I have not updated this chart in awhile, so decided to give it a good dusting. Revised the downward trend line to match the March level of decent which takes us to a Q1 22 Rock Bottom. This seems to match some of the analysts here in terms of timing.
Don't think Gold or Silver is going to save you. Silver will go to sub 9 and Gold at 700. People will be desperate for cash, and you can't eat gold. This will prove to be a once in a lifetime buying opportunity, BUT most people will have NO ASSETS to capitalize on it. Dollar is king for now. So get ready those Dump Trucks.
Think I'm wrong? That's ok. You can read my past 3 years of correct calls.
Yea @markettimer777 was the earliest and most adamant on here about Mar ‘22 low call. Handful more have lined up around there too.
This is the 4th call of SPX 500-1000 I’ve seen as well. 1550 looking more probable.
Thanks for the insight!
davidismyname
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"Think I'm wrong? That's ok. You can read my past 3 years of correct calls." That is awesome :) I love it. Thank you for this idea. Besides cash, do you have a preferred way to profit on the drop? I'm looking at volatility ETFs like UVXY, but interested in what others are doing.
This is the 4th call of SPX 500-1000 I’ve seen as well. 1550 looking more probable.
Thanks for the insight!