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iGoddard
May 8, 2023 8:15 PM

Total Stock Market reveals recession trend line Long

Vanguard Total Stock Market ETFArca

Description

The total stock market tracked by AMEX:VTI looks fairly bullish in that we are now trending along post-Great Recession (GR) lows for the upper non-recessionary channel defined since the GR. So if no recession is ahead of us (a very BIG if), things ought to be looking up.

The two most recent recessions each hit the same lowest bound in this two-tiered channel defined since the GR, suggesting that this lowest trend line may mark reliable 'recession resistance' such that it might mark the low point for the next recession. I'm surprised that there is this fairly obvious recession-tested lower bound that I've never seen anyone point out before, so I wanted to share this observation.
Comments
cyberluck
so the question is, EW on a higher wave level, where are we on this pattern since 2009, are we doing wave 4 of 5 right now of wave 3 of higher degree?
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