September Forecast
Well I have decided how I think September will go:
I think we hit a temporary bottom today and Bulls will try to push us up, buy the dip FOMO is still on.
I want to see us top out around 452-454 around Apple iPhone announcement and the new CPI numbers.
Then I expect CPI will be too hot and the market will sell off to the max pain on Friday of 440.
Following that we will have a double top pattern which timed with Powell's speech could get us back to the bottom of 430s.
Then I think we finish September with the trickle down to the support at the 427 level that we established in June.
This is just drawings and some insight into what I feel the market will do, I like the look of my drawing but we will need to see how it shakes up.
Good Luck out there.
I think we hit a temporary bottom today and Bulls will try to push us up, buy the dip FOMO is still on.
I want to see us top out around 452-454 around Apple iPhone announcement and the new CPI numbers.
Then I expect CPI will be too hot and the market will sell off to the max pain on Friday of 440.
Following that we will have a double top pattern which timed with Powell's speech could get us back to the bottom of 430s.
Then I think we finish September with the trickle down to the support at the 427 level that we established in June.
This is just drawings and some insight into what I feel the market will do, I like the look of my drawing but we will need to see how it shakes up.
Good Luck out there.
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