It's worth noting that, just like in February and the market was full risk-on and people were bullish, all-while the pandemic was hitting our shores, here we are again. The pattern is striking. The pandemic is fading, but we're on the cusp of a much bigger problem. You invest your money the way you want to, if you were bullish in February, just don't.
I don't think this is THE crash. We need someone to blame it on. Currently there is no "culprit" just a random sell day. The Siege on the W.H. is going to be perfect for this task, they'll be able to mask the corrupt monetary policy while vilifying America's left wing an yet another response to the CCP.
I'm convinced that the establishment wants Trump in office...
This is your map, it will help you make decisions over the next decade. I don't know what the future holds but I know it'll leave an imprint on this chart. Now you know where to look and what to expect, now just grab some popcorn and watch as your world changes and you stay ahead of the market.
I'm always going to take the contrary position to the herd, especially if it would be obvious in hindsight.
Both SPX and BTC are stopped at the upper end of a channel. DXY is plausibly in a reversal zone, and UVXY is forming an inverse H&S.
EVERYTHING REST ON WHETHER OR NOT DXY CONTINUES DOWN, OR REVERSE BACK UP. With that said, think about the global economic...
Hard to tell which channel will win. Printing money like crazy suggest the bear channel will win. However, if you consider the potential for the Eurozone to collapse, or the CCP dissolve, it's perfectly legitimate that the USD will see a new high value in the future.
@George Soros, you know where you'll come in, right?
Here is my macro view. I think the dollar is going to be very strong over the next couple years. I also believe that crypto currency will bottom and reverse before equities do. You see it correctly. I'm calling for a 2 cent zerp. Yes, occasionally I do hear voices.
Oh, leave your crazed fantasies of Lambos and what-not below.
This was inspired by TradingShot's chart. I added a channel because I think it provides more clarity. While I think it'll stay within the channel, I don't know how far it'll go. If the establishment wants communism, this is how they'll get it.
We're heading toward the .65 - .618 of the overall trend, where very powerful MAs and a macro trend line converge, along with the .618 of my proposed 1 wave of the macro 5th. The question is, will the FED be able/willing to keep the market above this trend line or will they let deflation take the market to the very edge of the trend? This would still be an...