IF (big if) we stay in this channel....
I called this channel out earlier in the year and we have had a nice ride within it.
I suspect a lower CPI print and Republicans winning a chamber of the US congress (not that it matters or whatever) will cause a Q4 mini bull within the overall Bear Market Cycle.
That said, unless there is a true catalyst, I do not see any possibility of returning to the bull market within the next 1 year to 18 months.
Next year, consumer sentiment will turn south, Fed impacts on the economy will lead to higher unemployment, and we will reach low 3's, to maybe as low as 280 on SPY (though not charted).
Best of luck trading.
I suspect a lower CPI print and Republicans winning a chamber of the US congress (not that it matters or whatever) will cause a Q4 mini bull within the overall Bear Market Cycle.
That said, unless there is a true catalyst, I do not see any possibility of returning to the bull market within the next 1 year to 18 months.
Next year, consumer sentiment will turn south, Fed impacts on the economy will lead to higher unemployment, and we will reach low 3's, to maybe as low as 280 on SPY (though not charted).
Best of luck trading.
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