SPX WEEKLY Chart
I want to begin this post to clarify that I'm no conspiracy theorist. These past two years has cast a shadow on the "wisdom" of policy makers. Both parties included here this is not a political comment. It's just what policy makers do. They need to justify their positions. Do we want free markets or not? I believe a free market is the most efficient way to allocate resources where they belong. Come what may. A free market will "sort it out".
Now to the topic at hand... This chart show the path I think the market will take to the ultimate conclusion of the correction that commenced in January.
We now have a glimpse of the range this correction is taking on. The move off the June lows to me, looks like an "a" wave as labeled on the chart. I've pasted theoretical bars to illustrated my thoughts on the path I think we're on for the next few months. Some of my other thoughts are included free of charge :D
I want to begin this post to clarify that I'm no conspiracy theorist. These past two years has cast a shadow on the "wisdom" of policy makers. Both parties included here this is not a political comment. It's just what policy makers do. They need to justify their positions. Do we want free markets or not? I believe a free market is the most efficient way to allocate resources where they belong. Come what may. A free market will "sort it out".
Now to the topic at hand... This chart show the path I think the market will take to the ultimate conclusion of the correction that commenced in January.
We now have a glimpse of the range this correction is taking on. The move off the June lows to me, looks like an "a" wave as labeled on the chart. I've pasted theoretical bars to illustrated my thoughts on the path I think we're on for the next few months. Some of my other thoughts are included free of charge :D
