In my opinion this is a very good possibility. We might just be in the early stages of a recession and the market is letting us know that it is not liking what it sees coming. Lots of investors have been overlooking all the bad data and indicators. But to tell you the truth, this does not surprise me at all, considering they did the same exact thing right before the 2008 crash. I see a lot of volatility in the market in the next few months to come, with a potential crash sometime during the end of the summer and beginning of fall.
Let’s hope that I am wrong for the sake of the middle class!
The whole market is being levitated only by the oil price. There are no other relevant factors or technicals left.
I wouldn't put my money in Crypto, though. What happens when things get so bad the computers stop running? No electricity? No internet? And governments can easily intervene and tax and take crypto if that's all that's left just by pushing buttons.... Or the crypto traders easily disappear with your electronic "wallets" in a world you can never find them again....
Buy gold. For now futures and ETF's, then when things get really hairy turn into coins and hide them somewhere only you know about.
jstephe25
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I like the chart. My question is why do the fans on the bottom have the same base line since 2005? Thanks
TheKingOfAces
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@jstephe25, Good question. I actually used the bottom of the 2009 as the baseline when creating the Gann Square Fixed, I used an extra Gann Box from 2005 to 2009 to see how the movement from the previous 4 years related to the rest of the price movement from 2009 forward. I used it for myself and just forgot to take it out before publishing the chart. Hope that answers your question.
I wouldn't put my money in Crypto, though. What happens when things get so bad the computers stop running? No electricity? No internet? And governments can easily intervene and tax and take crypto if that's all that's left just by pushing buttons.... Or the crypto traders easily disappear with your electronic "wallets" in a world you can never find them again....
Buy gold. For now futures and ETF's, then when things get really hairy turn into coins and hide them somewhere only you know about.