josephaccetturo

The biggest Bubble Ever Blown!

SPCFD:SPX   S&P 500 Index
Beware here....the rising wedge is the final wave of a bull market. Expect a big pullback in 2020. If there should be none there will definitely be a 50% pullback following the election. No need to get short until the support line of this move is broken and then becomes resistance and a Fibonacci level has been reached simultaneously. Make no mistake this is a bubble. However Bubbles can go on for a long time. Stocks are way over valued. Lending has fallen off a cliff in the Feds latest report. You can usually get out without enduring much damage on the rebound. The Fed just injected massive amounts of money into the banking system in October. This causes banks to have to raise cash reserves. Banks raise cash reserves by slowing lending and selling risk assets to buy treasuries.
I sense that 3300 was the number.
Reply
always gotta listen to the money GPS
https://www.youtube.com/watch?v=LjYtm6xDPXs
Reply
Good job
Reply
Thanks
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out