A quick follow up to my previous posts about the TSX or the colony of Canada, if you prefer.
Quick observations on a long timeline weekly chart:
We bounced off the top of the channel top for over a year Major roll over into a recession/depression/stagflation ... take your pick at this point Commodity super cycle talk seems to be done for now as we can assume the markets are generally manipulated (research gold)
My expectations:
We will at least hit the middle of the channel (middle line) and if things continue to get bad (nukes anyone), look for an overshoot to the downside. BUT... if the volatility shoots up in the the highs of the year, I can guarantee big ass bear market bounces. So go long on vix highs before you get back to the bear side.
- also on the gold - clear leverage liquidations across gold and spy/other markets seem too obvious. overleveraged up, overleverage down, markets are cray rn, lots of money to be made.
the 30 rsi break is the big indicator on this chart, looks like were up for big drop off in strength.
the 30 rsi break is the big indicator on this chart, looks like were up for big drop off in strength.