More red to come, slight reprieve next week
Here is the plan for the near term. Still looks like we are in the tail end of Intermediate wave 1 inside of Primary wave 5. Looks like we are in for big drops after the Fed meeting, but the inflation report may remain tame in the short-term.
The estimated path for the rest of Primary wave 5 is here with the turnover occurring around US elections:
https://www.tradingview.com/x/fDmnqrrt/
Here is the estimated path for the rest of the correction/recession.
https://www.tradingview.com/x/5sBbzlqw/
Still hoping for the final bottom by March 2025, could be sooner or later of course.
The estimated path for the rest of Primary wave 5 is here with the turnover occurring around US elections:
https://www.tradingview.com/x/fDmnqrrt/
Here is the estimated path for the rest of the correction/recession.
https://www.tradingview.com/x/5sBbzlqw/
Still hoping for the final bottom by March 2025, could be sooner or later of course.
All forecasts are based on analysis of past behavior. Prior movements are not always indicative of future movement. Develop the theory, test the theory. Do your own research. Nothing in this analysis constitutes advice. YouTube For More. Good luck!!
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