A Total Market continuation pattern
Looking at the Total US Stock Market (VTI), we can see an obvious arching formation to the Covid-crater rebound, like the decaying upward trajectory of a thrown ball. This trend is characterized by short intervals of consolidation followed by breakouts that exert less upward momentum than the prior breakout. Each of those consolidation phases knocks the rebound's trajectory down a notch, manifest as a lessening of its slope angle, as depicted above. If that pattern continues, this post presents a trend range we might see.
Big picture, this arching over probably is not a prelude to an end-of-the-world crash but a gradual slope correction into a long-term trajectory matching the long-term pre-Covid slope. Since March 2020, the upward slope of the US market has been exceptionally steep, too steep to sustain. So the market has to correct and the pattern of consolidation followed by lesser breakouts seen above is a predictable necessary process of correcting the market into its less steep long-term trajectory (which I've shown in other ideas posted). The arch is 'the invisible hand' dialing back the post-Covid crater exuberance.
Big picture, this arching over probably is not a prelude to an end-of-the-world crash but a gradual slope correction into a long-term trajectory matching the long-term pre-Covid slope. Since March 2020, the upward slope of the US market has been exceptionally steep, too steep to sustain. So the market has to correct and the pattern of consolidation followed by lesser breakouts seen above is a predictable necessary process of correcting the market into its less steep long-term trajectory (which I've shown in other ideas posted). The arch is 'the invisible hand' dialing back the post-Covid crater exuberance.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.