statistically speaking after the S&P has dropped over 10% from ATH's the average drop resulting was 27% on average (if I'm not mistaken) not to mention: deflation is bound to happen on the global scale & .... battery day is next year? .. ill buy then .. all jokes aside, I don't think the market will trade at this far of a forward PE for much longer. Plus, low...
I think rates are going lower, the U.S. could even possibly try negative rates. In all honesty, it seems more probable than rates going higher (in the short term at least). Simply due to the fact that consumer lending is depreciating at a very rapid rate (especially now when UE benefits have been decreased along with stimulus "talks" resulting in no stimulus )....
looking for an immediate reversal, if no volume comes in SPY remains unstoppable... I am personally expecting a "risk off" day today going into the weekend. any break of 328 ( sub .236) and bears are back in control till about 308. Not expecting that to happen soon, by no means.... but a boy can dream.... GL!
deflation either the dollar sells off once more, going to 91.30, breaking out of 4.618 fib circles doing so... then starts an uptrend once again, or this is the start of a massive bull run from this bottom here, due to a globally deflationary economic environment. the world reserve currency is set to outperform very excited to see how this plays out PTs .. 108,...
same chart as previously posted, just added indicators and updated trendlines, the pictures below are on the futures.
looking for a gap fill on the upside before hand.. long term im extremely bullish on SPCE, however, still in the first wave of 5.. & it looks like we might see more downside before ATHs again. this chart it reminds me of BTC! after B is done we'll be able to get accurate fib extensions as well.. GL!
deflation coming soon, worse than march... confirmation will be a break and hold above 96.50
9/21/20 bonds and yields have one more leg up before the world loses faith in both the treasury and fed. potentially as high as 198+ highest speculative short positions on TLT in 2020 as well