2019 - 2020 RECESSION IS COMING AND HOW TO MAKE MONEY ON IT
When looking at the 2008 recession i noticed some similirates. The first wave ended at a 1.618 extension which is also did in 2019. What next? We then had a impulsive wave up, touching the 0.618 extension of the 2nd wave up in 2008. In 2019 we are doing the same, but this time the wave went above the 0.618. It states that wave 2 can reach a maximum 0.786 extension before it invalidates.
In 2008 we saw 5 waves down with the the last wave ending at a 2.272 extension. If we repeat history we should be seeing the exact same.
A 2.272 extension of 2019 will bring the SPY to 150.
Also look at the RSI, from 2008, each time it did 2 lower highs, with bearish divergence. Look what we have in 2019? The exact same with, 3 lower highs!
I am confident we should see a crash coming soon, and you should be looking to short stocks.
Firstly we should look at very overvalued stocks. So which stocks am i shorting?
NFLX
AMD
PYPL
LULU
In 2008 we saw 5 waves down with the the last wave ending at a 2.272 extension. If we repeat history we should be seeing the exact same.
A 2.272 extension of 2019 will bring the SPY to 150.
Also look at the RSI, from 2008, each time it did 2 lower highs, with bearish divergence. Look what we have in 2019? The exact same with, 3 lower highs!
I am confident we should see a crash coming soon, and you should be looking to short stocks.
Firstly we should look at very overvalued stocks. So which stocks am i shorting?
NFLX
AMD
PYPL
LULU
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.