Another red day and another nail in the bull coffin. Our last idea called for a short based on exhaustion and a very tired market. The top could well be in this time, a break of our red line has occurred and any real negative event could set off a dramatic plunge.
Bulls were warned, most will hang on until much later. The "presidents" latest to mandate the injections to those refusing has a lot to do with the market jitters. How can economies function by millions refusing the jab and being sacked? What happens when the cure is worse than the disease? We will find out very soon.
Bears will be rewarded for many years of frustration in the coming wipe out. An utter collapse will involve either some military or cyber attack event. An event designed to shock, ushering in total acceptance of a new dystopian/digital system that will change everything. A bio-metric track and trace system to live under total control else be shut out.
Stock up on food and supplies before the stampede or inflation rises. Remove cash from the banking system. Protect with precious metals.
Hold short and possible bounce early next week, if the top is in, sell the rallies!
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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.