very similar to mine but my max cap out projected was 4085 based on fib levels and similar trend lines to you: this is just one i have a post showing the expanded flat at the supercycle level that needs to complete the last leg down (40-48% to around 1950-2k on the S&P500 over a 2 year period imo.)
johndustinsloan
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Like the analysis and feel we are heading this way. I had a rising wedge pattern but it recently failed once we broke above 4K. Statistically April is a bullish month and people are generally positive with covid vaccines and reopening. VIX is down, DXY also showing some weakness now. I imagine we could see this start to play out in June to early fall but there hasn’t been any catalyst yet to suggest a severe drop. Until then I imagine typical short term corrections but a very bullish blow off top with ongoing stimulus feeding the hysterical market. Market can get really overextended before correcting.
trade-God
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I see the majority is still stuck on this fantasy megaphone sell off.
Sintar123
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@trade-God, Please look at my update comment. THis is just a possibility. This is my more likely scenario.
trade-God
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@Sintar123, I don't see a reason to not be long and not sure why a correction is expected here.
@Sintar123,
Thanks for posting, Every time I see this megaphone come up I have the same reaction
Dude....Psst...no need to overreact but it all ready happened !"