So if oil goes to $225 a barrel by 2025 that will be terrible for stocks and the economy...yet a number of your charts indicate that the SPX will melt up/ATH in the next 2 years.
Please re-read the note under the scorecard. I'm now in the "top is in" camp for SPX. We should see a meaningful bounce though before it breaks down more aggressively. Timing is very notional / best guess as well. One cannot identify exact timing with Elliott Wave. Only general trend and areas of support/resistance can be predicted. Thank you for reading and commenting!
I've learnt more in this one post, than anything else online. Thank you so much.
I'll be following you probably forever! Cheers.
Glad to do it and thank you!
So if oil goes to $225 a barrel by 2025 that will be terrible for stocks and the economy...yet a number of your charts indicate that the SPX will melt up/ATH in the next 2 years.
How do you explain that disconnect?
Please re-read the note under the scorecard. I'm now in the "top is in" camp for SPX. We should see a meaningful bounce though before it breaks down more aggressively. Timing is very notional / best guess as well. One cannot identify exact timing with Elliott Wave. Only general trend and areas of support/resistance can be predicted. Thank you for reading and commenting!