More red to come, slight reprieve next week

2022年8月30日

Here is the plan for the near term. Still looks like we are in the tail end of Intermediate wave 1 inside of Primary wave 5. Looks like we are in for big drops after the Fed meeting, but the inflation report may remain tame in the short-term.

The estimated path for the rest of Primary wave 5 is here with the turnover occurring around US elections:

https://www.tradingview.com/x/fDmnqrrt/

Here is the estimated path for the rest of the correction/recession.

https://www.tradingview.com/x/5sBbzlqw/

Still hoping for the final bottom by March 2025, could be sooner or later of course.