I will try to re explain my thesis on the next 8 years as this is sort of a repeat of my previous idea. I am 100% confident that this is what is happening and will be using it to navigate the market.
Evidence 1.
This is the main template that we are using today on the Weekly Chart
Evidence 2.
Let us start with a flash crash down to the 200 weekly moving average
In 1962, it was about a 28% crash over the course of 315 days
In 2019, it was about a 36% crash over the course of 100 days.
Evidence 3.
Following the crash, a massive, prolonged bull run.
In 1962-1966 a 79% run lasing over 1200 days
In 2019-2022 a 120% run lasing over 645 days
Evidence 4.
After the long bull run, a pullback to the weekly 200sma
Starting at the beginning of a year in January at the high in 1966, a 250 day sell off/ pullback to the 200sma again that is rising. Overall, a 24% sell off. The low was put in place October
Starting at the beginning of a year in January at the high in 2022, a 287 sell off/ pullback to the 200sma again that is rising. Overall, a 27% sell off. The low was put in place October.
Evidence 5.
Starting from the opening price of the next year from the peak of the top of the channel, before a pullback to the weekly 21ema. This is where we are currently at.
In 1967, from the open of the year to the peak is a 19% run that took 126 days
In 2023, from the open of the year to the peak is a 19% run that took 202 days.
Evidence 6.
From the open of the years 1967 and 2023 respectively, both followed by a bullish run. Or 2023 will as it hasn't happened yet.
From 1967 open to the high of December 1968, a 37% run lasting 700 days
Projecting that data on to today, that would take us to December 2024 at 5250. A 35% run over 737 days
Evidence 6.
Finally, we have the ATR indicator that signals the tops and bottoms of each turn
Starting from 1962-1970
Every major top coincided with the ATR indicator pulling back to a rising trendline/zone and a spike in volatility
Projected volatility up till 2025
Evidence 7.
Every major bottomed coincided with the ATR indicator. each bottom was found using the break and turn of the spike in volatility as it started to decline back to the rising trendline, a bullish run ensued
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