So here's my idea for what I see as a draw down of this rally. Thoughts, and ideas.
1. We've watched the bounce from the massive bear rally that constituted all of 2018, and most of 2019.
2. The momentum has faded and traders are wondering if it's straight to 100k from here. (Hint: it isn't happening and wont, YET!)
3. This will get very ugly before what I anticipate will be a massive drop, and then a turn around.
4. I am thinking the turn around is going to be around Oct-Nov 2019.
1. We've watched the bounce from the massive bear rally that constituted all of 2018, and most of 2019.
2. The momentum has faded and traders are wondering if it's straight to 100k from here. (Hint: it isn't happening and wont, YET!)
3. This will get very ugly before what I anticipate will be a massive drop, and then a turn around.
4. I am thinking the turn around is going to be around Oct-Nov 2019.