Lots of market breadth was eroded this year, with most small and micro-cap investors becoming frustrated by shameless levels of naked shorting across a lot of sectors, such is the frustration always felt in a wave-four correction. This may be a leveraged ETF but the structure here is undeniable. Our last chance at the big time!
With the S&P (ES1!) driven to insane levels by only a handful of tickers, we have some time left to take us to levels in excess of 5000+
Because of the ridiculous valuation levels, I expect we may not see the same returns in big-cap tech and instead see rotation into small and micro-cap value and tech.
I have loaded a huge bag since mid-2021 along the line of this thesis, and I can tell you personally the turning point is here.
BOTTOM IS IN? - I think so yes, note the confident bounce here from a lower low with bullish divergence.
The chart is annotated with an Elliott wave count showing that we are completing a W4 consolidation that began in Feb 21, a fib extension to 230+,
The yellow line on March 21 shows when I expect the market may begin to show exhaustion which is the time I expect to go to cash and maybe some VIX calls. (timing is not exact but an indication)
Check out my ISWH chart for my favourite stock that sits at the nexus of crypto leverage and small-cap OTC.
With the S&P (ES1!) driven to insane levels by only a handful of tickers, we have some time left to take us to levels in excess of 5000+
Because of the ridiculous valuation levels, I expect we may not see the same returns in big-cap tech and instead see rotation into small and micro-cap value and tech.
I have loaded a huge bag since mid-2021 along the line of this thesis, and I can tell you personally the turning point is here.
BOTTOM IS IN? - I think so yes, note the confident bounce here from a lower low with bullish divergence.
The chart is annotated with an Elliott wave count showing that we are completing a W4 consolidation that began in Feb 21, a fib extension to 230+,
The yellow line on March 21 shows when I expect the market may begin to show exhaustion which is the time I expect to go to cash and maybe some VIX calls. (timing is not exact but an indication)
Check out my ISWH chart for my favourite stock that sits at the nexus of crypto leverage and small-cap OTC.
