EOD: Nothing has changed in the near-term outlook. A turn signal down is very likely expected to appear soon. Most likely a day or so after another high. A lower high is the most likely scenario in SP-500 cash while lots will be cooing about the 'rally' up into the holiday.
Original post-
Short Term- a small top could confirm in here with declining prices headed towards late May/June '21. A bigger top first draft time target is expected early '22 [Jan/Feb].
Commentary- at the risk of sounding arrogant, nothing in developments reported in the news such as the appointment of Powell, bond-buying, corporate reports or the weather in Bali will ever change the patterns that are bound to complete their intentions. This is a conclusion drawn from thousands of hours of observations. The market is larger than any event or the intentions of those in 'control'. It has to go where it is bound. It is not a wavering creature though it may look that way often especially if the critical underpinnings are not analyzed correctly... and particularly will not matter if the analysis here has prematurely computed patterns and data.
The bots will flag here when they see a top. (1/25/20, 2/20/20)
This Information Is For Entertainment Purposes Only. Financial Loss Can Occur From Investing.
Our favorite go to site- McVerry Report
No comments:
Post a Comment