Tomorrow we are looking at a -400 point drop in SPX and 40+ on VIX. Thereafter, things will trade turbulently for a while so take your profits and stay in cash till PM’s move. The T-BondChart has been signaling this set up for a month - I used it as a timing mechanism by comparing the 2020 crash with current trends in my own style of Charting.
So, this Bear has been down but not out. Look at the charts. Wiley coyote cannot dance upon the canyon air. The FED will fail. It appears they are failing - look at the $....This market is set up as the hallmarks for the greatest crash in all of human history. A repeat of 2020, on steroids...we’re trading now beyond the normal...
Many have predicted a second, more severe, crash. It’s my contention it began weeks ago in preparation for today, the beginning of the greatest crash of world markets, ever. My predictions for 7/21/21: SPX 2400 and VIX 105.
The equity markets are a bit top heavy right now. Who reading this doesn’t know that already. But when will the markets crash, again? Maybe someone else can explain the mechanism at work here but I’m betting on a second crash to begin this week. If I had money to spare I’d go long EURUSD till it tops at 1.15ish (maybe a 1.16 handle?) then roll the short back...
