A 2001/2 style double top into Q3 bottom. Again, I believe Q2 earnings will begin to reflect what’s unfolding now and I doubt the fed cuts rates until Q4 potentially Q1 2024. Markets always bottom after the pivot which could be a pause in May or June. Stocks are also technically overvalued and despite the 500 looking strong, majority are losing steam as a few big meme stocks hold the market up.
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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.