Bears were mauled again on Friday and the was blown up by the shorts.
Many are calling ATH for these markets and this could happen.
Often, capitulation is met with a turn or very close.
Fridays high was met with selling, let's see whats next.
Disbelief that a depression is coming will be seen in the real economy
and not be the FED goosing the markets with TRILLIONS of debt.
Bear markets are decieving in nature, 1929 brought ignorance of the calamity faced.
The plunge that followed the bear rally, incinerated any notion that the economy was recovering.
Market valuation is above 150% of GDP....RED FLAG!
Gold and silver will be the outright beneficiaries of the FED's insanity.
It's on a tear and FOMO with shorts fleeing in droves.
Risk in longs is extreme for new entrants....can't be many shorts left to fuel the rally much more.
This week will be pivotal for direction.