We'll hit 300 and possibly see some frenzied buying, but ultimately we're probably looking at 270-280 in the next few months. Especially since that's when we'll feel max pain of everything going on now.
BUT WHY IS EVERYBODY PANICKING. The QE bubble has barely started popping and everybody is saying owwww surely it cant go down any more!
Ohhhh it can you sad...
My theory that we're on track to retrace the QE manufactured bull run is still going. I don't think it will be quite as extreme as a full wipe of the gains, but we're going to see all stocks return to fair value as the Fed blunders around trying to figure out how markets work.
Its gonna hit this fib and the obv trendline and then probably dump. Of course if it breaks trend I'll be the first to hop on too, but no reason to without confirmation (besides pure speculation you degenerate gamblers).
Let's be honest. Fed QE created the "bull" run. Imagine having a whale that just buys and buys with unlimited funds. Of course the market would go parabolic. Now we're going to have to face the music. Predicting a retrace to about half of the bull run by 2023.
I despise "analyst" predictions.
1. They are never reliable
2. They serve institutionals
3. They are a bunch of money-grubbing, bottom-feeding, baby-backed bitches
This is HUGE. After my friday prediction I have no idea where it is going to stop. It could be at 415 is could be at next support. The only thing that could stop it is some really good news. We're probably gonna hit a couple month stretch of bear market.
I knew there was going to be nothing to stop it from falling and it will keep going. Only support is at 428 and if there's no good news there's gonna be nothing to keep it from falling still.
