Can it continue?

2021年7月14日

I'm probably not the only one out there thinking something weird is up with the market. We have increasing inflation and this market is essentially growing parabolically. If you are big on Fibonacci and look at the market from 2009, indexes have been probably the best places to put your money but wow. Now the interesting part is if you chart Fibonacci like I do, we have two things that line up is the Fibonacci from 2009 and the Fibonacci since the bottom of COVID. Strangely lines up and we have an ascending wedge. Can the market sustain this level of growth? All I'm saying is at some point, everything needs a retracement. At some point I think people are going to start calling the FED's bluff on the strength of the market.