1/ The monthly RSI got to its highest point EVER. 2/ The Buffett indicator (stocks valuation compared to USA real GDP) has NEVER been so extreme 3/ Yield curve about to inverse 4/ We're very extended, last time we were that much above monthly movng averages was in 1987, what happened then again? 5/ We are now fighting the 200 DMA but also the 50 WMA, that we tested a couple of times in a short time. 6/ A large number of new investor these past years have been blindly buying index funds... 7/ Weekly RSI at the top ath by far
So every single day I will pop the popcorn & when it happens I will not miss it.
The dream scenario now would be going back up with bearish divergence. It does not happen often, but when it does... We europeans have been limited with leverage thought... pretty cancer...
When it goes down, think apocalypse, think WW3, think 1929. It won't be pretty. Except for those that know what to do and will actually get rich quick.
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Watch closely where it closes.
It was bullish for about half a day.
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Lots of delusional bulls... Here we go again...
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...
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Might get a gap down tomorrow.
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Hanging on that level. Typical. Never give up never surrender never know maybe asians come throw money in the ponzi and bail us out...
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So???
What will happen once the gap gets filled? Big selling?
Been quite a while since we spent so long below the 200DMA
2 years. We closed 1 day below it since them, almost 2 years ago.
And as always, just as in everything, the longer we wait, the harder the fall will be. Here is an example, last 2 times price went below more than 1 day:
Drop of 5000 points is not extreme. Maybe even MOAR.