IF (big if) we stay in this channel....
I called this channel out earlier in the year and we have had a nice ride within it.
I suspect a lower CPI print and Republicans winning a chamber of the US congress (not that it matters or whatever) will cause a Q4 mini bull within the overall Bear Market Cycle.
That said, unless there is a true catalyst, I do not see any possibility of returning to the bull market within the next 1 year to 18 months.
Next year, consumer sentiment will turn south, Fed impacts on the economy will lead to higher unemployment, and we will reach low 3's, to maybe as low as 280 on SPY (though not charted).
Best of luck trading.
I suspect a lower CPI print and Republicans winning a chamber of the US congress (not that it matters or whatever) will cause a Q4 mini bull within the overall Bear Market Cycle.
That said, unless there is a true catalyst, I do not see any possibility of returning to the bull market within the next 1 year to 18 months.
Next year, consumer sentiment will turn south, Fed impacts on the economy will lead to higher unemployment, and we will reach low 3's, to maybe as low as 280 on SPY (though not charted).
Best of luck trading.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。