To me this is just a big liquidity grab before testing the covid low. First downside target 37.70, second/max 25.91... long-term
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So far so good
Now we're getting to the point where it should slow down and slowly chop channel itself lower and then do 1 to 1 move lower.
Or slow down then do a big round roll over move accelerating downwards to finish the cycle, similar the move to negative numbers that started all of this.
Regardless of what the news says what matters is we find out where the bottom is after going negative, that's it, narrative will follow to justify.
all within the next 18-24 months.