Where's the next bottom? It's certainly interesting.
Blue Line - Sept-October support
Orange Line - Feb High Pre-Covid
Black Line - Bottom of channel 2012-2020 upward trend
Personally, I think the fundamentals of the economy are worse than they were pre-COVID (unemployment, forestalled foreclosures & evictions, bankruptcies, businesses closing...), which means we should logically go down around the Orange Line and lower.
Wave Analysis suggests were in a C leg of a correction, and only due down to somewhere just above the Feb ATH support.
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
Blue Line - Sept-October support
Orange Line - Feb High Pre-Covid
Black Line - Bottom of channel 2012-2020 upward trend
Personally, I think the fundamentals of the economy are worse than they were pre-COVID (unemployment, forestalled foreclosures & evictions, bankruptcies, businesses closing...), which means we should logically go down around the Orange Line and lower.
Wave Analysis suggests were in a C leg of a correction, and only due down to somewhere just above the Feb ATH support.
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
Nota
Blew through 282 today, now down to 274, and then we'll see "How Low Can You Go?"
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.