Short
The Storm Is Coming
December the 13th 2022 was the clear signal that this market had exhausted itself.
The Fed's goosing flushed out a lot of bears as bulls bought in with both hands.
A shooting star candle occurred which we updated as a major top and turn...at last.
The Dow has fallen since that fake spike, a move designed to make everyone lose. Now the Dow has lost over 2000 points from the top and is now in a clear retracement bounce.
Our update two days ago called for a bounce.
If not already short, this weak Santa rally will go no higher than around the 34,000 mark...a very big storm is coming for 2023.
Since October we have been wrong like many who believed the bear market would resume sooner.
The rally was a much higher retrace, most bears gave up.
Those most pessimistic threw in the towel on the 13th, a Fed smash and grab.
Debt is the problem, rate rises are feeding into the world economies. Government debt servicing costs like public debt costs are mushrooming. Many home mortgages the past two years are rising rapidly coupled with much higher inflation across all goods purchased...15% from a year ago minimum.
When debt servicing costs adjust higher into 2023, watch a flood of properties hit the markets and prices crash.
A wave three down of higher degree will hit this world in 2023, their next plandemic of "Catastrophic Contagion" is in the pipes.
Summary: Either the Dow has retraced complete today or another day or so towards 34k. Just gotta have that Santa feel before the whole house of cards comes crashing down.
Appreciate a thumbs up and wishing you all a Merry Christmas & God Bless!
The Fed's goosing flushed out a lot of bears as bulls bought in with both hands.
A shooting star candle occurred which we updated as a major top and turn...at last.
The Dow has fallen since that fake spike, a move designed to make everyone lose. Now the Dow has lost over 2000 points from the top and is now in a clear retracement bounce.
Our update two days ago called for a bounce.
If not already short, this weak Santa rally will go no higher than around the 34,000 mark...a very big storm is coming for 2023.
Since October we have been wrong like many who believed the bear market would resume sooner.
The rally was a much higher retrace, most bears gave up.
Those most pessimistic threw in the towel on the 13th, a Fed smash and grab.
Debt is the problem, rate rises are feeding into the world economies. Government debt servicing costs like public debt costs are mushrooming. Many home mortgages the past two years are rising rapidly coupled with much higher inflation across all goods purchased...15% from a year ago minimum.
When debt servicing costs adjust higher into 2023, watch a flood of properties hit the markets and prices crash.
A wave three down of higher degree will hit this world in 2023, their next plandemic of "Catastrophic Contagion" is in the pipes.
Summary: Either the Dow has retraced complete today or another day or so towards 34k. Just gotta have that Santa feel before the whole house of cards comes crashing down.
Appreciate a thumbs up and wishing you all a Merry Christmas & God Bless!
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.