Disclaimer: I suck at long term projections which is why I track 3 hr futures and do short term trading.
Anyways, since a lot of my followers are asking, here's my projection, a 3 drive pattern to get NDX back to preCOVID levels. I don't believe AAPL or TSLA has bottomed out yet, so we could see this arrow get extended.
Oddly, the end of the arrow points at June 15th which is the Fed meeting date, so I think that's when the next rally happens. Then the next drop happens in July because of earnings again. That seems reasonable to me as far as time frames.
As you guys know from this past meeting, betting on the Fed is a dangerous proposition, but my chart says Powell pump next month.
It's a best guess, seems like everyone is guessing at this point, at least I'm willing to admit it.
Anyways, since a lot of my followers are asking, here's my projection, a 3 drive pattern to get NDX back to preCOVID levels. I don't believe AAPL or TSLA has bottomed out yet, so we could see this arrow get extended.
Oddly, the end of the arrow points at June 15th which is the Fed meeting date, so I think that's when the next rally happens. Then the next drop happens in July because of earnings again. That seems reasonable to me as far as time frames.
As you guys know from this past meeting, betting on the Fed is a dangerous proposition, but my chart says Powell pump next month.
It's a best guess, seems like everyone is guessing at this point, at least I'm willing to admit it.