Here is my take on stock performance in the next 4 years
In 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.
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.