Short
The Dam Will Burst
The 13th of December shooting star will go down as the clearest top signal for many years.
Our stance has been solid that this was the top and since has been nothing short of meandering indecision from the bulls as to whether the inflation genie would vanish.
They pretty much concluded this past week that this monster is going nowhere.
Data is consistently stoking the Fed to keep raising rates, the cost of debt and servicing is becoming a serious issue. There are two choices here, raise rates much higher or destroy demand from the consumer via a collapsed economy. The Fed wants it's cake and eat it....they are designing this multi year destruction carefully. We warned of this situation the past few years, a designed collapse which serves to reset the worlds economies and cleanse the debt based system into a new world order.
Of course we are witnessing a slow motion train wreck, stealth and made believable to hide their shenanigans.
Most bulls were betting on a different outcome, refusing to heed the obvious sell signals everywhere and instead chose a contrarian view by the likes of David Hunter who called a huge rally and new highs...makes you wonder who he is really working for?
The Dow as expected, broke down through the trend line and followed through, a clear, solid sell signal on Tuesday. Like an oil tanker at sea, this market took time to turn, and the direction has clearly changed...now the question begs, where from here?
Perhaps this week will see a test of 32470, any firm close below this level will usher in a waterfall decline...too many bulls are now caught on the wrong side.
The October lows would be challenged in a higher degree wave three down, would have to be a considerable "news" event to burst the dam.
Gold continues it's correction from extreme overbought conditions, we continue to recommend this valuable asset and real money at discount prices, there could come a period where there is none available. The cycle in markets and economies has concluded, we are now in latter decline and the approaching collapse cannot be stopped, it has been papered over and postponed with endless debt, smoke and mirrors.
Being on the right side of a long term trade, holding precious metals and a proper mentality which is focused on honesty and truth will see you come out much better than most. Look upon the past few years as a test, a test also of your soul...don't let anything stop you from seeking the truth, the severe breakdown in markets will also break the weak and those without a spiritual hedge.
Appreciate a thumbs up...Good Trading & God Bless you all!
Our stance has been solid that this was the top and since has been nothing short of meandering indecision from the bulls as to whether the inflation genie would vanish.
They pretty much concluded this past week that this monster is going nowhere.
Data is consistently stoking the Fed to keep raising rates, the cost of debt and servicing is becoming a serious issue. There are two choices here, raise rates much higher or destroy demand from the consumer via a collapsed economy. The Fed wants it's cake and eat it....they are designing this multi year destruction carefully. We warned of this situation the past few years, a designed collapse which serves to reset the worlds economies and cleanse the debt based system into a new world order.
Of course we are witnessing a slow motion train wreck, stealth and made believable to hide their shenanigans.
Most bulls were betting on a different outcome, refusing to heed the obvious sell signals everywhere and instead chose a contrarian view by the likes of David Hunter who called a huge rally and new highs...makes you wonder who he is really working for?
The Dow as expected, broke down through the trend line and followed through, a clear, solid sell signal on Tuesday. Like an oil tanker at sea, this market took time to turn, and the direction has clearly changed...now the question begs, where from here?
Perhaps this week will see a test of 32470, any firm close below this level will usher in a waterfall decline...too many bulls are now caught on the wrong side.
The October lows would be challenged in a higher degree wave three down, would have to be a considerable "news" event to burst the dam.
Gold continues it's correction from extreme overbought conditions, we continue to recommend this valuable asset and real money at discount prices, there could come a period where there is none available. The cycle in markets and economies has concluded, we are now in latter decline and the approaching collapse cannot be stopped, it has been papered over and postponed with endless debt, smoke and mirrors.
Being on the right side of a long term trade, holding precious metals and a proper mentality which is focused on honesty and truth will see you come out much better than most. Look upon the past few years as a test, a test also of your soul...don't let anything stop you from seeking the truth, the severe breakdown in markets will also break the weak and those without a spiritual hedge.
Appreciate a thumbs up...Good Trading & God Bless you all!
Note
Wave 1 bottomed and now a corrective wave 2 up.Update on Sunday!
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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.
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.