Hello Once Again Friends,
I have decided not to post because i really have ran out of content. I really have said everything i had to say way back about a year ago and up until a few months ago.. Now, I have been patiently waiting to just post one time, when it really matters. So This is an unbiased approach. The technicals on this market are at an inflection point either up or down... but no more sideways left. I think down.. BUT that horse has already been beat to death so what can I say! 15+ years of terrible economic policy creates stuff like this. But, it's all part of the markets natural cycle?! in the 70's the markets took off w/the advent of fiat currency. But i believe this is the Kraken of a Bear markets. I would give this a 5% up side bull market probability and a 95% bear market probability. The severity of the bear market will be more difficult to determine if we start to break significant supports as scripted above.
Triple Bearish divergence on the Monthly RSI.
In 08 crash we broke significant long term trends, now we have successfully tested this area a few times. We could of course impulse up to hit that purple resistance one last time before falling. This is highlighted in the red/green Risk:Return box.
GL Friends.
I have decided not to post because i really have ran out of content. I really have said everything i had to say way back about a year ago and up until a few months ago.. Now, I have been patiently waiting to just post one time, when it really matters. So This is an unbiased approach. The technicals on this market are at an inflection point either up or down... but no more sideways left. I think down.. BUT that horse has already been beat to death so what can I say! 15+ years of terrible economic policy creates stuff like this. But, it's all part of the markets natural cycle?! in the 70's the markets took off w/the advent of fiat currency. But i believe this is the Kraken of a Bear markets. I would give this a 5% up side bull market probability and a 95% bear market probability. The severity of the bear market will be more difficult to determine if we start to break significant supports as scripted above.
Triple Bearish divergence on the Monthly RSI.
In 08 crash we broke significant long term trends, now we have successfully tested this area a few times. We could of course impulse up to hit that purple resistance one last time before falling. This is highlighted in the red/green Risk:Return box.
GL Friends.