Everyone is unanimous the we bottom in 2024. So until then buy UUP and DUST.
Nasdaq.........at some point it has to bounce
Started by
andr99
, Jun 13 2022 12:49 PM
16 replies to this topic
#11
linrom1
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#12
linrom1
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Posted 13 June 2022 - 03:40 PM
Everyone is unanimous that we bottom in 2024. So until them hold UUP , DUST and SH. LOL.
Edited by linrom1, 13 June 2022 - 03:40 PM.
#13
fib_1618
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Posted 13 June 2022 - 03:49 PM
SPX headed to 3500 which is my FF from many months ago for 2022 based on past experience during inflationary periods.I am not seeing 3000 in 2022.
Why the TA experts do not post their SPX bottom in 2022?
Because a technician can only give a price target when such forecasts are actually triggered via the direct flow of investment capital.
I am certainly not an expert, but if you wish an answer to your question from myself and/or others, you'll need to give both the method(ology) of technical analysis, including the time scale being measured, otherwise you'll likely receive various responses that will tend to confuse the reader.
Fib
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#14
slupert
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Posted 13 June 2022 - 04:46 PM
"at some point it has to bounce". That's what she said on the picnic.
#15
andr99
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Posted 14 June 2022 - 12:40 AM
well.....my bet is that this bear will retrace most part of the gains from the pandemic lows to the 2021 december top. So, for the spx it should mean 2700 as final bearish target. When you get too much away from a rising long term trend line, eventually you will get to meet it again. As a time target to get there I would say early next year.....
Edited by andr99, 14 June 2022 - 12:41 AM.
forever and only a V-E-N-E-T-K-E-N - langbard
#16
andr99
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Posted 14 June 2022 - 01:27 AM
as for the bounce that should come, I would say 4070 as target for the spx
forever and only a V-E-N-E-T-K-E-N - langbard
#17
MikeyG
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Posted 14 June 2022 - 05:00 AM
Yes to flaming garage. Also, it is moving in an anticipation of rate hikes.Can someone explain to me how $USD US Dollar Cash Settle is UP 15% on a parabolic course in the last year? What is it measured against? A basket of flaming garbage?
Buy the rumor sell the news so to speak.
Edited by MikeyG, 14 June 2022 - 05:01 AM.
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