Time to short the US stock market
Triple top with higher lows formed... low risk, high reward. Target 30% correction over next three years...
If we look back to last two major market tops of spring 2000 and fall of 2007, IWM peaked first (russell), followed by DJI and of course the overheated QQQ's (nasdaq) last... same as happening now. The easy play is to play the next lower high... if market is rolling over the next high will be lower... like where the dow is here.
If we look back to last two major market tops of spring 2000 and fall of 2007, IWM peaked first (russell), followed by DJI and of course the overheated QQQ's (nasdaq) last... same as happening now. The easy play is to play the next lower high... if market is rolling over the next high will be lower... like where the dow is here.
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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.