As soon as the CPI data drops, are the bears sharpening their knives, ready to hunt down the bulls? In the article below , I break down the current market from 8 different angles. Here’s my core prediction: The 4th wave rebound on the weekly chart has been running for about 60 days and is nearing its end. The Fibonacci channel at the 0.618 level ($74,347) forms a strong gravitational zone. Once the right shoulder of the head-and-shoulders pattern completes here, the 5th wave major downtrend is likely to kick off, with a mid-term target of $40,000–$45,000.