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Keep preaching doom and gloom boys. I'm riding the S&P500 to heaven, while you jokers stay on the sidelines. The momentum is with the bulls, like it or not. The psychology is fear. FEAR OF MISSING OUT!
I've done my own analysis, and it has nothing to do with fundamentals. Who needs to an economics degree, when you can trade this market knowing everything about psychology. Don't come crying to me in 12 months time when the S&P500 is trading between 1500 & 1700.
That's a big lie sold to the public. That fear drives the market. It sounds logical doesn't it? But the fear of mums and dads has f-all to do with anything. Sure the hedge funds have some sway, and the a lot of pension funds are actually pretty bad investors. But it's the banks, especially central banks owned by banking families that have the financial fire power to drive the markets. They need to majorly cash out slowly before pulling the plug again and picking up again at the next lows.
Gann is also saying 60(1949) and 30(1979) years cycles are the most important cycles and also to check all years ending 9! So I think there will be a severe decline in september! it looks like 1929 :-)
This gives us an upside target for the s&p at 965. However, failing to do so and a break of the lower price trendline (upward slope starting from 879 through to 888 on June 23 is all we need to confirm the rally is over. In fact, given that the s&p has broken the 900 level, we are currently on our way DOWN.
The s&p does not need to break 870 to confirm the bear trend. For example, if we look at the 2 momentum peaks in the RSI on May 22 and June 22, and cross reference these RSI momentum peaks to the price momentum lows on the same dates, we note that the RSI has registered a positive reversal.
the globex high for the rally was on Friday 5th June which was 91 calendar days up from the March low - that's a typical move low to high (Gann) so that's probably the high imo considering the sentiment readings at that point - I think the fast move down starts when sp500 falls below 870 - if sp500 holds above that level then a new high is possible as I said in the video but I doubt it
your chart is wrong! Compare nasdaq 2000 -? with dj 29-43
mib68 1 year ago
It won't happen until they raise interest rates. Might require a change of government. Then money will exit assets back to cash.
sang3Eta 2 years ago
According to your charts, the crash was meant to happen in JUNE.
LOL, how wrong you were.
supanya123 2 years ago
if your in retail sales, you will see a big differnce, and it sucks!
vicodin75 2 years ago
This comment has received too many negative votes show
Keep preaching doom and gloom boys. I'm riding the S&P500 to heaven, while you jokers stay on the sidelines. The momentum is with the bulls, like it or not. The psychology is fear. FEAR OF MISSING OUT!
MrSydneyKing 2 years ago
Commercial Real Estate is about to destroy more banks, what the hell do you see that others don't?
fox20012 2 years ago
So everyone keeps saying. But I don't see that happening. The market is right, and there ae too many pessimists out there still.
MrSydneyKing 2 years ago
you better do you home work, dont just listen to what people say
fox20012 2 years ago 2
I've done my own analysis, and it has nothing to do with fundamentals. Who needs to an economics degree, when you can trade this market knowing everything about psychology. Don't come crying to me in 12 months time when the S&P500 is trading between 1500 & 1700.
MrSydneyKing 2 years ago
FOX20012,
how can 1 do his/hers homework wen u recommended that 1 shouldnt listen 2 wot people say?
johnnytheprick 2 years ago
That's a big lie sold to the public. That fear drives the market. It sounds logical doesn't it? But the fear of mums and dads has f-all to do with anything. Sure the hedge funds have some sway, and the a lot of pension funds are actually pretty bad investors. But it's the banks, especially central banks owned by banking families that have the financial fire power to drive the markets. They need to majorly cash out slowly before pulling the plug again and picking up again at the next lows.
sirbadman 2 years ago
Those banking families also own the media, I have seen them thanking the CEO of major media stations at their Bilderberg meetings
fox20012 2 years ago 2
You may be right. Put a weekly chart on the wall...and it looks like it's going up. SO, go with the trend. Use stops.
ghahandi 2 years ago 2
I think the next market crash will be priced against gold and the nominal value of the dow might increase while crashing in gold.
stellaconcepts 2 years ago
excellent video and viewer contribution
wenrock 2 years ago
Gann is also saying 60(1949) and 30(1979) years cycles are the most important cycles and also to check all years ending 9! So I think there will be a severe decline in september! it looks like 1929 :-)
bubusss234674 2 years ago
This gives us an upside target for the s&p at 965. However, failing to do so and a break of the lower price trendline (upward slope starting from 879 through to 888 on June 23 is all we need to confirm the rally is over. In fact, given that the s&p has broken the 900 level, we are currently on our way DOWN.
Clipper52a 2 years ago 2
The s&p does not need to break 870 to confirm the bear trend. For example, if we look at the 2 momentum peaks in the RSI on May 22 and June 22, and cross reference these RSI momentum peaks to the price momentum lows on the same dates, we note that the RSI has registered a positive reversal.
Clipper52a 2 years ago
Excellent analysis!
1120ok 2 years ago
Is your timing for this upload a hidden statement? Meaning can it start on a Black Monday?
OPPI007 2 years ago
the globex high for the rally was on Friday 5th June which was 91 calendar days up from the March low - that's a typical move low to high (Gann) so that's probably the high imo considering the sentiment readings at that point - I think the fast move down starts when sp500 falls below 870 - if sp500 holds above that level then a new high is possible as I said in the video but I doubt it
chartprophet 2 years ago