Made a typo so redoing.
20% would take us to 4K. I have a wave count that supports something close but certain things must happen over the next few months for it to occur. I give it low odds at this time but see the possibilities.
I'm not the type to say never but I will always say anything is possible. I was bearish in mid Feb 2020 and the degree of that drop surprised me but that was news driven. Could the same happen again? Sure but when I do wave projections I don't/can't take things like this into consideration. Yet I have always said news will many times fit the cycles. Ya ya there are guys out there calling for black swan events. Always noise for bulls and bears. so,,,,,,,,,,
Right now I'm more bull than bear, bigger picture. But coming into Feb I was expecting chop and it's happening. We have 4 upcoming POIs that should give us final confirmation of our L/T projections. If the projections stay on the track the 1-3 day swings should morf into weekly and soon multi week swings which is perfect for me and my gunslingers.
While I took a more relaxed method of trading in late 2022, I always take a few days to a few weeks depending on the seasons, here and there to stay sharp and keep the ole six gun greased.
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