Historic long signal here for stock markets
Updated
This is not a one stop signal - but it does give some confluence that odds are a bounce or bottom are coming either her already or soon. However the macro conditions with recession/depression here plus QT and rising rates and supply chain issues paint a different story. Which is it?
I suspect we have a lot more pain ahead next 24 months to 8 years of this Fourth Turning but there will be rip-yo-face off rallies in between
You make the call!
I suspect we have a lot more pain ahead next 24 months to 8 years of this Fourth Turning but there will be rip-yo-face off rallies in between
You make the call!
Note
Caveat: This NDTH signal flashed buy a few days ago... However there is a caveat, there have been a couple times where this signalled consolidation or more downside which I think we have: There was the two months in 2015
and more importantly during the GFC crisis (which is more in line with market severity of downside now), this signaled another 20% down over the next 4.5 months. This lines up well with our macro forecast of significantly more downside until this fall.
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