But I propose that this will only make things words.
I've taken the peak from January 2018, and posted a Fib line running towards the next peak at October 2018. We'll come back to this shortly.
Now looking at the above time period, we see a pattern form.
Scroll to the next bubble leading up to February 2020. This is the exact same pattern repeating itself. Then look at the next bubble leading up to today. Again, it's the exact same pattern. This is three repetitions of the same pattern.
Each pattern ended with a crash. But here's what's worse. Each pattern is exponentially increasing in both size and scope!
And each crash looks as though it's getting larger and larger!
I stretched the image of each of these these bubbles, and overlayed into one chart picture. All three have almost identical peaks and troughs.
Now, I do believe that we don't crash, simply because of QE and stimulus - But surely this will only exacerbate and prolong the issue, leading to a far larger crash?
Get past op ex this week.. Then.. Sell off will fill gaps near 50 day on weekly at lower b band. Bounce from there. Maybe new highs.. Maybe not. Wild swings coming.. I will not bore you with confluence of critical moving averages telling THE story.. But perma longs can study it after the.pain.
.... Insanity meets reality soon because selling will occur due to massive sell programs on the moving average tell tale. Anybody sail? Sailors watch the tell tail not just the wind. Woosh
Dee_12345
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@stockSMASH, I can tell you replied on a phone 😂😂😂
But yes, I agree.
Breakout_Charts
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Are you buying long dated puts? What's your play?
Dee_12345
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@vmonaco240, De-risked what I'm not prepared to lose/will lose sleep over.
Plenty more rope left to pull, but at this stage I just de-risked a little.
Soon will look into Gold/SILVER ETFs, and physical gold and silver.
Breakout_Charts
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@Dee_12345, I started to take profits in some positions but I've added others. I understand that the S&P looks over valued but for the time being there's no real signs of a trend reversal IMO.
That GLD chart is atrocious, it's constantly getting rejected at resistance.
Thanks for your take on this chart. Interesting pattern recognition for sure.
Good luck.
lauralea
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It will..just maybe not this week (o:
nah0
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here's a tidbit of info
from 2018 repo crisis to the 2020 march highs was %33 gain
from march highs to today is abt %16 gains
one can argue that the march crash the market pricing in a correction into it's increase over time which from last highs isn't that crazy
one can also argue that from march lows was abt a %60 gain so why have we not given some back and honestly idk why we would rn
the market needs a reason to crash and it has none currently
Dee_12345
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@nah0, It doesn't need a catalyst - Just enough underlying reasons!
nah0
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@Dee_12345, i completely agree with that, but we just don't have a straw to break the camels back just yet imo :)
Dee_12345
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@nah0, I know what you mean. There's still plenty of legs left with QE... But the line is getting closer and closer...
.... Insanity meets reality soon because selling will occur due to massive sell programs on the moving average tell tale. Anybody sail? Sailors watch the tell tail not just the wind. Woosh