Since everybody is drawing something similar everybody Will be wrong going back to 420
carefulRhino97368
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@Shortatwill, You know what I've noticed? Every time there is this mini rally people suddenly forget they are in a bear market and calling for higher and higher targets. Hahah, and every time surprise surprise lmao red bar
Faux_Pas
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Almost? I always thought stock market was a leading indicator.
carefulRhino97368
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@Faux_Pas, It is yes. It is bear market right now, so the overall direction is down. Inflation sky high, rate hikes, stagflation is already here. Next step is recession.
@VwapWickHunter125x, Hyperinflation by printing more, but Fed isn't that suicidal. Stagflation maybe, but I don't think they want to tow the Volcker line, even if that may be the result. Recession is the *most* likely result IMO.
carefulRhino97368
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@VwapWickHunter125x I think recession is the best case scenario. The GDP is already negative, I just hope we won’t crash into a depression.
Erictaylor
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It’s not officially called a recession. However 2007 we started a big bear market. Officially marked a recession in 2008 December 1st. 16 weeks later we bottomed and rallied like no other. However bear market was a year in before bottomed anyways. Tough to say but watching W pattern on spy. My downtrendinf resistance is 394. If we roll here it’s a lower high and fail W puch that would look bad lol
EllettV
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This aged well
carefulRhino97368
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@EllettV, I dont care what you think about me, but I sincerely hope you're not long.