There is a seismic shift about to happen. The news cycle is about to get very intense with covid and the election. Should you take my advice?? I'm only following the chart and filtering out the noise. There are peak bubble signs everywhere you can look. All time charts are at or near peak resistance for most global markets (Germany, Japan, USA...). I leave the decision to you, these are just my observations.
SP500 with very little noise gave a MASSIVE BUY SIGNAL by registering a new ALL TIME CLOSING HIGH by all of 5 points on Friday. It has bounced off support. The DOW has not yet its yellow line support, and the NASDAQ has bounced off already. It is yet to be seen if the DOW will also be able to bounce off support, or fail completely. Elliott wave Theory has SPY 381 tagged as the next target, and it would also be the target for the culmination of a 3 wave super cycle dating back to 1993. Dot com peak wave 1, 2008 low wave 2, 2020 Covid peak wave 3.
THEY WILL CRUSH VIX TO BRING IN ALL THE SIDELINE MONEY WHO THINK IT WILL BE SAFE TO ENTER ONCE THE FEBRUARY GAP CLOSES. INTENSE FOMO AS WE SMASH ANOTHER ALL TIME HIGH. MARKETS CRASH WHEN EVERY BEAR BECOMES A BULL, AND AAII SENTIMENT REACHES FULL BULLISHNESS.
Lockdowns will potentially come to trigger the peak sell off at SPY 381. They use the headline as an excuse to trigger the sell or buy around a technical level. But you knew that, right?
SP500 with very little noise gave a MASSIVE BUY SIGNAL by registering a new ALL TIME CLOSING HIGH by all of 5 points on Friday. It has bounced off support. The DOW has not yet its yellow line support, and the NASDAQ has bounced off already. It is yet to be seen if the DOW will also be able to bounce off support, or fail completely. Elliott wave Theory has SPY 381 tagged as the next target, and it would also be the target for the culmination of a 3 wave super cycle dating back to 1993. Dot com peak wave 1, 2008 low wave 2, 2020 Covid peak wave 3.
THEY WILL CRUSH VIX TO BRING IN ALL THE SIDELINE MONEY WHO THINK IT WILL BE SAFE TO ENTER ONCE THE FEBRUARY GAP CLOSES. INTENSE FOMO AS WE SMASH ANOTHER ALL TIME HIGH. MARKETS CRASH WHEN EVERY BEAR BECOMES A BULL, AND AAII SENTIMENT REACHES FULL BULLISHNESS.
Lockdowns will potentially come to trigger the peak sell off at SPY 381. They use the headline as an excuse to trigger the sell or buy around a technical level. But you knew that, right?