Analyst Refutes Goolsbee's Market Assessment, Predicts Further Volatility Ahead

Economist Austan Goolsbee was ignorant of market dynamics when commenting on the market selloff. The setup was developing weeks prior.

The Fed does not control the market. The rally over the past year took many by surprise.

We identified the recent market twists and turns, expecting a decline into end of last week based on sentiment.

Focus on 4165 and 4375-4401 regions. Breaking 4401 suggests rally to 4800. Breaking 4165 opens door for crash into 2024.

Maintain alternative perspectives and objective price points to switch between primary and contingency plans. This avoids big losses.