Long
Lumber at Intermediate Bottom - Now to $2500
Retail lumber prices will come down, current supply will be hoarded like toilet paper. Supply chain issues will persist, futures bottoming now. Market will find firm support at 
1K, then continue advancing to $2500. We are at 50% retrace, the .0075 parabolic coefficient, and price has completed an ABCD pattern. Time to buy!
1K, then continue advancing to $2500. We are at 50% retrace, the .0075 parabolic coefficient, and price has completed an ABCD pattern. Time to buy!Order cancelled
Welp, I think I was just plain wrong on this call. I believe we'll see Lumber remain elevated for a spell, but she sure as heck ain't going to $2500, not without another Stimmy check to continue blowing up inflation.
This was really just a supply chain breakdown that is being resolved by the day.
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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.