11/18/2025
The last two lows, the wave one low Nov 7 amd Oct 23 are now upside resistance. The reason for the strong declines the last two days is that wave three is underway. PMO bottom and RSI top on this hourly chart are too oversold to buy now. The bigger picture is that we are more certain the final high for the markets is in.
The uptrend line is broken.
SPX the same
NDX the same
Silver PSLV
I recommended Sprott Silver which owns the actual silver, not a bunch of miners. It promptly retreated but looks like it has found a temporary bottom.
Bonds
TBF rises as bond prices fall and interest rates rise, it needs to break higher for a better assurance of an uptrend.
My long anticipated stock market top is at hand. This should be a very profitable two year move on the short side.
Again SH short SPX
PXQ short NASD
HDGE short DOW
DWSH short DOW and others
TBF short bonds
Always interested in hearing from readers on the new blogspot format and what we are reporting, hope it is useful.
No comments:
Post a Comment