I've been charting the market for decades now, and can't recall too many markets that were this, for lack of a better term, "screwy." The near-term patterns are still playing by the rules, but are blowing many of the "guidelines" (meaning: "typical historical market behavior") out of the water.
Which is one of the reasons I haven't been keen to get too fancy, or locked-into any linear thinking, on the projections... and Monday's update concluded with a simple thought:
Either way, the market is still pointed higher, either immediately, or after said correction.
And thus we now find ourselves back into a sort of "projection no man's land":
In conclusion, the market has been in a trading range for the past month, so there's not much else to draw from this pattern other than the aforementioned "still headed higher" and "near-term, here are the things it could be" -- which we've done for the time being. Eventually the market will start behaving like a market again. Trade safe.
To most this Bubble is transparent. When it becomes translucent trouble will result. DOGECOIN started as a joke and was jokingly accepted by a billionaire. A stint on SNL popped that bubble. Insane moment in history. Commodities ready to accelerate much higher. Can't find qualified workers as job gains take a big hit. Extended 5th wave has no rhyme or reason. Suggesting the pop will be fast and sudden.
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