Boy This Feels Familiar
This upward madness sure feels a lot like the last days of the upward madness earlier this year. I don't know about a crash like COVID, but it does seems like sideways to downward movement would continue to December 15th when I would guess the FED will have some other crazy plan to boost prices for the Christmas season. One day they will use this as a case study of what not to do in a crisis. Perhaps the most important rule in money is do not spend it in a fearful panic-filled emotion, and that is precisely what we have done. It is only a matter of time before it catches up with us.
Note
Oh also, downward movements seem to often come in chunks of 7 and 14 (1 or 2 weeks). We are exactly 14 days away from that December 15th mark...coincidence?
The prediction is in...
= FIB
= FIB
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.
The prediction is in...
= FIB
= FIB
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.