I’m not worried about the monthly chart, at least there are still two months of madness to come……

A round of major market trends with six consecutive monthly gains is very normal, and currently, the fifth month has just begun. The key point is that the interest rate cuts will officially start in September, and the subsequent bull market accompanied by the rate cuts is expected to last even longer.

At the same time, even if the market has only two months left, the gains in those last two months are likely to be the most exaggerated. Comparing to the previous six consecutive months, the gains were 90% and 65% respectively.

If we consider a 65% gain, the highest point would be $189,750, and according to a 90% gain, it would be $218,500. Therefore, a peak around $200,000 is indeed quite possible.