why did you draw the upper megaphone line that way? Please draw it while touching all the upper bars, you will get to 3600 and above..
Peterson
⋅
@lu1977hk, qqq , spx are there already , waiting on my dow 30,000 three amigos hat before pressing the sell button , late Sept / early Oct perhaps , should correlate with 3600 + spx
DOW_DAX
⋅
May be in november
cyberluck
⋅
yeah we'll hit 3600ish and tumble to 2100 (some even predicted back in april/may that it might be 1600-1800 range....I don't know what to do with my long holdings....grr..
tradeBob1
⋅
Market always does the opposite of what you are thinking. Add in more stimulus 2T. Add in a working vaccine. Add in higher interest rates. Add in more liquidity. Draw the chart for this. Is that simple? We could go up to 4,000 on SPX, before it begins a down leg. The best fix is higher interest rates, reducing government spending and yes taxes need to be addressed (simplified) too. Printing more money, only gets us deeper into debt. Eventually, the dollar will crash. Then, a deep recession, maybe for a few years.
vietlong98
⋅
@tradeBob1, "Add in more stimulus 2T. Add in a working vaccine. Add in higher interest rates. Add in more liquidity." => Adding in higher interest rate makes stock market dips, not like the others.
Kevstakt
⋅
A little higher looks like it might touch 3520
dudebruhwhoa
⋅
It probably is that simple, oof - byebye bull market.