Commodities in their epic rallies have recently gotten in large resistance levels. We're at true make or break levels for these. They can either get through the current zones and go into a more impressive uptrend... or they can turn fairly soon and enter into savage bears. The bear scenario currently looks the better trade. Revisions to this if we break the short stop loss area.
One would have to wonder, what sort of state of affairs would we need to be in to see commodities (Including gold) crashing. Crypto crashing. Stocks crashing. And the USD flying? That'd require a deflationary event. The type of which we've not had for close to 100 years.
One would have to wonder, what sort of state of affairs would we need to be in to see commodities (Including gold) crashing. Crypto crashing. Stocks crashing. And the USD flying? That'd require a deflationary event. The type of which we've not had for close to 100 years.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.