It doesn't get more obvious than this. We're probably headed back to 12k at the very least on a corrective wave. Fed GDP forecasts are really all you need to see to know lots of rate hikes and taxes coming soon. It's halving every year, and that's an optimistic estimate. Don't wanna spook the market. fred.stlouisfed.org/series/GDPC1CTM
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I'm gonna be looking for behavior near these key lvls in white, 14710/14660/14580. Ultimately bottom of the 1 yr bull trend (white channel, 14500ish) gonna get tested and quite possibly much lower over the next couple years.
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a closer look at EDT
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or maybe more like this?
But if it turns and starts breaking the fib fan levels abandon ship.
But if it turns and starts breaking the fib fan levels abandon ship.
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It's not over, look at that perfect rising wedge for 2nd leg
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Updated, looks like 9-10k bottom of ABC on Macro. Notice the 5 wave started around 1k. Next one starts around 10k, then the one after that starts at 100k, but I prolly won't be alive to see it. Going up in magnitudes, exponential.
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Close up of the rising wedge
