TLT will soon become (its already started if youve been paying attention) a major safe haven Rate cuts are imminent and is typical of the market...so is a corresponding market crash Weve already caught our flight...have you?
As with SPX, XLF is headed to what we think is a MAJOR TOP We will save the long diatribe but the implications of this are disturbing to say the least What are the implications? Increased layoffs Increased unemployment Increased Bankruptcies Bank Insolvencies of various levels Restrictive Credit in spite of rate cuts Etc, Etc, Etc Prepare yourself
There is so much we could say about why SPX and the market in general seems to be headed towards a generational top...but it would just be repeating what we have been yelling from the rooftops for the last year or so lol We will save the history lesson and say check out the related links But know this...YOU WERE WARNED Could we be wrong? Of course we can be...
We have been steadfastly saying that GMEs price structure is bullish Even as price made its way back down to under 19 we were pounding the table on here saying that NOTHING HAS CHANGED with the price structure The reason we can be so confident is because no matter what Reddit says- TECHNCIAL ANALYSIS WORKS ON GME We use a simple system that combines Elliott...
We will save the long diatribe and let the charts do the talking Remember in Elliott Wave Theory all Fibs are significant but the 618s (0.618, 1.618, 2.618, etc) are particularly magnetic to price. B U C K L E U P
XLF is heading to a significant crossroads We will get into the details of the price structure in a future post but know that we STRONGLY feel XLF is heading towards a MAJOR TOP SPX is in a similar position and its downturn is going to amplify XLFs speed lower As we said previously this will definitely rattle world markets As the Banks go, the markets go Boy...
SPX is definitely on borrowed time J.Powell has signaled that the Fed has finally seen enough and is ready to act But If you havent done so already, go look at the last couple times the Fed cut rates after an extended period of tightening....history doesnt repeat but it often rhymes But hey..maybe this is time is different.. And maybe it isnt...
As those who follow us know we have been warning about XLF and the story we are seeing within the price structure As the Financial Sector goes..so does the rest of the markets I really truly hope we are absolutely wrong about this call because this is definitely going to rattle world markets
The Qs are in a similar position as other markets Price is at a critical junction and how the next pullback is handled will tell us, like SPX, are we headed to marginally higher ATHs or MUCH lower
TLT, as we predicted last year is shaping up to be very explosive Its so far one of our best performing trades in our 2024 portfolio RATE CUTS ARE IMMINENT
It is time for GME to get moving Elliott Wave has charted the path B U C K L E U P...
SPX has retraced to the area we have been calling out for the past week or so How it handles the next pullback will decide if we head to new ATHs or continue to MUCH lower levels
Ok that wraps up this week All in all a good week! XRT and broader market found some strength which helped push GME higher in spite of low volume Expect more of the same next week..provided the market keeps it bullish legs B U C K L E U P
SPX is at a critical junction How price handles this region will determine if we head significantly lower...soon Or head to one more high and then head significantly lower
Should head to the 24 area provided we get some volume and the broader market heads a little higher
This will be our final public post The collapse of modern society and capitalism has begun We must focus on preparation May you all be safe
XLF.... I could on long diatribe about the Banking sector and financials and the economy... But I'm not You want to know why? (i'm going to tell you regardless) It's because deep down you know that the Banking system is a house of cards and these Bankers..JUST..CANT..RESIST..THEMSELVES SHORT XLF...for now...and then a Big Short (pun intended) later (i'll...
We firmly believe that the major stock indexes have a very dire Macro outlook. We will not go into details here (see our other posts) but with the market heading for a downturn we thought it would be awesome to show other small retail investors (thats what we are) that there is nothing to fear. Well nothing to fear other than blowing up your account- we do not...