Short
Crash Warning!
The Dow has formed an ascending wedge of large proportion the past 11 months.
We can clearly see since 2018 a trend line and a wedge coming together.
This market has either topped or is very close to completing over 100 years of pattern.
Some gyration room a little higher from here can happen but any breach of the lower
red trend line will confirm the turn and additional shorts.
The purple line is our wedge size to measure the fall from the top...8200 point drop minimum!
We either crash within the next few weeks/months or postpone it through even bigger stimulus that generates high or hyper inflation eventually.
The Fed must choose to sacrifice the U.S dollar or the market?
Our position is to remain small short and add on the breakdown...market risk is bigger than ever in history coupled with converging bearish patterns.
Remember - Nobody rings the bell at the top.
Some surprise is lurking as always when complacency or insanity reigns.
We can clearly see since 2018 a trend line and a wedge coming together.
This market has either topped or is very close to completing over 100 years of pattern.
Some gyration room a little higher from here can happen but any breach of the lower
red trend line will confirm the turn and additional shorts.
The purple line is our wedge size to measure the fall from the top...8200 point drop minimum!
We either crash within the next few weeks/months or postpone it through even bigger stimulus that generates high or hyper inflation eventually.
The Fed must choose to sacrifice the U.S dollar or the market?
Our position is to remain small short and add on the breakdown...market risk is bigger than ever in history coupled with converging bearish patterns.
Remember - Nobody rings the bell at the top.
Some surprise is lurking as always when complacency or insanity reigns.
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.