MQP INFINITE REGRESSION INTERMEDIATE #008-1 BREAK OUT ALERT!!
SUMMARY - Friday's 33 pt spike off the low changed everything. Right now bull scenarios are better than 5-1. Because of the close of the weekly bar above 1815, this scenario has to be the favorite over #007-6.
DETAILS? - I foresaw this possibility, but didnt think it would happen bc it was a big underdog vs. #007-6 during the drop between Wednesday's ADP and FOMC. The problem with this scenario is that there are 5 boxes here. But the only one I dont like is the gray low, which may not even happen. This means that 1780 would be a steal from NOV 16 to NOV 30. AlI can say is watch AUGUST 2020 DTL, once that breaks we will hit 2000+ before you know it. Link to #007-6 below.
DETAILS? - I foresaw this possibility, but didnt think it would happen bc it was a big underdog vs. #007-6 during the drop between Wednesday's ADP and FOMC. The problem with this scenario is that there are 5 boxes here. But the only one I dont like is the gray low, which may not even happen. This means that 1780 would be a steal from NOV 16 to NOV 30. AlI can say is watch AUGUST 2020 DTL, once that breaks we will hit 2000+ before you know it. Link to #007-6 below.
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If I had to handicap it: this scenario would be 40% vs everything else, while #007-6 would be 30%, 15% for bullish variation and 15% bear.