My choice for the next major bull market — target of $17,000 per futures contract

 

But it is up to you to figure out what the market is.

Once every few years a market sets up whereby the fundamentals harmonize with the longest-term chart, which harmonizes with the weekly chart, which harmonizes with the daily chart.

The quarterly chart shows that this market completed a 34-year base in 2008.

5.20_quarterly

The weekly chart shows that the market formed a 42-month triangle that retested the massive 34-year base. This triangle was completed in 2012.

5.20_weekly

The decline since September 2012 has served as a retest of the completed triangle. The daily chart displays a possible 8-month continuation rounding bottom pattern. A decisive close above noted upper boundary of this pattern would set the stage for a magnificent bull trend. The target of this market set up would be a move equal to $17,000 per futures contract.

5.20_daily

 

#??????, #MYSTERY

 

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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