Reference charts. If the 2008 time frame applies to the 2022 time frame then the Fibonacci ratios should hold constant for the price action.
Start dates were around the first week of January and project forward to suite on the chart below with a bit of narrative.
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We'll see how this unfolds, but if this chart is closely related the market...
The VIX's 5 day RSI is the lowest it's been in a year. This could be an indication that the market is overbought; expecting a short term pull back on the S&P based on momentum indicators.
CL1! will, most likely, break 100 dollars a barrel in 2022 as large oil companies divest in infrastructure investments and procurement of ships, pipelines, storage and general austerity since the market said the product was 'worthless' in 2020 due to COVID 19.
The political situation in the EU and the US is also detrimental to inexpensive oil. The promotion of...
