The downtrend can trend lower until it decides to start going higher again.

Please don't ask me where the bear market will bottom.

I don't know and I won't lie to you.

I've outlined the various levels that I think it will trend towards, and any one of them could theoretically be THE low.

But do I know which one it will be?

Absolutely not.

No one does.

In 2022, lots of permabulls said it wouldn't go below the 200-week moving average cloud or the prior cycle highs... then it did.

Just watch the trend.

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