Is the Great Depression Part 2 diverted?

I gotta say from a pure ChART perspective without any preconceived notions and opinions based on theories and ones understanding of evaluations that make sense and macro geopolitical situations and how we think the world should work. Reality never seems to make sense. But our job is not to project our ideals on how the world "should" work. It is to extract dollars from the market and build our accounts. The data on the ChART is the only tool one can use to consistently do that. NEWS IS TOXIC SLUDGE!

This is a "POTENTIAL" bullish setup.

#1 the 200-week MA's (EMA & SMA) are holding support. (CURRENTLY BETWEEN THE TWO)

#2 there has been a lot of selling but also uniform buying. This does not look like a capitulation situation. It's been a year-long uniformed methodical correction.

#2 If this week confirms this double bullish divergence on the RSI I would not countertrade that. The setup would then lead to the potential outcome depicted on the ChART.

#3 The MACD is also showing confluence with the other indicators mentioned.

#4 I get a 3 up 3 down 7 point count.

#5 That matches the obvious pattern in play. (Bull Pennant/Falling Wedge)

#6 That would match up with a couple of potential inverse head and shoulders.

#7 EVERYONE THINKS THEY KNOW THE GREAT DEPRESSION IS COMING. Generally, the herd is wrong!

Not to mention the volume on SQQQ! EVERYONE is holding a short! It's a crowded trade.

Time will tell the tale.

I don't hold anything long-term nowadays but take what the market gives me daily. So I have nothing to gain on being right or wrong with any of these calls. This is just Fink doing what he loves to do. ChART the markets and view all potential outcomes.

This being one.

Have a blessed day.