This pair should tank from here for the better part of this Century - and may be even the next.
... SHORT it for 650 pips more, most likely.
A 70% decline for the SP500 is a foregone conclusion. (Not just because of technical reasons , those just happen to coincide.) For the analytic process see this post ("Bubble End Game - DJIA"); Game on!!
OK, so this I had mapped out quite a while ago but despite my general agreement with the widely circulated May 24, 2021 Dooms Day predictions (in as much as a likely date around which the music will stop ), this (chart)setup was still missing it's trigger . - Until last Friday, that is. That last 15 minutes of trading on Friday, March, 26., 2021 was no ordinary...
... A Blow-off Top in equities . The Daily;
Aside from a total U.S. Market Capitalization that is now in excess of 260% of U.S. GDP (the historic norm, not the low, being 78%!) ... ... and a Doubly Exponential; f(x)=a^(b^x), Central Bank(s) push in equities , up to this point, ... ... and the leverage in the system (U.S. equity markets) now easily the eclipsing all previous records, by any measure, ...
... And the Price Levels. (Ought to speaks for itself.) Same as the Title Chart - less distorted;
Unless it can push above $84130 by next week, it's likely done for, at these levels.
If you see $70 dump it with both hands and eyes closed! They will probably Stop Hunt the recent top at $68, though. The Monthly;
Speculators (Loonie longs) are starting to have a difficult time here to get any more skewed than they already are. (and all for what?!) Also, they are unlikely be able to take too much heat, in what is The Weakest FX (long) positioning in the civilized world, before a spectacular implosion. This one (title chart) is a severe liquidity issue, at best; The...
This is one of (if not "The") worst Carry Trade in modern times. (And it' is - will be - extremely illiquid when the time comes!!) The Weekly;
... Feel free to come up with your own preferred narrative. Here is the the Original Post; This current post; is generally just a cleaned up version of the original.
Could Coffee drop to $0 (or even go negative), much like crude oil did not too long ago??... You be the judge. While currently long (a generational speculative bubble and all), this is likely the one to watch for one of the greatest Short Setups in ages! Here is the Monthly. See it, yet?... No?! The Quarterly; How about now? Still no?! Let me zoom in for you.
... and try to find multiple-100s of pips, even in over-manipulated junk such as the USDCHF. Let's see if it's possible... The title chart is the USDCHF Monthly, as it stands at the end of this quarter - 03/2021. What is the story here?... It appears that this pair is rather predictable and has been obeying all the major support/resistance levels (PRZs), going...
... When: The funding a 36-year stream of expected inflation-adjusted spending requires over 38 years of money up-front; Every single decile of S&P 500 components is at record valuation extremes; www.hussmanfunds.com The amount of leverage in the system (U.S. equity markets) is now easily the highest in history, by any measure, not just in absolute terms!...