The fibs lined up just under 560 for a few time frames so I'm entering at this point.
Many expected a Primary Wave 4 to occur before a fifth wave higher. Can't be sure how long this will last but surprised that people might be spooked by recession talk. Seems that we have been in a recession for quite a while, although it hadn't been reflected in the stock market numbers. Certainly, jobs data for the previous year seemed unbelievable and manufacturing has been in a recession for quite a while.
Many expected a Primary Wave 4 to occur before a fifth wave higher. Can't be sure how long this will last but surprised that people might be spooked by recession talk. Seems that we have been in a recession for quite a while, although it hadn't been reflected in the stock market numbers. Certainly, jobs data for the previous year seemed unbelievable and manufacturing has been in a recession for quite a while.
Disclaimer
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.
Disclaimer
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.