Sorry guys, looks like my rant yesterday explaining how Big Money and the Fed are running a massive pump and dump scheme got censored here.
Maybe it was too "overtly political" or maybe it was the giant middle finger I drew on my original chart that I pretended was an outlined exclamation point with stars shooting out from it (it was a pretty convincing coverup if you ask me!).
Either way, we're all getting screwed. It's all manipulated. That's the point.
Don't fall for these stupid gap ups.
Thankfully the market seems to get it now, fewer people are fooled and the market seems right back on track to crashing. Especially given the inverse market pricing.
Can't wait for Powell testimony! Yummy B).
SPX Exactly on 5 Year Trendline... About to Tip!
It is not a coincidence that the market started to over-compensate in August of 2018 (it is very clear if you chart the last 10 years), about the time it takes a new president and new Fed to get their policies in place. Until that point, we had strong steady growth for 8 years with minimal pullbacks and no major crashes. I liken the current stock market to a person who only drives using full throttle and then slamming on the breaks. That compared to the previous years of a more moderate driver that keeps a steady foot on the gas and only lightly touches the brakes. In the end, they both end up in the same place, but one ride is scary and a lot of people get hurt along the way.
My model says most likely outcome is...
June/July: Crash to 2400
July/August: Crash to 2100
Bounce through election then crash to 1600 sometime end 2020/beginning 2021
But yes 1600 in Aug is plausible too, just much longer odds.