I've plotted the time in which each bull cycle takes to complete. Each run is getting shorter, not longer.. So looking at the previous run, we can see that we saw an expanded ABC to correct - one more little peak at at ATNH but then down into the inevitable correction. I think exactly the same thing is playing out here. We've seen so much brevado, but almost no new liquidity - there may well be a rate cut or two coming in September but I feel it's already priced in. When Powell inferred there would be cuts a few weeks ago, the market jumped but then dumped. Buy the rumour, sell the news. So - I'm out, cashed in my chips. Off to buy a new car.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.