Triple Top Apple going down - ultimately a head and shoulders
Updated
Apple will pierce the 50 and go back to it's latest accumulation area due to coming out with nothing new besides a crappy calculator and hitching it's failing stock (Buffett sold) to the latest bubble fad: AI.
I see Apple ultimately failing because the future will get rid of free business models for "stake holders" - if Biden gets reelected because we will have DIGITALID after the election and CBDC's shortly after that. If Trump gets in we'll morph to a gold standard, and Apple will have one last gasp of an idea that completes the right shoulder before the global economy is lost to global depression because of The Great Reset which is unavoidable due to currencies being ticking time bombs due to the coming sovereign defaults.
This will ultimately push up the dollar to 160+ before imploding itself.
I don't see ANY reason to hold Apple here. Fear and Greed is turning on the Weekly and Greed is losing momentum, RSI turning down and MACD is forming a crossover soon.
I'd buy puts on this: September 130 going for .25, this will return 20x.
NOT FINANCIAL ADVICE
I see Apple ultimately failing because the future will get rid of free business models for "stake holders" - if Biden gets reelected because we will have DIGITALID after the election and CBDC's shortly after that. If Trump gets in we'll morph to a gold standard, and Apple will have one last gasp of an idea that completes the right shoulder before the global economy is lost to global depression because of The Great Reset which is unavoidable due to currencies being ticking time bombs due to the coming sovereign defaults.
This will ultimately push up the dollar to 160+ before imploding itself.
I don't see ANY reason to hold Apple here. Fear and Greed is turning on the Weekly and Greed is losing momentum, RSI turning down and MACD is forming a crossover soon.
I'd buy puts on this: September 130 going for .25, this will return 20x.
NOT FINANCIAL ADVICE
Note
Triple top fractal - will the third shoulder be a triple top as well?Note
I'm on the side that the FED will be more hawkish because stocks are not melting down to warrant rate cuts - which illustrates the lagging indicators and reactive nature of the FED. If this is the case, this will spark turmoil in the markets and will push rate cuts to September AFTER the market melts down (Precious metals and miners,
SPY, 
NVDA, KRE, EURSD). This will kneejerk the markets even lower to reset values before blasting off (like Covid) in fall - right before the election. The media will fawn over Biden (if he doesn't bow out to Newsom or Michelle before then) and talk about market ATH's due to the FED cutting rates and juicing the markets (one last time). If Powell and the FED are dovish, then inflation will reignite even harder going into the election. If the FED is dovish, then all bets are off and I'm fully into precious metals and miners. Hedging along the way for Black Swans (check out my
SILJ fractal chart that shows another market capitulation (maybe due to birdflu or Taiwan).After the election, reality will set in, and the markets will take a huge dive after inflation reignites and the FED is forced to raise rates (for the last time). This will cause a kneejerk reaction in the markets and destroy EVERTHING as the dollar
DXY ascends to 140-160+. If Biden is elected, the US and the rest of the world gets CBDC's after great chaos (war, Pandemic2 etc.). If Trump gets in we're transitioning to a gold standard which will bring about a temporary deflationary collapse while robot AI is rolled out. Europe MAY get to transition to the same if Trump gets in, if Biden gets in, Europe is LOST to hordes of immigration and the WEF's Great Reset will happen the way they want it to.
Either way you'd be wise to stock up on food, ammo and precious metals and cash (if Trump gets in - if Biden wins it'll be banned).
Also, bitcoin will descend like Harry Dent talks about, so will gold. Gold will go back down to $800 an ounce, bitcoin $4,000 before the next generation of technology takes gold to $20,000 and bitcoin to $400,000+.
Then it'll all be tested when the pole shift happens in 2046...
Enough stories for today!
Note
x.com/SuburbanDrone/status/1801251682120065449Big tech implosion next week?
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