Here is my take on stock performance in the next 4 yearsIn the next 4 years to come, if volatility picks up dramatically, I see the momentum of the market doing like this.
Price has been going up too quickly since the pandemic rally, I would want to see a major manipulation for a re-accumulation at the lower levels before investing all my money.
This is the 2Day chart of the overall performance of the Canadian stock market from the recession in 2009. So it gives us a good picture overall of the momentum of the market and certainly how it behaves.
What I mainly want to see is the bounce off of the green trendline that began in the crash of the "Great Recession" in 2008. This is our base line for future rejections upwards.
CIF trade ideas
Here is my take on stock performance in the next 4 yearsIn the next 4 years to come, if volatility picks up dramatically, I see the momentum of the market doing like this.
Price has been going up too quickly since the pandemic rally, I would want to see a major manipulation for a re-accumulation at the lower levels before investing all my money.
This is the 2Day chart of the overall performance of the Canadian stock market from the recession in 2009. So it gives us a good picture overall of the momentum of the market and certainly how it behaves.
What I mainly want to see is the bounce off of the green trendline that began in the crash of the "Great Recession" in 2008. This is our base line for future rejection upwards.
Is the overall market due for a bigger selloff?Price has reached the previous order block where the last directional initiation was created to the downside.
I am expecting the price to start going to the downside from here.
We are also in a debt bubble/crisis that is ready to burst at any moment.
The markets are artificially lifted up by government funding. This is not sustainable as the actual economy has been hit really hard by the pandemic.
We are approaching the end of an 80-year cycle and anything at this point could trigger a massive collapse like in 1929.
The technical analysis is from the Wyckoff method theory which has been good to me in the past.
I just think we are due for a big blood bath and a redistribution of wealth, and more substantial than the 2008 financial crisis!