1:10pm EST: Breadth is pegged at a high once again with very little gain in the inverse volatility SVXY. A decline into the weekend could result. UPRO may not have hit it's low and needs to catch up.
Original post-
The turn signal shown on 11/22 below [chart from 11/26/21] is now confirmed. The decline should be pulling back in some subsequent sessions and then to continue after that. A terminal top is not expected but a move towards May '21 prices is probable with the option to challenge Feb/March '21 prices. There could be another decline into the weekend.
Additionally- Fri 12/10/21 is the next realistic event target date. Looking to see a high that marks the continuation down on one or two of the preceding days 12/7 - 12/9. Either that or 12/10 marks the high / resumes the decline that day or the next session.
Off the record: It will not matter to the market regarding a 'government showdown'. The timeline that was already set in motion will not be defeated by the Fed, the Pres. the GOP or anyone else whatever happens positive or otherwise.
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
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