we are in the blow off phase.
fundamentally all the stimulus has caused the economy to overshoot the mark and it has to eventually return to the mean.
using fibonacci levels we should see a rise into the blue box before we move to capitulation. all being said, the government may intervene but for now we will see much wealth eroded away.
fundamentally all the stimulus has caused the economy to overshoot the mark and it has to eventually return to the mean.
using fibonacci levels we should see a rise into the blue box before we move to capitulation. all being said, the government may intervene but for now we will see much wealth eroded away.