Q1 2024 Stock Market Correction

The Fed’s dove show was completely sniffed out by the stock market, if you haven’t noticed. Cryptocurrencies have been exploding to the upside as well after a nasty 2022 bear market that had everyone believing “it’s over”.

Bank failures, crypto exchange insolvencies, war and global economic uncertainties have had traders and investors on edge to say the least.

These rallies have been unrelenting and unforgiving, especially for bears.

AKA “No Dips for You”.

But what’s next for 2024?

Well, if you’ve been following along, and in our FREE Telegram Channel, we’ve been posting charts showing the probabilities of larger directional moves for the stock market, crypto, currencies and commodities.

Here’s a chart of the DXY / US Dollar, and our projections that played out perfectly.

Heading into 2024, we can expect a correctional move of 5-15% in the stock market before we judge whether it’s off to new highs or not again.

We do believe the market is going on a massive and quick bull run for 2024 into the election cycle and have been positioned for this…. twice.

Here were our entries on the SP500:

You don’t need a hundred trades per year to let your money work for you…

What’s the Fed’s next move?

No one knows for sure and whether their recent dovishness is out of fear they hiked too much, too fast.

If you scroll on YouTube you’ll be sure to see that the world is ending, and financially, we could be in for a very troublesome global recession.

But for right now, the charts are telling you they want to go higher.

And we’re going to respect that (for now).

In short, the Federal Reserve, at their last 2023 meeting, confirmed a slowdown in inflation and economic activity, ruling out interest rate hikes in 2024.

This has sparked the market speculation of rate cuts as early as March and possibly in May.

The next economic indicator that should be on everyone’s radar now, is the US labor market data.

This data tends to unravel and unravel rather quickly.

We’ll keep everyone up-to-speed on this in our FREE Telegram Channel.

For now, have a Happy New Year and THANK YOU for following F*CK THE FED!