I apologize for my last chart as I did it from a cell phone. Here we can see a clear sign of a Bear Ribbon/Pennant forming to indicate a continued trend. Usually pointing to halfway through a drop.
With the FED finally lowering its balance sheet, China's Economy is now mainstream news, Global Bond Yield surging, S&Ps report on the economy, and it's still getting...
Pennant forming
it's consolidating a bit so could go either way.
Most argue in favor of a trend.
New highs? I don't think so.
The daily has has two hanging man or hammers indicating a top.
Personally in favor of continuing trend
Most of the printing and bailouts will be injected into the Economy in November. In order to argue we have settled at a bottom, the markets need to show some pain as well as a slow down on inflation. This will give a green light for a FED pivot. Don't bet against the central planners... They can't go broke like you and me.
Note: We overplayed the head and...
With the so-called positive CPI and rule change on the definition of rescission, we have a sucker rally.
When we look back they will tell you it was apparent, all while the majority didn't bother moving out of the way!
Devil is always in the details. The market reacted fairly positively as the .75 rate hike hit the market. Then we were told this is a one-time thing and the rate hikes will slow down. This is where investors may think deflation but it can't be further from the truth. We are already in a rescission. Inflation will still skyrocket over June and July. Layoffs are...
Reverse Cup and handle playout. All signs point to a margin rally and the sellers for now have finished. If we can't hold above 32k soon, we will see more downtrend. If 32k is held I see 35k-36k but first, show me the money!!!
Just when you feel like you're going to Puke!!! Stop and wait for confirmation. This trade should have already been in place. Let the next indicator form as we gather data and information.
Q1 Earnings, CPI, News, and rumors.
It's a patient man's game!
Todays News: NFIB and Real Household debt Q1 (SAAR)
Q1 Earnings report: Pfizer, AirBNB, AMD, LYFT
Before the new, there will be birth pains... as the rhythm rhymes, there's ample opportunity to secure your investments as the mavericks of the world see opportunity in a good crisis.
For those of you trying to buy the dip. Biblical shortages, inflation, crash of stocks, crypto.... Think we are just seeing the start.
Companies are about to be wiped out and you may not be able to withdraw the investment you have left. Watch out for the smaller wallets and exchanges. Think about cold storage for your cryptos if you chose to hold. The blame is...
