In 2022, before the bear market began, we saw the same pattern that we're seeing now:
1. Sine wave pattern
2. Fake recovery
3. Break above the sine wave top
4. Sharp decline
Last week, right after the sine wave top was broken, U.S. bonds were downgraded AFTER OFFICIAL MARKET SESSION!
It’s no surprise that rating agencies are losing confidence in the U.S. government's ability to repay its debts.
Just look at the rising interest payments — if that’s not a wake-up call, I don’t know what is. 😕
I don’t live in the U.S., but I’m genuinely concerned that a collapse — which now seems nearly inevitable — will impact the entire world.
Going long in U.S. markets under these technical and fundamental conditions? Putting all your eggs back into that basket? Really?
I hope this gives some perspective.
Trade safely, trade small, and keep your risks minimal.
1. Sine wave pattern
2. Fake recovery
3. Break above the sine wave top
4. Sharp decline
Last week, right after the sine wave top was broken, U.S. bonds were downgraded AFTER OFFICIAL MARKET SESSION!
It’s no surprise that rating agencies are losing confidence in the U.S. government's ability to repay its debts.
Just look at the rising interest payments — if that’s not a wake-up call, I don’t know what is. 😕
I don’t live in the U.S., but I’m genuinely concerned that a collapse — which now seems nearly inevitable — will impact the entire world.
Going long in U.S. markets under these technical and fundamental conditions? Putting all your eggs back into that basket? Really?
I hope this gives some perspective.
Trade safely, trade small, and keep your risks minimal.
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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.
Related publications
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.