Oct 16th prediction holding strong! "If Price breaks under this rising wedge and can't reclaim it and then under the 6W peak downtrend (white), we're in store for a bigger pullback."
Yesterday's prediction too... "Every support we break under from here on out should be increasingly harder to break back above."
Stimulus you say? None for those who paid into the system, move it along. Covid vaccine you say? Who knows if and when it will work and how long it will last, hahah. Infection rate increasing globally? Ah, no, not in China, their economy is booming again. White collar lay-offs coming? They've already begun, just not as vocal about it as they used to be, plus now we have a new way of adjusting numbers so we can get the metrics to tell a completely different story. See that, more people got laid off, but more people got hired. Check. Businesses filing for bankruptcy. No worries, the fed will buy your debt even if its junk bonds. Still no stomach and no one wants to touch your company, ok, run it like a zombie until there's no further interest. Hey, Hunter Biden got a sweet job, oh Trump has a Chinese back account, hey politicians all lie and line up yes men to vote for policy that favors their donors so their friends and family can get great jobs, houses, stock tips, etc? Oh really. Hmmm... seems familiar (abcnews.go.com/Blotter/rezko-connection-obamas-achilles-heel/story?id=4111483), but you scratch my back (and fill my wallet) and you can get discounts galore. The house of cards will fall, but no worries we can all get a government job under the green new deal and speaking of green, enjoy your soylent green. Woohoo.
kaxo1
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@iaretheanimal the Chinese economy has been in shambles since 2015, the entire world’s has, and it’ll continue to be until the central bankers and economists decide to admit they’re wrong, admit that they’re not even “central” banks, accept that the offshore funding markets are the real monetary system, study and measure it, and then begin to reform or regulate things. All of that depends on the technocratic bureaucracy to give up their reigns, and that’s simply just not going to happen, so we’re basically just fucked until the world collapses in on itself and can start anew
iaretheanimal
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@kaxo1, Don't worry, the fed will buy your junk. Also, we can just have an unlimited deficit thanks to Modern Money Theory. As long as we can control the repayment of debt by having the fed print money while we sell treasuries (sometimes even back to the fed), and our payments are USD denominated we're as good as China. Nothing to see here folks, we're implementing the Green New Deal and everyone gets their UBI. You can skip work this year. Enjoy!
davidismyname
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Hoping it keeps dropping to the orange support at 3206...
What’d I tell you. This market is getting pumped between 1-3am. Every night.
ProfitHarvest
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@tradeinvest2024, at this point a crash would seal Trumps fate so the wealthy elite have massive incentive to keep markets up for the next couple weeks to try to keep their tool in the shed. Manipulation incentive evaporates after election though.
Interesting that you pinned it to a certain time!
tradeinvest2024
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@ProfitHarvest that’s what I was thinking too. Fridays used to be huge sell off days. We don’t even get a 100 point drop on the Dow. It’s insanity. All of these years trading and I’ve never seen anything like this. You fab tell it’s just hanging on by a thread, but they are keeping it up just enough.
tradeinvest2024
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@ProfitHarvest totally, if you’re into trading futures, thats the time to do it. 1-3am cst.