Why is this technically a mini bear market?
We find a bottom every December, usually after the election if there was a downtrend we had a collapse, like 2018 and 2022, it wasn't the Presidential election but it was the US Midterm elections.
So maybe we should expect a good October, but it's quite possible that right after the election around November 10 we could have a collapse. Maybe the market will react to Kamala's victory or something else.
So you can see from the RSI how cycles work, and the current cycle that started in 2023 on January 1 will end in 2025 on January 1, we had 15 months of bull market, and 9 months of bear market.
So I think that on January 1, 2025 we will start a new cycle, which may well last until the end of 2026.
So maybe we should expect a good October, but it's quite possible that right after the election around November 10 we could have a collapse. Maybe the market will react to Kamala's victory or something else.
So you can see from the RSI how cycles work, and the current cycle that started in 2023 on January 1 will end in 2025 on January 1, we had 15 months of bull market, and 9 months of bear market.
So I think that on January 1, 2025 we will start a new cycle, which may well last until the end of 2026.
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