S&P500 Short, The rise of globalizationWith the US. Economy showing signs of a decline in growth be it through the freezing of hiring of new employees, personal savings decline even worse than before the pandemic, sky-high interest rates, etc. and with conflicts arising in Eastern Europe and the South China Sea putting a strain on resources, it brings to question whether or not everything should be globalized to efficiently manage resources like a bee hive, as a means to prevent global conflicts and give everyone a decent standard of living.
SP500 bottom is a long way to go. 5th Generational warfare will likely play out as foreign currencies cash in on this opportunity to establish global dominance IF world leaders decide not to participate/continue plans for a technocracy. Blockchain technology can be the vessel to help govern us w/o bias from tradeoff, taking into account/analyzing the metadata we (individuals and corporations/stakeholders) provide through our thoughts and transactions.
People may hate or dislike the WEF or the Bilderberg Group. Still, I believe they are Earth’s best hope for the continuation of government and civilization even if it means at the temporary cost of human life and individual quality of life via sustainability.
A correction is coming either by force from mother nature or by choice from world leaders. I say this given the scarcity of resources and lack of continuous innovation to efficiently use the available pool of resources to sustain the infrastructure of society as it stands.
Trade
E: 412
SL:450
TP:273
Key dates to take note of:
Sept. 26th
Oct. 28th
Resistance in from 440 to 410 given:
-PA near VWAP sourced from Point of Deflection
-PA near 0.5-0.618 fibs of wave A
-PoC of wave A being defined as the upper limit at 440
Confirmation of signal will happen once we close under 410 on a daily candle. Dates noted earlier are like when volatility ends or begins. HV indi on the daily gives warning of vol expansion soon, but the weekly vol contraction is at play meaning we may distribute/consolidate around 400-430 for the next 3 months under the dates noted earlier to trigger the final nail in the coffin to ~$200
.
BTC will likely consolidate as well during this time staying at a neutral bias until 21k is broken to the downside or it continues to coor. with SP500.
