It would be a horrible time to see a major pullback on the S&P500. Two Fib time extensions and two price extensions are having confluence near the End of 2nd qtr 2021 where the new short margin law goes into effect. How far can we pullback? The forward curve is in backwardation well into 2024! Can 40x Earnings multiples go back to 20x or even a respectable 10x (75% down) maybe?
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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.