Pi Cycle bottom has flashed again ๐ Today's FOMC is BIG
Parabola cross seems to be happening in the next 3 months. Pi cycle always flashed below 50 and 200MA's on 1D, 3D, and Weekly charts.
This would clash with mid-term Elections in the US (In the past 20Y, US elections brought a reversal on the Stock Market every single time)
ALL indicators show the bottom is in. Indicators are lagging though (They're based on the accumulation of past data)
PA seems near bottom and who's to decide what the market will do in the coming weeks is: J.Powell (later today)
Trading here is gambling on what might happen next. This isn't the correct mindset to become a successful trader. Wait for the wave to happen, let the dust settle, and then start looking for opportunity.
In between now and end of the year there shall be a fairly good bullish relief rallie.
This would clash with mid-term Elections in the US (In the past 20Y, US elections brought a reversal on the Stock Market every single time)
ALL indicators show the bottom is in. Indicators are lagging though (They're based on the accumulation of past data)
PA seems near bottom and who's to decide what the market will do in the coming weeks is: J.Powell (later today)
Trading here is gambling on what might happen next. This isn't the correct mindset to become a successful trader. Wait for the wave to happen, let the dust settle, and then start looking for opportunity.
In between now and end of the year there shall be a fairly good bullish relief rallie.
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