The Dow Jones has broken up from the two orange resistance lines but has now run right into the macro golden pocket and may hit the high from Aug. I believe these two macro points will yield at least some downside. If we break below the orange lines again I think it is very likely that we plummet over the coming months (feb. or march) below 28,000. By June or July 2023 the DJ will likely be around 25k.
I know these are huge targets, but I wanted to go on record saying that this could very well happen. CPI and PPI currently seem bullish, but we are in this bear market for the long haul.
I know these are huge targets, but I wanted to go on record saying that this could very well happen. CPI and PPI currently seem bullish, but we are in this bear market for the long haul.
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I am still short, getting close to cutting this one. One more final add to position, but if we break the local highs I think I will cut this one.
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