You should always have a bearish case. This is a bit weak to be honest, but some cool confluences with fib channels (notice that the previous cycle highs top out at the previous cycle's 38.2) and fib time get you to a 13k bottom next year. Fits with an early S&P Bear scenario too.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.