Seeing that MAGS7 is peaked tells me that markets are for sure topped out.
I'm expecting to see low 40s towards the demand zone as price looks to distribute.
In terms of looking for a bottom we can see some action in the June - July months of this year but cant say for sure if we will expect the same bottom we had last year which was very quick.
If we see a prolonged bottom like 2023 then I'd expect to see markets bottom out for April of 2027. Usually when a 4 year cycle ends we see a full year of bears. 2026 marks the end of this cycle.
I'm expecting to see low 40s towards the demand zone as price looks to distribute.
In terms of looking for a bottom we can see some action in the June - July months of this year but cant say for sure if we will expect the same bottom we had last year which was very quick.
If we see a prolonged bottom like 2023 then I'd expect to see markets bottom out for April of 2027. Usually when a 4 year cycle ends we see a full year of bears. 2026 marks the end of this cycle.
NathanAL
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NathanAL
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