Short
Breakdown From Denial
Thank you for taking the time to read my idea, your support is appreciated!
Markets have clearly detached themselves from the insane valuations and disconnect.
Looks very much like a Wave 3 down is in the makings.
My downward trend channel is a guide only....anything can happen.
Twelve months ago we had a hidden and systemic banking liquidity problem
masked by relentless hundreds of billions injected by the FED to stop the hemorrhaging
or freeze interbank.
"Along came a virus" conveniently to cloak the sheer rot developing.
An intial mini crash has of course been reversed with mass liquidity which only serves
Wall St and the banksters....main st is left with crumbs like Roman days.
Now Corona is roaring back to Europe etc as predicted...this time they will accelerate
and expand their powers of control and finish off any notion of so called recovery.
A few months from now the housing mania will finally burst as unemployment and free handouts via welfare dry up. 2021 will witness a collapse 10 times the effect of 2008....pensions, bank accounts, bonds...all will incinerate....long term rates will rise. Cash will be removed and their digital world will be upon us into enslavement....unless you prepare now and hold precious metals and some crypto.
The big question is whether the markets will hold up until after the U.S election...will this be only a taster and say a 10% or so drop...no new stimulus is likely until early 2021...does Soros have a plan for Trump before November?
New highs before elections are very unlikely now....social unrest will build and if a collapse ensues...mayhem!
Good trading.
Markets have clearly detached themselves from the insane valuations and disconnect.
Looks very much like a Wave 3 down is in the makings.
My downward trend channel is a guide only....anything can happen.
Twelve months ago we had a hidden and systemic banking liquidity problem
masked by relentless hundreds of billions injected by the FED to stop the hemorrhaging
or freeze interbank.
"Along came a virus" conveniently to cloak the sheer rot developing.
An intial mini crash has of course been reversed with mass liquidity which only serves
Wall St and the banksters....main st is left with crumbs like Roman days.
Now Corona is roaring back to Europe etc as predicted...this time they will accelerate
and expand their powers of control and finish off any notion of so called recovery.
A few months from now the housing mania will finally burst as unemployment and free handouts via welfare dry up. 2021 will witness a collapse 10 times the effect of 2008....pensions, bank accounts, bonds...all will incinerate....long term rates will rise. Cash will be removed and their digital world will be upon us into enslavement....unless you prepare now and hold precious metals and some crypto.
The big question is whether the markets will hold up until after the U.S election...will this be only a taster and say a 10% or so drop...no new stimulus is likely until early 2021...does Soros have a plan for Trump before November?
New highs before elections are very unlikely now....social unrest will build and if a collapse ensues...mayhem!
Good trading.
Note
The Dow has finished five waves down with support again around 26600 today...an ABC bounce has commenced. This counter rally will whipsaw..but that's all this should be..a counter rally where we wait for and sell the rally!
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.