SPY Scenarios
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Not Financial Advice.
Looks like a few scenarios could play out here, rally to new highs or continue the downtrend. I don't see people talking about that massive bullish engulfing on the weekly?? I see a lot of news and retail is extremely bearish talking about recession and depression. This is dumb money and to me it makes me extremely bullish short term. Perhaps if sentiment changes in the bull trap that could develop then I would switch back to bearish. Want to see a drawn out bull trap of like a 6 month rally to top of megaphone wedge and rejection to new lows would be perfect to fuck over retail. They re-enter the positions they jumped out of at the lows at the range highs then rinse and repeat.
People saying the Federal Reserve is out of ammo are on crack. The USD is the reserve currency of the world today like it was yesterday, rates are at zero but still not negative, and now the FED is going to buy ETFs. To me this could launch another leg in the markets to new highs. Eventually this Ponzi will unravel. Maybe in the mid 2020's when the boomers are pulling more out of the market than millennials can put in with their 401k's. Or maybe millennials put their 401k allocations to gold and bitcoin and thus the capital flows to equities ends up really shrinking to the point where the FED can't keep up without buying majority share of equities? will be an interesting decade.
Looking at most stocks like Boeing, LMT, Tesla, and others, I wouldn't want to buy these stocks here. Why? I want to buy a massive crash or just look at accumulating cheap commodities which are already down massively.
The equities market could take years to unravel like the Nikkei. I think Commodities see greater returns over the next ten years vs equities, but that is my thinking and shouldn't be viewed as financial advice. Interested to hear others thoughts...
Peace out and God Bless.
Looks like a few scenarios could play out here, rally to new highs or continue the downtrend. I don't see people talking about that massive bullish engulfing on the weekly?? I see a lot of news and retail is extremely bearish talking about recession and depression. This is dumb money and to me it makes me extremely bullish short term. Perhaps if sentiment changes in the bull trap that could develop then I would switch back to bearish. Want to see a drawn out bull trap of like a 6 month rally to top of megaphone wedge and rejection to new lows would be perfect to fuck over retail. They re-enter the positions they jumped out of at the lows at the range highs then rinse and repeat.
People saying the Federal Reserve is out of ammo are on crack. The USD is the reserve currency of the world today like it was yesterday, rates are at zero but still not negative, and now the FED is going to buy ETFs. To me this could launch another leg in the markets to new highs. Eventually this Ponzi will unravel. Maybe in the mid 2020's when the boomers are pulling more out of the market than millennials can put in with their 401k's. Or maybe millennials put their 401k allocations to gold and bitcoin and thus the capital flows to equities ends up really shrinking to the point where the FED can't keep up without buying majority share of equities? will be an interesting decade.
Looking at most stocks like Boeing, LMT, Tesla, and others, I wouldn't want to buy these stocks here. Why? I want to buy a massive crash or just look at accumulating cheap commodities which are already down massively.
The equities market could take years to unravel like the Nikkei. I think Commodities see greater returns over the next ten years vs equities, but that is my thinking and shouldn't be viewed as financial advice. Interested to hear others thoughts...
Peace out and God Bless.
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Aging really well so far. I can't believe I nailed that resistance line. Let's see if we flip it I think this is the line in the sand and the only one that mattered to begin with.
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