Case for a Bear Market
This is strictly reading the chart, and it looks like a possible bear scenario/recession could be on the horizon. Using the same bear market pattern from 2000 but scaled correctly for current price action it looks like we could finally see a retest of previous highs from 2020 and consolidate/digest the past few years of over spending by the fed. If its a typical bear market of 1-2 years that would set us up for the bottom sometime in early 2024 just in time for the next presidential election, which will likely be a campaign talking point. Lets see what happens!
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