Drip_Drop

Beginning of Bear Market Scenario

Short
CURRENCYCOM:US100   US 100
Just a wild guess here bouncing around channels and trends given the grim outlook. World tensions and protectionist policies unfolding are really starting to make this look like the 1920's/30's. Thick red line at bottom is absolute Japan Zombie company level. Today and maybe Friday seem like a Bull Trap before another leg down; or perhaps the big crash is delayed until Q4. Really can't see us Breaking out of the 15 year channel when QQQ has been keeping the entire market afloat. Trump and Barr want to file anti-trust lawsuits against all the FAANG companies. Covid first wave is getting worse. Travel bans. Our supply chain for cutting edge semi-conductor materials and foundries are all in China and Taiwan, which is liable to be annexed by China soon, a la Hong Kong & Crimea. This will give china control of TSMC, the world's leading semi foundry making all the US Military's tech components. Nothing looks good for US Tech.
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