Real quick, I didn't want to record the whole thing again, but I skipped part of the math equation because I was doing it in my head so I thought I'd explain the math on why 3500ish...
Top 4805, Bottom from pandemic lows 2175
4805 - 2175 = 2630
2630 / 2 = 1315 (the part I forgot to explain on how I got around 1300)
2175 + 1315 = 3510
Once we bottom at 3510ish, I think the market might settle down. As stated, I don't see us expanding back up to 4805 this year, or anywhere close to that. I think the economy, and the market with it, deals with the recession next year, and we work our way out of the trough. We then get a period of a few years of expansion, and make our way back up to 4805 properly.
But... what do I know? Haha. Just explaining why we are where we are, where we are going, and why I think we will be taking such a route to get there. Hope you enjoyed the video!
As always, your risk management plan is the greatest part of your trading plan!
This is not official financial or investment advice. All liability for trading falls on the investor.
Top 4805, Bottom from pandemic lows 2175
4805 - 2175 = 2630
2630 / 2 = 1315 (the part I forgot to explain on how I got around 1300)
2175 + 1315 = 3510
Once we bottom at 3510ish, I think the market might settle down. As stated, I don't see us expanding back up to 4805 this year, or anywhere close to that. I think the economy, and the market with it, deals with the recession next year, and we work our way out of the trough. We then get a period of a few years of expansion, and make our way back up to 4805 properly.
But... what do I know? Haha. Just explaining why we are where we are, where we are going, and why I think we will be taking such a route to get there. Hope you enjoyed the video!
As always, your risk management plan is the greatest part of your trading plan!
This is not official financial or investment advice. All liability for trading falls on the investor.