When the Dot Com Bubble burst the market ended up bottoming near the point where index was during the recent ATH for monthly RSI. If that happens again that would put the bubble burst bottom just below 7k. Seeing as we touched that during the COVID crash, this also implies to me that we're likely to go quite a bit higher before this thing bursts for real and we see an actual bear market that lasts longer than a month.
If we're heading for a blow-off top then we could easily see 14k and possibly something insane like 24k within the next 6-12months.
If we're heading for a blow-off top then we could easily see 14k and possibly something insane like 24k within the next 6-12months.
