Short
The Next Shoe To Drop
Markets look to have completed their corrective rallies as the Dow also topped on the 29th of March. Our Fibonacci resistance area has held and repelled any further gains, declining from this level in a first wave down of many.
We wait with baited breath on the next shoe to drop, Russia has announced from 1st April that European and all others will have to open a Russian bank account and deposit Rubles for payment else the gas and oil contracts are null and void...turn off supply. Instead of sanctions hurting Russia, the world has faced blow back regards inflation pressures and the Russian economic surplus has doubled in March.
Either this is a designed and well planned execution of proportion to derail the economies and bring about a collapse or they have completely lost their analytical calculations?
Was it not obvious Putin would have them over a barrel?...pardon the pun.
Trannies were crushed on Friday around 5%...wave 3 down has already begun.
The bounce has very likely terminated...just waiting for the next shoe to drop.
Heat is about to be turned up on those who ignore the danger.
Recession is coming, virtually assured.
Precious metals are running out, ignore the market prices "disparity"....back logs of weeks are everywhere, demand is at record levels.
Hold Dow short or add positions.
Appreciate a thumbs up...Good Trading!
We wait with baited breath on the next shoe to drop, Russia has announced from 1st April that European and all others will have to open a Russian bank account and deposit Rubles for payment else the gas and oil contracts are null and void...turn off supply. Instead of sanctions hurting Russia, the world has faced blow back regards inflation pressures and the Russian economic surplus has doubled in March.
Either this is a designed and well planned execution of proportion to derail the economies and bring about a collapse or they have completely lost their analytical calculations?
Was it not obvious Putin would have them over a barrel?...pardon the pun.
Trannies were crushed on Friday around 5%...wave 3 down has already begun.
The bounce has very likely terminated...just waiting for the next shoe to drop.
Heat is about to be turned up on those who ignore the danger.
Recession is coming, virtually assured.
Precious metals are running out, ignore the market prices "disparity"....back logs of weeks are everywhere, demand is at record levels.
Hold Dow short or add positions.
Appreciate a thumbs up...Good Trading!
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.