Extremely important junctionThanksgiving 2019: Next week's financial index movement shall perhaps be the single most important of the entire US market. Although we are in a short term state of bullish exhilaration, bearishness has been a prevalent theme of the entire bull run since 2008 with crash theories surrounding every juncture. XLF is perhaps the only remaining index that clearly still shows why, because it still has not exceeded the 2007 highs. However, we are ticks away from exceeding that high now.
My theory is that if XLF fails to exceed that high of 30.87, then the most bearish theories that exist suggesting near complete destruction of the financial system as we know it and eventual market crash back toward the 2008 lows are still valid. However, if we shoot past this value, then I doubt that any such crash will come to pass in the decades ahead and the central banks will at least have succeeded in protecting America's financial system and the market lows of 666.
I do not know what will pass, but I think we are at a very important juncture.
