There are numerous different metrics I've shown that all say we should not just go down crashing into a prolonged bear market.
Another one that says that is global Central Bank Balance Sheet. The dynamic is most similar with 2016/17 period where it too first retested the diagonal after the breakout. It rolling over was a lagging indication that in 2017 and 2021 the runs were already over. A very different situation here as we're only doing a retest after the long consolidation.
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There are numerous different metrics I've shown that all say we should not just go down crashing into a prolonged bear market.
Another one that says that is global Central Bank Balance Sheet. The dynamic is most similar with 2016/17 period where it too first retested the diagonal after the breakout.
It rolling over was a lagging indication that in 2017 and 2021 the runs were already over. A very different situation here as we're only doing a retest after the long consolidation.