If we have a continuation of the previous pattern, it's likely we consolidate here @ 3800-3850 before going down to -30% ATH @ 3373 by 11/16-11/18.
Why? Rate hikes next month, more CPI data, etc. Until the Fed announces they are going to pause, or pivot, or there's some new development, I think we head lower.
Personally I think 350P or 360P for 11/18 will...
sell off after bad Q3/Q4 results and final numbers from Q2 come in still negative, and perhaps, an official recession announcement. could be bad next year, depends on weather. may get an el nino weather pattern next year, then return to la nina and more drought. hopefully there isn't widespread food shortages and famine, but theres lots of farmers complaining...
an anecdotal visual representation of what that might look like. we may enter another depression, but its weather dependent. entering a 90 year drought cycle aka gleissburg cycle. hopefully i'm wrong.
This is the bounce off the first test of -20%ish decline. I expect a +5% move to happen fairly quickly, then a lower retest near Fed announcement, then a slow retrace to roughly -10% from ATH before the next leg down.
TMUS printed an indecisive doji candle on the daily on 01/24/22 followed by a green candle that touched a older demand zone. Seems like the market was torn on Monday, and decided to make a small gain today. I am long TMUS, and the rest of this week we'll see what happens in the demand zone around ~$107.50. If it enters this zone and bullish candles remain, it...
Just a simple prediction with no basis in reality. Mostly just a bookmark to see how the next few years goes, not investment advice. Hope you all have a nice day :)
