The complete weakness in that rally shows how valid and strong the full bear market is. Its not at all just a correction. Its a bear market with small rallies at key support. Yea..it does look like a break below 5000 will take us to 4500 before a small bounce rally.
Shiller PE is currently around 30, Secular Bear markets used to bottom between 5 and 10. Before the fed invented QE and stopped the decline at 14 in 2009.. Although Im still not sure if this a cyclical or secular bear..
The world is literally at its end game. We are now close to having a meltdown ...trillions are being lost each day. Factories are shutting down. People are losing their jobs and any second now there is about to be a collapse bigger than any collapses we have seen in history.
We've gone back and forth a number of times and not gonna repeat how the V has been the way of the world for a long time. I think that was a time where I saw that it had to go lower based on the short term selling momentum. It wasn't that I changed my tune or my ways. Anyways, I still don't trust this move lower here and feel like it's going to rip back to the 440-450s soon. Even though it was there this morning. Also, I'm a big believer in the monthly chart and up until March ended, there was a point where the monthly candle nearly got saved. You were correct in saying it would reverse. Where we were on March 26th to March 31 made a huge difference in the candle.
I can't believe there was an uproar about the price of eggs a month ago Now trillions have been lost in retirement accounts as stocks collapse and eggs have finally come back down in price.... Can't wait to see millions of people protesting this one soon. It's going to be quite a scene..
Futures turned green... .won't stay like that for long. As soon as the masses wake up and get a chance to sell they will be out of the market. just shorted 1 r2k contract.