To be clear, I will always be long DJIA (meaning a 10 year plus horizon).
I am short and medium term bearish, so I listed this chart as Neutral. Draw your own conclusions.
Given the current position in the DJIA uptrend, current economic events, political evnts, and other world issues, I see limited upside left.
The chart shows DJIA uptrend is consistently stable from 1915 to present.
When the white support trend is broken, during any uptrend, it is a clear exit.
Multiple times the uptrend is broken with trend failure, sometimes followed by sideways movement or recession.
We are currently in an ascending wedge ending in 2023.
If the last year of the wedge does not fill, according to previous patterns, December 2021 will be end of pattern.
Based on the 105 years shown, I feel it is clear what direction we go around December 2021.
Bad News - we are on borrowed time. The rug could get pulled any day now.
Good News - we may have up to 1 year to acquire hard assets (gold, silver), stock derivatives (GLD, GDX, SLV), bitcoin, and cash.
In an economic downturn, the bank may not be able to provide liquidity for your funds.
If everyone comes to get 10K limit in the same day, banks will not have enough cash and will have Federal order to shut down.
Gold, silver, stock derivatives and bitcoin will increase in value.
As the Fed prints more cash to relieve pressure, it will compound the problem and further drive value in hard assets.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short AAPL and SPY.
I am short and medium term bearish, so I listed this chart as Neutral. Draw your own conclusions.
Given the current position in the DJIA uptrend, current economic events, political evnts, and other world issues, I see limited upside left.
The chart shows DJIA uptrend is consistently stable from 1915 to present.
When the white support trend is broken, during any uptrend, it is a clear exit.
Multiple times the uptrend is broken with trend failure, sometimes followed by sideways movement or recession.
We are currently in an ascending wedge ending in 2023.
If the last year of the wedge does not fill, according to previous patterns, December 2021 will be end of pattern.
Based on the 105 years shown, I feel it is clear what direction we go around December 2021.
Bad News - we are on borrowed time. The rug could get pulled any day now.
Good News - we may have up to 1 year to acquire hard assets (gold, silver), stock derivatives (GLD, GDX, SLV), bitcoin, and cash.
In an economic downturn, the bank may not be able to provide liquidity for your funds.
If everyone comes to get 10K limit in the same day, banks will not have enough cash and will have Federal order to shut down.
Gold, silver, stock derivatives and bitcoin will increase in value.
As the Fed prints more cash to relieve pressure, it will compound the problem and further drive value in hard assets.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short AAPL and SPY.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.