The Dow pattern is almost complete, a tired corrective rally is on it's last few days at best. Bears have been clearly ahead until the past two weeks, the bulls have managed to scare off the weak hands just as the next strong decline is about to commence.
35160 is an important area, it does not have to reach this number...it can truncate now. This Fibonacci resistance zone is also coupled with other indications at a confluence together. Every top in the bear market is met with less buy orders as those experienced in counter rallies, know to avoid buying the dip and prepare sell positions.
Tops take time to roll over, this is a multi decade top of perhaps 90 years since the Great Depression. We estimate this coming bear rout will take the Dow below 10,000 and possibly towards 5000 area by the times it's finished...perhaps 1-2 years or sooner.
Many won't believe it, like 1929 folks were so conditioned to expect a never ending mania and only small corrections. This era of the past 10 years especially, has been the everything speculation bubble...but the evidence of rot has been cunningly hidden and manipulated, add the absolute corruption with greedy and evil agendas...you have the makings of a full blown wipe out that will be truly historic....out of the ashes will come their new order.
The prepping and conditioning is rising with some form of Cyber event, remember, they are ALL working together. If you believe this world is not fully controlled and is random...then a shock is coming. A big enough financial take down will set the dominoes off.
Stay short or enter one of the lowest risk trades of a generation.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.