The market has been overleveraged for many years, I predict a cut in DJI of 70%.
Note
Put the chart next to a normal market cycle graph and you'll notice which stage the markets have been in for the past 30 years.Note
As the economy begins to stall, markets are seeing sharp drops. The drop may be deeper than I previously thought depending on how countries will handle the current situations in the world.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.