P&F chart objectives are never realistic IMo. Any change in the chart parameters will force a change of the objective. What P&F does is reduce the impact of time. Another datapoint to consider.
Q1 earnings season is upon us. Uncertainty is coming back into the markets. With all the rosey not so bad good news recently markets are overbought. Expectations exceeded realistic valuation. This last run was a run to get into a new bull run before its missed. An opportunity to get in on the ground floor.
I think that there is more selling than buying and people try to take some profits off this recent run. Those who doubled down on their losing positions will probably hold and get hurt if we put in a lower low. It could create another panic sell.
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