The formation is there but we need to see follow through. I think it will most likely follow through if the FED raises rates and that will smash the commodity prices including oil. Protect yourself with some puts would be a good move.
I believe the history will repeat itself. Nobody knows how it will happen but the best thing for anybody to do is to diversify.
I believe S&P will form H&S pattern and correct 20% in the first quarter of 2022.
I think there is something big coming to the markets. Trade with caution.
I can really feel the pattern but I don't have the 8 ball.
Thanks for the view and please comment. I think health sector is in Danger!
Follow the process or at least try to before making a dumb decision base on your emotions... Trust me it can be painful...
Current wave count for S&P is so much different from Nasdaq wave count. Will we have a BIG 5th wave up for S&P which will be the final wave before ABC wave down correction? I have so much questions...
Apple likely ready to drop 50% from recent high.. I would not look for any long positions here. I would be careful.
Just be careful out there because we might be heading towards a big deflation event. NOT INFLATION... DXY could break above $130 and TLT could break above $200.
It will likely do ABC correction down towards $50.
First Majestic Silver might be signaling big silver crash in price and the next coming depression. Everyone who bought into inflationary assets are going to get hurt IMO. Don't go all in on inflationary assets it's best to diversify because things don't always go the way you think it will. May be at least not in the short term and that can hurt you and might force...
It's going to move up fast from here and crash 80% within one year from the top IMO.
Might be indicating a recession around the corner and it will be deflation. NOT inflation. Treasuries yields are also signaling deflation recession might be very near.
This is one of the indicator I use for projecting oil prices. I think oil prices are likely to collapse back down to $20 or lower in the next down turn.
We are on the edge of credit bubble bursting into flames lol. All this is going to be deflationary environment NOT inflation. You can't have inflation without credit. I believe we are on the edge of commodities meltdown cause by THE GREAT RESET of the world's credit system. Not the kind of reset everyone is expecting which is inflationary. This is going to be The...
Interest rates are going to crash commodity, stock prices and bonds.
I believe oil will retrace back to $50 starting from these levels.