An acquaintance of mine showed me a 10 yr monthly chart of the SP500 and suggested that the index rallies over the next few years off what he called the 4 year cycle low.
Since i dont adhere to the 4 year cycle low approach i was a bit surprised by what i saw as a lack of a current cycle low. Based upon the range of the last few cycle lows i plotted what i believe would be a comparable target for the current cycle low.
Is it possible? Sure it is as most things are...
Trading is risky.
Don't loose your lunch money.......
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