Breaking out of the main circle of the long trend from the 2020 bottoms to the top of 2021 has initially been met with resistance and that could continue in September and October before gearing up in December into 2024 to meet the outer circle and break through to new highs in 2024.
NYSE:LDI hammered during the rise in rates, the turning point is coming in 2024.
Long-term Fibonacci trend lines are about to serve as support for NYSE:K , likely to see a bounce here.
VIX volatility has been bottoming out over the past week, hitting a 15 handle last week. It's possible we may see that again this week. But the stars have aligned here using this Gann fan to pinpoint where we'll hit through the 2/1 line on the fan likely hitting as high as $22 sometime before the end of the month as the Debt Ceiling debate heats up, banking crisis...
Using this linear regression, we are currently at the top of the 2nd standard deviation in the trend since the start of the bear market in January 2020. Bulls could definitely see this as a point in which tech could begin the new bull market. However, with the massive concentration of VIX call buying for June, the debt ceiling, and continued banking crisis - the...