Monday 25 December 2023

Stock market cycle look into 2024

The well promoted US recession of 2023 did not happen, but will it happen in 2024.
image1

Michael Howell of CrossBorder Capital says the liquidity is supportive of slow growth but no recession in 2024 or 2025.





Technical charts support this view, lets review:


Chart 1 - Shows three sine wave cycle should repeat for a fourth peak in 2025 Q1.


SPY Short Cycle





Chart 2 - Shows the Dow Jones working well through Gann Angles, Dow +45,000


Dow Gann






Chart 3 - Crazy how the Wall 900 period cycle fits highs and lows.


SPY Wall cycle





Chart 4 - Richard Wyckoff Cause and Effect still working until it does it. Will an 'Effect Fail' happen in 2024, the trend says unlikely. But who knows which events will shape the world in the next year.


Dow



Original Post: https://ift.tt/eYHpJkN