We blew through the 50% point on Dow since Nov 2016 today - about 22.5k.
16k is testing the next low long term low, double bottom when Trump won the election and would erase all his gains.
Seems like a long way to go from here to get there, but I have no doubt the deep state is gunning for that psychological number.
I’m gonna say 18k. That’s the last base before the market really took off. I also think we need 2-3 months of settling before any direction change.
Waiting patiently for my entry point. Not going to grab a falling knife.
S&P 2000 DOW 16000 I'm thinking
We blew through the 50% point on Dow since Nov 2016 today - about 22.5k.
16k is testing the next low long term low, double bottom when Trump won the election and would erase all his gains. Seems like a long way to go from here to get there, but I have no doubt the deep state is gunning for that psychological number.
I’m gonna say 18k. That’s the last base before the market really took off. I also think we need 2-3 months of settling before any direction change.