I'm guessing we put on about 1000 dow points over the next week or 2, then we correct about 600 dow points fairly fast to make us very oversold, and then we add on another 2000-3000 dow points for the next move up
one thing I've learned working with emerging markets is that inflation can come on FAST.. doesn't matter what the market "expects" or what's implied by curve.. once inflation starts going it can get hot real quick.. would crush the bond market and bring down equities. thats the only thing is see bringing down this market - inflation spike +4-5% y/y that forces the FED to jump in with big hikes.. it's at least possible
The thing is they adjust the inputs on the fly to keep the reading low. Once it gets to the point where they can't hide it then you prediction may come.
we could see 2900 as soon as Wednesday. Legit!! Cancelling my take profit target on my one remaining trade for now. Don't wanna miss the fun