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When the Bear Market Will End


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3500 is a line in sand on ES (SP500 futures)

1. Fibo 50% (from 2020 covid-19 bottom)

2. EMA 55 (monthly (different chart, not on this one)

3. Previous tops.

Bulls need to hold this on weekly, and monthly.

So, we should see some buying here and rally. IF not, its really time to be scared.

 

BTW - starting from October/Nov  we should have inflation getting lower by 0,4-0,6% based on "healthcare" subsector -they update this CPI component once (!) a year and based on expert knowledge it should get lower. Listen to this podcast to learn more (Spotify link, but also on itunes etc)

 

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