US/Global markets are actively seeking a bottom at this point.
We've witnessed the largest unwinding of global excesses since the DOT COM bubble and, before that, the 1929 market peak.
Use this symbol to experiment with market trends/setups: (TSLA + ARKK + ARKW + ARKQ + GME ) / 5
In my opinion, the deep selling is nearly over. This chart shows the custom symbol is very close to the center level on the historical Pitchfork and very close to a 1.0 (100%) Fibonacci extension from 2016 to 2019. I suspect the unwinding of the global markets is very close to a BOTTOM right now.
2023 could be very explosive, considering the extreme downside pressure we've seen over the past 15+ months.
Think about this for a few minutes...
_This chart shows price is currently AT or BELOW 2016~2018 center Std Dev levels. It may move a bit lower before actually finding a bottom.
_This price level represents a pre-2019 earnings/revenue expectation (ignoring the past four years of progress).
_The US Fed has already disrupted inflation trends and will likely shift towards more moderate policies in H1:2023.
_This was not an excess bubble as much as it was a speculative bubble during the COVID supply disruption.
Now, we shift back to more normal Revenue/Growth expectations. The US/Global markets are actively seeking a bottom RIGHT NOW. The reversion/reflation trade (bullish) could be very powerful.
----[ reliving 2002~2005 all over again ]------------------------------------------------
Precious Metals will continue to appreciate - just like what happened in 2002~2005+. We are in the early stages of a reflation cycle (post COVID speculative bubble).
The bubble has burst. Prices have deflated. A reflation rally is very likely unless some global crisis event disrupts the global economy. Gold and Silver will likely rally 35% to 55% higher over the next 2+ years (possibly higher).
I believe it is time to start initiating "TOKEN" positions in deeply undervalued Technology, Energy, Consumer Staples, Healthcare, and other "relation" sectors.