IMPORTANT: US Stocks On a Powell Rally Until New Year - Buy Now!
So we have seen the market reacted positively on the 3rd quarter - US Grew 3.5 % - GDP reports mostly a look in the rear mirror instead of the road ahead. The economy exploded in the spring and summer, propelled by tax cuts, strong consumer spending and rapid business investment.
But, but, but... All that sounds good right? Nah, it might sound counter intuitive but high Consumer Spending and strong trust = The more likely we are to witness a Market Crash - And it will happen I'm convinced - within a year or two.
After Federal Reserve Chairman Jerome Powell yesterday soothed worries about the pace of future interest-rate increases, experts believes that we might witness a New Year Rally in US Stocks. And so do I.
After his speech we got some firework.
Dow: +2.5%
Nasdaq: +2.95%
SPX: +2.30 %
It all matches my predictions I've made earlier. Looking at DJIA (Dow Jones) we have had Hidden Bullish Divergence (in fact on all major US key Indexes), which could indicate some good months before a potential Market Crash will occur.
We had some problems in October after a 10 years historical low month. October is known for being the most volatile though.
But looking at the 1D Chart you can see, how we for the first time in long time fell down under all the EMA's. Huge panic spread. An ugly HS formation was suddenly also in play.
But watch now. We are again cruising on top of the EMA's - and we will probably do that for a while. Buy US Stocks now before the crash.
D4 <3
But, but, but... All that sounds good right? Nah, it might sound counter intuitive but high Consumer Spending and strong trust = The more likely we are to witness a Market Crash - And it will happen I'm convinced - within a year or two.
After Federal Reserve Chairman Jerome Powell yesterday soothed worries about the pace of future interest-rate increases, experts believes that we might witness a New Year Rally in US Stocks. And so do I.
After his speech we got some firework.
Dow: +2.5%
Nasdaq: +2.95%
SPX: +2.30 %
It all matches my predictions I've made earlier. Looking at DJIA (Dow Jones) we have had Hidden Bullish Divergence (in fact on all major US key Indexes), which could indicate some good months before a potential Market Crash will occur.
We had some problems in October after a 10 years historical low month. October is known for being the most volatile though.
But looking at the 1D Chart you can see, how we for the first time in long time fell down under all the EMA's. Huge panic spread. An ugly HS formation was suddenly also in play.
But watch now. We are again cruising on top of the EMA's - and we will probably do that for a while. Buy US Stocks now before the crash.
D4 <3
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.