I see many other patterns of strong bullish cones in stocks that seem somewhat threatening to the financial sector.
By the I mean every singe one.
Let’s see.
God be with us.. good people with grace
VIX formed a massive bull wedge from Dec 24->Jan 19 highs, but the breakout has not been sustained, and it has struggled to maintain DTL support. It's also forming a bear wedge that could result in a massive breakdown. Target 16-17.
VIX appears to be being sold, against the common sentiment of bearishness. This suggest that the big players are bullish. I believe that being short on VIX is a smart play for upcoming few months.
From what i have learned and observed, i see a bear market developing.
Global financial infrastructure is based on debts and at unprecedented levels which are unsustainable. A complete reset is needed and will be coming in the future.
All economic data in the U.S. is manipulated, true unemplyment sitting at 15/17%.
1% gbp rate.
Low interest rates and still low...
Today, we saw the break and hold below of an important long term trendline in effect for months leading up to now, as well as several strong points of support.
Rationale for short:
- Break of lower bear flag channel trendline & hold
- Successful retest and rejection of trendline.
- Broken support at 206.80s and 206.00s
- Huge bull rally immediately and...
