According to the psychology of a market cycle, we're currently in the complacency phase. This would imply more downside, going back to about 2100. About a 50% cut. Unfortunately a recession seems imminent.
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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.