The Dow sweeping the August high sets up an interesting situation for sure.
There's a possibility "as I posted back in September and October linked below" that the misery is over.
And there's a possibility that it's not.
It's truly 50/50 in my mind.
The key is the 29k level.
If that holds sell a kidney.
If that does not hold, sell your children.
"IT'S A JOKE! LAUGH!"
But the pic of these two kids, one from the depression and he other the product of a big bull. This is truly the case. Cross or hold that line and this represents the outcome.
The RSI is telling the story...
I am leaning toward RED... Why? The DXY still looks like it has years to run. That means everyone will run for the exits. And it will just be traders in the markets. Mom and Pop will pull the plug on the IRAs and 401 Ks.
This will set up a MULTI-GENERATIONAL wealth transfer!
Fed only has one choice, otherwise the system cannot work. Crash it all, get everyone back into the workforce and create the great deflation event of our decade.
@without_worries, At the risk of sounding like a jerk. "Which I am 100% ok with" Your TA is so off base it's not even funny. I went to your page. 90% of your calls fail. And you have a Patreon teaching 48 people to chart as bad as you. Gah the internet needs to be fixed. The fact that anyone can just say hey follow and pay me to teach you to do something that I haven't even mastered yet is beyond me. Shit like this makes my blood boil. If you make so much trading why do you need to teach anyone anything for $45 a month? The fact that you think you are good enough to charge someone for the knowledge you obviously don't have is asinine. That isn't even close to a bear flag by any stretch of the imagination. And I will come back to this post and comment when the dollar goes ballistic over the next two years and heads toward 160 and your shitcoins all collapse. Let me help you out by showing you how to ChART, and I'll wait for my $42...
ENIGMA1440
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@without_worries, Those indicators you are using are handicapping you... They are POO POO!