The current market decline is not a cause for panic, rather it sets the base for a new cycle. The current 17-year stock market cycle origin is anchored at the 09/02/2016 low. 20th March 2023 completes the first 7 year section within the 17-year cycle.
3rd October 2022 is the first low axis to form the base, that is, 03/10/2022 is the first point to expect a first major low. A double low on 20/03/2023 completes the base forming for the next minor bull cycle. Duration of the minor cycle is 1 year and 7 months expiring on 16th October 2024.
Note, all dates are weekly candle dates, Expect a first major low between 22nd September - 3rd October 2022. Trade responsibly, check back for price bottoms.
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