Lumber at Intermediate Bottom - Now to $2500

14 Haz 2021

Retail lumber prices will come down, current supply will be hoarded like toilet paper. Supply chain issues will persist, futures bottoming now. Market will find firm support at $1K, then continue advancing to $2500. We are at 50% retrace, the .0075 parabolic coefficient, and price has completed an ABCD pattern. Time to buy!

14 Tem 2021

Emir iptal

Welp, I think I was just plain wrong on this call.

I believe we'll see Lumber remain elevated for a spell, but she sure as heck ain't going to $2500, not without another Stimmy check to continue blowing up inflation.

This was really just a supply chain breakdown that is being resolved by the day.