Market looking weak despite hopium rallies on WH and Fed PR stunts.
Tons of Bearish Div, all the way up, and lots of Stimcheck buyers hodling very overpriced equities right now. Way too high PE and sinking GDP in the US. M2V is at lowest levels, maybe in history, as valuations reach near-bubble stages. Currency washed out by Fed pumping and bidding up prices is through the roof.
What's next?
Tons of Bearish Div, all the way up, and lots of Stimcheck buyers hodling very overpriced equities right now. Way too high PE and sinking GDP in the US. M2V is at lowest levels, maybe in history, as valuations reach near-bubble stages. Currency washed out by Fed pumping and bidding up prices is through the roof.
What's next?
Trade active:
Looking like we are in the 5th wave upwards of the C in the large ABC correction.
Been eyeballing $3k for the pivot point, but there is room and supply at $3200 as well.
Sellers that didn't make it out on the way down in March, may still have lingering fears and jump out there. Hard to tell with so much Fed Funny Munny floating us along, but the charts say what the charts say. We can only make informed suppositions and trade according to our own risk tolerances.
Been eyeballing $3k for the pivot point, but there is room and supply at $3200 as well.
Sellers that didn't make it out on the way down in March, may still have lingering fears and jump out there. Hard to tell with so much Fed Funny Munny floating us along, but the charts say what the charts say. We can only make informed suppositions and trade according to our own risk tolerances.