Posted by DigiNomad on 22nd of Jan 2024 at 04:00 pm
If we gap down tomorrow, I think so.
Interesting that there are pronounced divergences now on the
daily, but the weekly strength was so good that it essentially blew
them out on that time frame. The divergences on the monthly
are BANANAS - nothing similar to compare with in the last 20+
years.
Monthly chart is essentially a monument to money printing and
MMT. It's completely obvious where the spikes are when looking at
that time frame. The question is if we can ever let the bills get
paid to the piper. I think we went too far already and there is no
return without calamity. Hopefully we can push it out with more
printing for 50 or 60 years until I'm gone.
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Do we have an evening
Posted by kab34 on 22nd of Jan 2024 at 03:51 pm
Do we have an evening star pattern developing?
If we gap down tomorrow,
Posted by DigiNomad on 22nd of Jan 2024 at 04:00 pm
If we gap down tomorrow, I think so.
Interesting that there are pronounced divergences now on the daily, but the weekly strength was so good that it essentially blew them out on that time frame. The divergences on the monthly are BANANAS - nothing similar to compare with in the last 20+ years.
Monthly chart is essentially a monument to money printing and MMT. It's completely obvious where the spikes are when looking at that time frame. The question is if we can ever let the bills get paid to the piper. I think we went too far already and there is no return without calamity. Hopefully we can push it out with more printing for 50 or 60 years until I'm gone.