Full Head and Shoulders pattern on daily; closed right on neckline, Megaphone on Monthly. I am expecting a larger drop than we had in August. Don't short yet, not objective, if you were short start looking to take profits. We are nearing strong support and oversold conditions, short after support breaks. Long term charts we have a Megaphone Top. I called the top on bitcoin and now I think we have seen top on bubble economy.
We just got the manufacturing numbers in and had worst month in 10 years, manufacturing in recession with rest of bubble economy follow. We haven't had any good economic news other than the fake U3 Unemployment rate and Inflation which is about to skyrocket. Trump lived by the so called best economy ever and he will die by it. We will end up with Elizabeth Warren and just watch how bad the socialist democrat ideas are for the economy and Wall Street. This market will be down 50% in a couple years. Fed doesn't have enough room to cut interest rates and they will unleash QE and Inflation . Stagflation is coming again 10%+ inflation and 10%+ Unemployment.
We just got the manufacturing numbers in and had worst month in 10 years, manufacturing in recession with rest of bubble economy follow. We haven't had any good economic news other than the fake U3 Unemployment rate and Inflation which is about to skyrocket. Trump lived by the so called best economy ever and he will die by it. We will end up with Elizabeth Warren and just watch how bad the socialist democrat ideas are for the economy and Wall Street. This market will be down 50% in a couple years. Fed doesn't have enough room to cut interest rates and they will unleash QE and Inflation . Stagflation is coming again 10%+ inflation and 10%+ Unemployment.