Possible S&P500 bottom, and wealth redistribution
Technical:
S&p500 holding critical support (yellow ema), a possible bottom will be 503EMA or circle marked in the chart, if Williams AO does its crossover, prepare for vacation.
Fundamental:
Rate hikes are the least of the worries, everything seems bearish. The only hints of hope are the US unemployment rate below 4% (somehow low), and the Ukraine war. NATO and US were in decadence before it and Putin fell in their trap invading an useless country geopolitically speaking. Us is redefining it's status quo by making another war, but this time they're not fighting it directly, will be that cheaper or expensive?
Opinion:
Every TV clown educator has been posting their bearish bias and i won't be the exception, everybody is right when markets are trending (bullish or bearish), the only thing they don't know it's where the bottom (or top) is, they will keep selling useless trading signals, but the thing is there won't be business anymore, the golden era of scamming people is over, at least for now and for the next years, even brokers (market makers) are facing financial issues and we'll see bankruptcy so it would be a great idea cashing out your assets if you don't want to lose it all. It will be a great depression tier freefall, a chud's and a poljack wet dream. But it won't be like that neither. The water they're storing will end mouldy, the ammo dusty they will use just one bullet ;) and the shinny rocks seized or buried somewhere in the dirt. An anarchist dystopia is unrealistic in a country like the US or any west one, worse things happens in third world countries on a daily basis and even so, people manage it to live their lives almost on a normal way but they're too dumb to realize, they are so used to their consumist way of living they think the world ends when they won't find their favorite snacks on a Wal-Mart or any supermarket. Will be a hard time for US citizens, but what's surprising me is how people are realizing now we are in a recession we were already years ago, the signals were pretty obvious: inflation, expensive housing, lots of homeless in top tier cities, r****ds and illiterate people making millions (WSB, Crypto, meme stocks). Will be a healthy recession and a healthy wealth redistribution to the smart hands.
S&p500 holding critical support (yellow ema), a possible bottom will be 503EMA or circle marked in the chart, if Williams AO does its crossover, prepare for vacation.
Fundamental:
Rate hikes are the least of the worries, everything seems bearish. The only hints of hope are the US unemployment rate below 4% (somehow low), and the Ukraine war. NATO and US were in decadence before it and Putin fell in their trap invading an useless country geopolitically speaking. Us is redefining it's status quo by making another war, but this time they're not fighting it directly, will be that cheaper or expensive?
Opinion:
Every TV clown educator has been posting their bearish bias and i won't be the exception, everybody is right when markets are trending (bullish or bearish), the only thing they don't know it's where the bottom (or top) is, they will keep selling useless trading signals, but the thing is there won't be business anymore, the golden era of scamming people is over, at least for now and for the next years, even brokers (market makers) are facing financial issues and we'll see bankruptcy so it would be a great idea cashing out your assets if you don't want to lose it all. It will be a great depression tier freefall, a chud's and a poljack wet dream. But it won't be like that neither. The water they're storing will end mouldy, the ammo dusty they will use just one bullet ;) and the shinny rocks seized or buried somewhere in the dirt. An anarchist dystopia is unrealistic in a country like the US or any west one, worse things happens in third world countries on a daily basis and even so, people manage it to live their lives almost on a normal way but they're too dumb to realize, they are so used to their consumist way of living they think the world ends when they won't find their favorite snacks on a Wal-Mart or any supermarket. Will be a hard time for US citizens, but what's surprising me is how people are realizing now we are in a recession we were already years ago, the signals were pretty obvious: inflation, expensive housing, lots of homeless in top tier cities, r****ds and illiterate people making millions (WSB, Crypto, meme stocks). Will be a healthy recession and a healthy wealth redistribution to the smart hands.
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