Relief rally into earnings.
Earnings estimates are revised lower and reports disappoint, sinking the market to complete wave 5.
Acceptance stage is entered.
As current remedies to the issues impairing the economy show no sustained resolve and the consumer is completely crushed, capitulation triggered by October earnings will snap the market, nearly in half.
More Detail in this 06/09/22 Idea:
Earnings estimates are revised lower and reports disappoint, sinking the market to complete wave 5.
Acceptance stage is entered.
As current remedies to the issues impairing the economy show no sustained resolve and the consumer is completely crushed, capitulation triggered by October earnings will snap the market, nearly in half.
More Detail in this 06/09/22 Idea:
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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.