This looks way too optimistic… but anything is possible… don’t bet your life savings on it lol… good luck… nice chart tho I think we see 320 this year yet… just depends on cpi next week or in march. I think the market is getting too bullish in information we don’t have yet. Plus Jerome said he wants a recession a couple months ago… also with a strong jobs report I just don’t see it happening… CME gap at 421 it will prolly close that then retest 410 area then either break down or maybe this chart plays out… but looking back in history it could be ready for another major drop. The United States spent way too much money for too long and we had a pandemic and the market is better than ever… looks like the feds just delayed the inevitable…
@skullfighter1, if 420 breaks and holds on a weekly candle then maybe… but feds will keep raising interest rates anyways and that will bring it back down.
snarkytrader420
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@DFUZZY1 he said he wants a recession yet you don't care to talk about how we have been in recession for the better half of last year. that's what I feel like bears forget to grasp. we have been in a recession wether they say it or not, and at the moment the market is trying to pull out of the recession as hard as it can. we will see if the momentum continues
DFUZZY1
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@snarkytrader420, I don’t disagree with you. But until it’s a confirmed recession the market won’t have it priced in. Just something to keep in mind
riverajordan91
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@DFUZZY1, looking like I was slightly over optimistic. but still within realm of possibility if rate cuts are announced for this year.
smosh3630
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youre on crack
riverajordan91
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@smosh3630, LMAO it's actually outperforming my crack chart. It's on meth and crack. Pretty much called the trend change.