My research suggests the SPY is setting up a massive Capitulation bottom - and likely to move dramatically higher over the next 5+ years.
It's too early to call this a confirmed bottom signal - but, it may be a great time to start looking for some "anchor trades" in the best stocks/sectors headed into 2024 and beyond.
My research combines technical analysis, economic functions, cycles, and predictive analysis.
While everyone seems to be calling for a massive price collapse, I continue to tell everyone "get ready for the RALLY".
I could be wrong - time will tell.
All I know is the technical/cycle and fundamental economic structure don't correlate with a massive price collapse now, or even in 2030~2035.
What I see is a very big extended Wave-5 function that NO ONE is seeing.
Follow my research. This is the greatest opportunity of your lifetime.
Harry Dent has Long called for a long-term upswing, after "the crash of a lifetime" as he sees it (eg some time >= 2024). He has been bearish since the 2007-08 crash, in spite of the huge increases. My take is that he simply didn't anticipate the magnitude of government "social engineering" of the marketplaces. Demograpohics is a key based on his thinking, together with many longer-term cycles, including tech (which may correspond to the adoption of the new Computational Intelligence stiff post-chatGPT etc). Who knows? One of many issues that I wonder about is if the modern intellectual thinking will be swept under, with big geo-economic-political shifts in the making.