Using my strategy of the 21ema and the 200sma on the Quarterly Chart (3 Months per candle)
The 21ema is starting to flatten out = Range
The 200sma is rising = Bullish Long Term Trend
This entire Secular Bear Market is a giant 20,000 point range with highs and lows on both sides. The market needs time to cool off after having a near 20 year bull run. After this consolidation period around 2041, I am expecting another massive bull run to minimum Dow Jones 150,000 and even up to 500,000
I am basing my entire thesis on the 60s-70s template
The 21ema is starting to flatten out = Range
The 200sma is rising = Bullish Long Term Trend
This entire Secular Bear Market is a giant 20,000 point range with highs and lows on both sides. The market needs time to cool off after having a near 20 year bull run. After this consolidation period around 2041, I am expecting another massive bull run to minimum Dow Jones 150,000 and even up to 500,000
I am basing my entire thesis on the 60s-70s template
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This is my trade idea on the weekly entry time frame. I will add with the declining 21ema on the weekly.
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Something like this back in 1969. Ride the down trend all the way down to the monthly 200sma
Range Consolidation pattern pulling back into the rising 3-month 200sma
Range Expansion targets of 1.5 = 101,000