It will be interesting to see if the market can make it back up to that long term trend line. Or does this look more like the year 2000 were we take a long time to make it back up that trend line. I love how you can manipulate data that can fit anything you want it too. I used Logarithmic and 3 month candles to come up with this.. If you look closly you can see...
With this idea there's another possible rally in the next 4 years that pushes us back up to the 5500 - 6200. Under that scenario would put wave 5 at 18 years long. Scenario 1 only puts wave 5 at 12.7 years long which is a lot shorter then the previous waves. All thoughts are welcomed
Thank You
Looking at the 90's that looks like a strong 3rd wave with a big throw over.
Current looks like we completed wave 5 (S in the picture lol)
We should go way below the blue average line .
Target 5000 - 6980
The Federal Reserve will keep hiking and the 4 Percent today is way way below inflation and its a joke.
They will raise the Fed funds rate to 6 - 9 Percent if...
Hi everyone:
Take a look at the late 90s there was a big overthrow of the trend. Afterward, when it broke below it went the same distance below the bottom line as it did over the top line. Now we're in a similar situation where the overthrow of the trend is less severe than before. Nevertheless, this would suggest that were heading to at least 7000 or maybe...
Blue trend line draws all the tops since 1929!
Black line drawing back from 2009.
Either we have a 30 - 50% correction.
OR we bump along the belly of the long term blue line.
With interests rates going up and high inflation I think this market can move sideways to down for longer than most people think.
Pure entertainment and fun here.
Not trading advice
Taking a look at this chart you will see that this broke above the longterm trend line now its back below. Interesting is that most of the time that this hits or goes above the trend line we usually see a big correction in the market. This is not trading advise this is just purely for entertainment purposes. I also put 200 week moving average here you can see...
