Monthly Trend - Rising Wedge
Partial rules for rising wedge: at least two reaction highs form the resistance and two reaction lows form the support
Green prediction, we hit 15k and continue the rising wedge from '85 and have a harder drop in 10 years from now. (Doesn't seem likely with nearly every industry taking a huge hit)
Red prediction, we have a long much needed correction but will continue to stay in the trend from '29 (Seems more likely to me)
Obviously that trend can be broken in either direction.
Green prediction, we hit 15k and continue the rising wedge from '85 and have a harder drop in 10 years from now. (Doesn't seem likely with nearly every industry taking a huge hit)
Red prediction, we have a long much needed correction but will continue to stay in the trend from '29 (Seems more likely to me)
Obviously that trend can be broken in either direction.
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