Using technical analysis during the Pandemic got "Bullish and Balanced". The street already knows what to expect and discounted it according to YOU! So please EW is as good or as Bad as human interpretation makes it.
I HAVE PROOF of your extreme BIAS using YOUR technical method.
How do people listen to others that failed to observe the obvious. A Pandemic that was known from charts 100 years ago, known from science that showed it was deadly and known it was spreading FAST. Me, I was ridiculed by YOU during that time until the drop started. made fun of Common Sense and Intuitive analysis.
As for your BULLISH call here we did go from a low ball negative 5% earnings to a whopping negative 2% so far. We did grwo the SP500 P/E from last quarter of 19 to 22. We all agree that the FED has to stop raising rates after the 25 basis point move and actually start LOWERING it all this year in order for Wall Street to make money. This is a FACT! I can prove it. Every article and analysis states unequivocally they expect disinflation to be back. Like an addict demanding their fix. Way overdue and about to go into withdrawal pains.
YOU call for a BULLISH powerful move from right here! Got it! Just ignore INFLATION and the recent data? But hey, you said the same thing in the first 5 weeks of a Pandemic.
BTW remember my rant on Pandemic, rant on Transitory and NOW rant on Inflation China and Debt Ceiling. The latter is about to bite us hard. A sure way to see a crash. Like a Pandemic. the GOP will never ever ever agree to increasing the debt limit till after a crash.
Place your bets. i choose Common Sense and a little easy analysis. here goes: Trump will be the nominee regardless of his troubles and indictments. Guaranteed! he will LOSE to anyone if the market isn't in deep trouble. if Ted Cruz, the orchestrator of overthrowing an election and boasting about it was seen hiding in a closet during the Jan 6th tea party you can be damn sure they will do ANYTHING to win, even default and cause a crash. A NO BRAINER!
