A little history lesson never hurt anyone. Could we have the perfect storm melt-up scenario? The Dow basically doubled in two years into this melt-up.. history to repeat nearly 100 years later? I would not dismiss the possibility with our seemingly endless money creation practice..
Note
moved a few things:
Note
overlay bars
Note
This does not change my strong belief that we will have a deeper correction. I think the above is quite possible but perhaps it begins after mid 2020.. I have too many strong technical forecasts showing a 30% correction in equities. After that? Can we blow the top of this pattern and keep going? Yes.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.