Published via mobile. Trade based on your risk tolerance.
EW count of price using fib levels from 1974 to present.
Quarter closing tgt $3130-$3150
Black Swan could bring recession early causing quarter to close far below target.
Komentarz
⋅
Sharing a comment that I made in chat today: Downturn could come as early as 2 Dec - Tvix 10-to-1 and Viix 5-to-1 reverse swaps. Historically, these swaps have come at market decision points with only bear traps. However, could be the real thing this time around.
@shy_glizzy, It possibly began this quarter, period from Oct to Dec, but if chart is accurate then recession won’t start until next quarter that begins Jan. From an EW primary wave perspective, quarter close price tgt is $3150. But, from EW cycle and supercycle wave perspectives, quarter close price tgts only $3130 and $3102.
shy_glizzy
⋅
@Teklologist, i will be waiting to see if its true