talked about this 12 year count before (link via bottom of the chat)
i expect a strong rejection from this 4513.75 ~ 4525 level
scenario 1: we see a 9~15% dip, and it gets saved by the fed \ we expand to the next algo target at 6k into 2022
scenario 2: we dip, and keep dipping, entering into a 7 year bear market which bottoms out in the 1.5k range.
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impossible to predict what comes next, but i will say - if you're long on stocks, i'd be taking profit up here.
i expect a strong rejection from this 4513.75 ~ 4525 level
scenario 1: we see a 9~15% dip, and it gets saved by the fed \ we expand to the next algo target at 6k into 2022
scenario 2: we dip, and keep dipping, entering into a 7 year bear market which bottoms out in the 1.5k range.
---
impossible to predict what comes next, but i will say - if you're long on stocks, i'd be taking profit up here.
