Trader Ansem: Stock Market Macro Cycle May Be Nearing Its End

TechFlow reported on November 4 that, according to a post by trader Ansem, the macro cycle in the stock market may be nearing its end. He believes that many stocks leading gains since late 2022 have accumulated massive gains, and after years without a major correction, the market is seeing clear profit-taking.

Ansem said the crypto market showed signs of weakness earlier, which may explain why it bottomed out before the stock market and rebounded strongly in the third quarter. He is assessing whether this rebound marks the start of a new bull market or a countertrend rally within a larger downtrend; if the latter, many may be caught off guard.

Source: TechFlow