While it is 'possible' we've run the entirety of the bull market off the 2009 lows,it is,in my view,a low probability. Wave counts look too incomplete and I favor a 5th wave higher after what I'm counting as a 4th wave correction completes(S&P500).Generally major bull markets don't end with this many people feeling bearish.Pervasive bearish sentiment is generally seen near lows,(even intermediate ones)not near highs.
If/when a 5th wave up completes the pattern off the 2009 lows,then it will be ugly and protracted,imo.
While it's possible the current price action could morph into that scenario,there's nothing to suggest it,at this time.
My opinion only.
While it is 'possible' we've run the entirety of the bull market...
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Last
$33.21 |
Change
-0.380(1.13%) |
Mkt cap ! $113.6B | |||
| Open | High | Low | Value | Volume |
| $33.57 | $33.78 | $32.81 | $342.4M | 11.00M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 39793 | $33.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.22 | 13338 | 1 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| WBC (ASX) Chart |