Are we about to see Covacrash 2.0?
Friends, this chart here speaks a thousand words as to where we are in this "V Shaped Recovery", "Super V" whatever you want to call it. Doesn't matter what you call it, it is simply money printing and bond buying galore by the U.S. Federal Reserve and Donald J Trump. Be very cautious here going forward.
Here you will clearly see the highest Unemployement rate ever recorded in the US. This chart only goes back so far, but if you could go back further you would see that it is definetly the highest rate ever.
This chart is the Dow divided by the Unemployment rate of the U.S.
I'm not sure if this means anything or not, but it is interesting to look at. I immediately picked out a wedge.... and a gloomy looking one too...
October 2020 anyone?
The virus was first reported on 12/31/19, and it quickly spread until it the U.S. on January 20, 2020. It first stopped the price growth of BTC, and then allowed it to form a double bottom of sorts for a nice setup going into the end of this month.
This Corona Virus is the Black Swan we have been anticipating.
Just an observation that I have brought up in the past. The link to that post is below. But, I do find it interesting to note that China is the only reason that our Markets haven't nose dived into the ground yet. They keep saving it. Probably because of that "Trade Deal" that is supposed to happen right? Like two weeks ago....."Biggest Trade Deal Ever", remember?
Trump says there hasn't been any inflation...This chart is solid proof that there actually has been.
Since January 1st 2019 there has been 1.82% inflation, and over the last month we have seen .36% of that. That huge in 1 month!
With all the lines on the chart, look at the wedge that is formed. These wedges break downwards, not upwards. If they break upward, it is only possible with the hand of manipulation and force. An upward break from here out of the topside of this wedge would be market manipulation by a big player...The FED. If it comes to the contrary, look for a break downward...