruction of the CCP tells me there is going to be a massive trade war at the very least. An all out trade war, mixed with the CaRony Viruth, and an oil price war is plenty to mask the fundamental flaws of the monetary system, long enough to kick the can down the road another couple decades.
I want to say there is no way we're going that low, but my theory that we're in the beginning phases of the destruction of the CCP tells me there is going to be a massive trade war at the very least. An all out trade war, mixed with the CaRony Viruth, and an oil price war is plenty to mask the fundamental flaws of the monetary system, long enough to kick the can down the road another couple decades.