everything's cool... until it isn't
That's what I like to say about taking my 4 and 2 year old out to eat... things could be going swimmingly and we might even say "hey we should do this more often!". That is of course until the inevitable meltdown and everything goes to hit.
That's kinda how I feel about the market right now. Those that have been following my posts know that I've been projecting the market by basically scaling the early 2022 chart and thusfar I haven't been wrong.
The midpoint of prior consolidation zones means a lot to me in TA. 4365 marked the end of the previous bear market rally and thus I expect 4400 to mark the end of this one. And if everything plays out like I expect it to... 3950 should also become an important level in the years to come.
And of course if we look at the midpoint of the triangle pattern from 2018-2020.... that is ultimately where I expect this next leg down to end.
But for now, let us enjoy our remaining 200 pts of upside... cuz everything's cool, until it isn't.
That's kinda how I feel about the market right now. Those that have been following my posts know that I've been projecting the market by basically scaling the early 2022 chart and thusfar I haven't been wrong.
The midpoint of prior consolidation zones means a lot to me in TA. 4365 marked the end of the previous bear market rally and thus I expect 4400 to mark the end of this one. And if everything plays out like I expect it to... 3950 should also become an important level in the years to come.
And of course if we look at the midpoint of the triangle pattern from 2018-2020.... that is ultimately where I expect this next leg down to end.
But for now, let us enjoy our remaining 200 pts of upside... cuz everything's cool, until it isn't.
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