I made these projections on October 13, 2020. Since then, we have out-paced my lower bound prediction. I'm posting now for my own record. This is my prediction going into 2021 and early 2022. I have removed the indicators which were historic support & resistance and fibonacci retracements. Furthermore, I speculate on the upcoming election, exhausted fed stimulus, and second COVID wave. You can see in the graph that I have provided multiple predictions with the worst case being my lower-bound and best case being the upper-bounds.
In addition, I have taken into account a risk metric associated with the price of the S&P 500 which is shown in the image url attached. The S&P 500 is over market value and in the high-risk zone.
https://ibb.co/yh9sTpP
In addition, I have taken into account a risk metric associated with the price of the S&P 500 which is shown in the image url attached. The S&P 500 is over market value and in the high-risk zone.
https://ibb.co/yh9sTpP
