We check the 11year cycle of DJI and we notice that every 11year theres a major crash due to uncontrollable events,
since 1980+ the DJI 11year cycle is still the same we check the major crash like BLACK MONDAY .COM CRASH HOUSING MARKET CRASH COVID CRASH
they have the same pattern after a major crash there's a small follow up crashes and it wont go deep similar to major crash that happen,
what we want to say here is, i think DJI is on the tract to another Bullish years inside our 11year cycle, but it wont happen right away if things goes to plan, if feds wont push higher interest rates to not trigger the recession then we could see a great bounce this late year or on middle of 2023 were crypto and stocks will bounce and continue the bullish cycle inside our 11yr cycle,
if we look at the patterns possible DJI will touch 29k or 28k before it bounce and start the bullish cycle,
our question here is what kind of event that will prevent DJI to fall down more? the only thing we see is FEDS will stop raising rates to avoid recession and most of people will live in inflation, just to protect the US economy for not crashing it to recession.
lets see how FEDS will act on September or October to interest rates.
i will update this, once charts showing bounce signals
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