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Kirk65

SP500 Suckers rally over !

Short
US 500 Index (PEPPERSTONE:US500)  
Kirk65 Updated   
PEPPERSTONE:US500   US 500 Index
Trend Analysis Chart Patterns Wave Analysis
9
2
trendanalysis chartpattern waveanalysis
The suckers rally is over. After CPI PCE and PPI show hot numbers, the market is realizing that CPI is not coming down anytime soon
and is sticky. DO NOT EXPECT FED to PIVOT anytime soon!
snapshot
Comment:
This is just the beginning of a huge recession. More and more banks will be insolvent in the near future.
If investors really think the market only will go up, then they need to stop investing and use their time on something else. A high rapid rise in the interest rates and a huge depth that is only growing is prone to a disaster worse than the 2008 crisis..
We will take the lows and go even lower...
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