Bull Trend RetracementsThe debt ceiling has provided many key pivots and trends for the past few months.
The most recent 4665 that broke the bull trend as the fed become hawkish that coincided with another debt ceiling decision.
When biden kicked the can to feb on the decision we saw what I think was the bottom and what might be a trend based retracement using the 2 key points of the debt ceiling decision.
I included some other key moving averages and pivots that may prove useful.
Keep in mind we are approaching a triple witching in 2 weeks.
What I think will happen is a retracement back to the major resistance from November, a pull back dip for the triple witching, then a christmas rally to all time highs.
After that its anyones guess. My guess is a major correction between Feb and Mar of 2022.
Not Financial Advice. Just a 007 journal!
