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Buckle down and get ready for the Lunar New Year rally!
After two months of market stagnation, there's finally hope for a rebound.
Looking at most Wall Street predictions, the Fed is unlikely to cut rates in January, probably maintaining the status quo. With a lull in February's interest rate decision, the probability of a rate cut in March is higher.
Overall, positive expectations at the macro level outweigh negative ones. Following past upward trends, market volatility will occur before the positive news materializes, meaning it will likely begin before the March rate cut.
I've created a large-scale candlestick chart for your reference.
Since the last bull-bear cycle, the black line in the chart has consistently served as a support line, which I call the "lifeline." The only time it was broken in the past five years was during the major bear market of 2022.
From the October correction to now, it's currently stabilizing around this line.
My conclusion remains unchanged: a short-term bottom has been reached, and Q1 of next year is still worth anticipating, especially during the Lunar New Year period.
These past two months have been filled with a lot of market turmoil; it's truly commendable to have persevered. Those who have stood by me deserve a thumbs up!

I've been waiting for a rebound, but it hasn't come yet. I was originally planning to quit after March next year.
The period around the Lunar New Year is when the market is most likely to be active. I think it will be difficult after March, and next year will likely be very extreme...
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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