After one of the biggest rallies since 2020, we take a look at the SP500 Daily chart.
We've thrown on our US equity gap & stock market breadth indicator to show some potential price targets.
It’s looking like we might be after the 4100 gap before falling to the 3400 gap.
The breadth indicator buying (bottom indicator in screenshot) hit numbers similar to 2020...
The smallcaps Russell 2000 futures RTY1! (also the IWM etf), a leading market indicator like the transports, may complete an A=C correction ending in the volume profile zone near 1500. (IWM seems to be consolidating in tranches of 200…ex…230, 210, 190, now @ 170 & maybe 150 around 4Q2022.) This will complete the final wave 5 of C-wave.
As you can see in this...
Really like some of these silver junior stocks for the potential explosive move if silver can get too new all time highs over the coming years. Historically 50x moves on the cards. This is a take a position and hold for years play. A nice pullback of late has given us a nice entry price. Allocating 2% of portfolio here. #inflation hedge
Hi Everyone,
I am trying to find where in recent "history" have we been in a similar position in terms of ATH's, current market sentiment, and the economic policies in place. 2018 had a massive 20% sell-off attributed towards the Fed increasing the rate, even though the overall performance of companies wasn't bad and exceeded expectations. The charts in 2018...
Please read the chart. Keeping it simple today. Will answer comments and DM's.
I'll add more notes as we progress through this current cycle. There is too much momentum currently riding to push us out of the recession unless we see really dumb policy or world events that makes the overall market tank.
Good luck & Happy Hunting,
Reg
