I know seems ridiculous but still worth tracking it..
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I also find similarities with 1978/1980 which tracks well so far
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On the monetary/interventionist side, all guns are blazing with both FED and ECB with new QE programs as well as rate cuts, so positive. On the business cycle/fiscal side we have negaive EPS growth/slowing industrial part globally that is spilling over consumer as well as large UST supply draining cash from PDs, so no cash for equity markets. This tug of was has been playing since the global eco top in later 2017. If there is stabilisation in the business cycle (most likely 4Q19, at least in US), then this could be a blow off given bear positioning
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So far so good. Next week critical as FED meeting ..
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Looking good with tentative breakout
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Proceeds on point so far
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So far so good as we are approaching levels that I outlined back then..