The XJO Corrections are Quicker, as Interest Rates head to Zero
As interest rates head to zero the bounce backs from corrections are getting quicker.
XJO is in a 10 year uptrend channel since the GFC and the first correction in 10/11 from top of channel to bottom was approx 426 days at 23%, the second correction in 15/16 from top to bottom was approx 285 days at 21%, the next major correction in late 18 ( wasnt from top to bottom of channel) lasted approx 104 days at 15%. Current donwtrend has started from top of channel. As interest rates get lower from 5% to 0.5% the corrections seem to be less time.
Higher Probability we bounce off the 61.8 fib level or bottom of channel.
XJO is in a 10 year uptrend channel since the GFC and the first correction in 10/11 from top of channel to bottom was approx 426 days at 23%, the second correction in 15/16 from top to bottom was approx 285 days at 21%, the next major correction in late 18 ( wasnt from top to bottom of channel) lasted approx 104 days at 15%. Current donwtrend has started from top of channel. As interest rates get lower from 5% to 0.5% the corrections seem to be less time.
Higher Probability we bounce off the 61.8 fib level or bottom of channel.
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