coolingla

This is very similar to the purple path in my last idea (see below) only the right shoulder around April-May is a little higher.

Both are plausible IMHO.

Likely range bound for a few more months.

Main catalyst: 1. a weakened economy and heavy debt load limit Fed's ability to tighten too much down the road. When things get really bad, QE might even be restarted 2. US-China trade war resolution could help the RMB and in turn lift gold

Let the roller coaster begin!

I think it still pays to be bullish in this market.

We just need to ride out the volatility in the mean time.

With the news of trade war on hold, there is No Reason to be Bearish for the Rest of 2018 any more.

Unless the trade war is ceased.

No real hope before OPEC.

Many stocks are at key support area already so we are unlikely to go down much more from here.

Now or Never.

Blue or Red path? I say blue with 70-80% chance.

The big Fang stocks are nearing peak earnings , at least for 2018, so a decent correction is immanent. However many value stocks are deeply oversold so This Rally Has Legs.

My 1st Amazon Bearish Projection failed miserably, see below. This is the 2nd try.

The big Fang stocks are nearing peak earnings, at least for 2018.

How do I know? I don't but occasionally I have this 6th sense...

I Just Become Less Bearish on SPX500 -0.86% after seeing today's price actions. The numbers FANGs reported looked OK so the immediate downside is probably limited. Below are 2 of my previous projections: