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Strategies & Market Trends : CFZ E-Wiggle Workspace

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From: Sendme11/27/2021 9:04:16 PM
   of 39146
 
What if we stay inside the channel? This next chart is after price breaks out to all time highs, it tended to run 20%+ before it had a correction more than 5%. Yes, there were a few 4.6 and 4.8 moves, but then it bounced.

If this happens one more time it would put price up to 5100 possibly by late Feb.


And looking at the daily VIX, it is at a level that could also support a bounce in the market.

The spikes inside of the blue rectangles are aprox 75-80 days apart.

If this area holds and the market bounces, odds would again favor late Feb for another spike.
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