Only God can know that the trendlines will make such perfect touch points. It’s just another example how God shows us – through the natural world – that there is a higher power.
Wilshire 5000 less than 30,000 before Feb 2023 seems reasonable based on the primary count.
Touch of the trendlines.
Yet another example.
Solid break of the up channel suggests that the recent multi-month rise was “corrective”.
But to be fair, we need an overlap of wave “A” to confirm the market is not in a 5-wave impulse to the upside.
I won’t have the data yet for the NYSE “breadth thrust” chart until Monday, yet I can project it will be sub .40 which gives us another “negative breadth thrust event” of only 13 days.
