I am bullish on this CPI and FOMC up to the 43,000 area as the top is not in place yet.
How I came to this conclusion:
First, take the high and low of Oct low 22' and Jan High 22', mark the 0.5 range expansion.
Second, the Oct 23' low bounced off the golden pocket of above range.
Third, take the "projected" high of 25' and the low of Jan 22' high breakout point and project range expansions of 1 and 2 times down.
Fourth, take the 2020 covid low and the 2025 high of 43,500 and mark the golden pocket (0.5 and 0.66)
Fifth, Mark the consolidation inside of above golden pocket AND mark the midpoint, notice the 2 times range expansion from the upcoming sell off lands EXACTLY at this price.
Finally, the VIX analysis. The tops in markets are marked as pullbacks and bottoms in the VIX. It is opposite.
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