So in a previous view point 9, which was highlighted in the "Almost done with a full re-run" related view as a pivot, is broken down and, for now, it looks like 195 gap close might be a temporary bottom.
I have aligned the PA clone from last year with the 195 gap close and this view is the result.
Is the market predicting a recession (by selling off hard) the first half of the year? If so we'll tank sooner than this. If not i think we'll see rotations around 205 until the most bearish month of the year September.
Disclaimer: these views are meant to be playful thoughts and not necessarily tradeable info!
I have aligned the PA clone from last year with the 195 gap close and this view is the result.
Is the market predicting a recession (by selling off hard) the first half of the year? If so we'll tank sooner than this. If not i think we'll see rotations around 205 until the most bearish month of the year September.
Disclaimer: these views are meant to be playful thoughts and not necessarily tradeable info!
