S&P500 Inverse Head and Shoulders measured move above 4,000
Taking into consideration FOMC next week and the mid-term elections shortly after...
I believe we will see 75bps added on interest rates and 50bps or even a "pause" in December, and this will bring a strong relief rallie on the markets, and especially risk-on assets like Bitcoin (late Q4)
The FED doesn't have much more room to hide, and they will soon have to give some clarity about what's going to happen moving forward.
The markets should carry on a short-term uptrend.
Why?
- Buying votes and the FED needs to take a decision. "Semi-pivot" perhaps...
Keeping the markets happy at least for a moment. It always happens.
For several weeks, Joe Biden has been buying votes left & right...
The measured move from the still valid Inverse H&S brings the market exactly to the long term trendline.
The 20th Congress of the CCP in China broke the Chinese stock market, such as the HSI, and we've seen stocks like NIO and AliBaba with a -25% in one single trading day. This is something i've warned about prior to the CCP event on October 16th.
Moving forward i believe we will see stocks like TSLA @ $180 at least (next 3 months or so...) Still, i believe it is a great long term hold even if bought now. In the next 10 years or so, all cars shall be electric, and TESLA will carry on growing exponentially.
Cathy Wood's ARKK is at this moment with almost exact pattern as the Dotcom Bubble in 2000 and -75% aswell.
No one expects, but it does seem like a blow off top is brewing for the coming months. Elon Musk gave more hints.
He's usually right and what he tweets ends up happening sooner or later.
Definitely not something to ignore.
All the best for everyone!
I believe we will see 75bps added on interest rates and 50bps or even a "pause" in December, and this will bring a strong relief rallie on the markets, and especially risk-on assets like Bitcoin (late Q4)
The FED doesn't have much more room to hide, and they will soon have to give some clarity about what's going to happen moving forward.
The markets should carry on a short-term uptrend.
Why?
- Buying votes and the FED needs to take a decision. "Semi-pivot" perhaps...
Keeping the markets happy at least for a moment. It always happens.
For several weeks, Joe Biden has been buying votes left & right...
The measured move from the still valid Inverse H&S brings the market exactly to the long term trendline.
The 20th Congress of the CCP in China broke the Chinese stock market, such as the HSI, and we've seen stocks like NIO and AliBaba with a -25% in one single trading day. This is something i've warned about prior to the CCP event on October 16th.
Moving forward i believe we will see stocks like TSLA @ $180 at least (next 3 months or so...) Still, i believe it is a great long term hold even if bought now. In the next 10 years or so, all cars shall be electric, and TESLA will carry on growing exponentially.
Cathy Wood's ARKK is at this moment with almost exact pattern as the Dotcom Bubble in 2000 and -75% aswell.
No one expects, but it does seem like a blow off top is brewing for the coming months. Elon Musk gave more hints.
He's usually right and what he tweets ends up happening sooner or later.
Definitely not something to ignore.
All the best for everyone!