Wed Jan 19 2022
My friends at Elliott Wave Intl are trying to call a top in a market they date back 233 years, okay so they were off a year, not a big oercentage mistake.
SPX a weekly close bellow 4572 turns the weekly trend down, today we closed 4532.
NDX NASD 100 a weekly close under 15,545 turns this one down today was 15,048
Markets are oversold, so this could turn around in two days
and rally into early November, lower highs than we saw in November when most indexes topped, will be more evidence that the long bull market from you name it
1788 1932 1948 1982 2002 2009 has ended
UNG dropped 80 cents today
that looks like an extreme 4th wave low
Biden New Conference
He thinks the supply chain causes inflation
Go read Milton Friedman, the money supply versus productivity drives inflation, the FED has injected three trillion, and your Congress has added to the gasoline fire, not to mention more regulations, no wonder inflation is up
Comments