Major pullback from the over-extension and possible earning season that will disappoint.
With the anticipated pullback to the 350-355 range (channel low), there's a possibility of a double top or even a higher high. This potential rebound might lead to the formation of a double top or even a higher high, referred to as a "blow-off top." Such a scenario could imply that this peak could likely endure as the market's growth for the next few years, coinciding with a potential U.S. recession
With the anticipated pullback to the 350-355 range (channel low), there's a possibility of a double top or even a higher high. This potential rebound might lead to the formation of a double top or even a higher high, referred to as a "blow-off top." Such a scenario could imply that this peak could likely endure as the market's growth for the next few years, coinciding with a potential U.S. recession