Dario,
in a recent chart you posted on X, you suggested the target to be 170. However, you didn’t mention the time course for that target. Do you see a decline before that target is reached, which would accompany a decline in SPX, as it has in the recent past (shown in attached chart)? Or do you see us going up to 170 before any significant decline in US equities. Many believe there is still some October weakness to come in US markets.
Thank you for all your contributions!
Hi sir, thanks for your question. I am afraid it is very hard to time a market where there are so many actors, some of them very powerful like central banks and giant pension funds, actively manipulating the market. My view is based on the cycles I observed so far (not a big charts guy here, I apologize) and that I outlined is this article below before. Please let me know whether I answered your question.
