Forecast based on: - Mid-term seasonality (down in summer, spikes a few months before mid-term elections) - Fed announcements that they will likely hike in July and September and 'we'll see' after that. Possible formation of a spring in September assuming Fed announces no further hikes
Likely catalysts: - Inflation peaks and starts to fall - US government has been teasing out end of trade war with China / reduction in trade tariffs since end of last year. - End of Ukraine war is also another possible catalyst.
What happens after November? Melt-up to 6000? Double top? Let's worry about the next 3-4 months first.