Dear fellow patriots. In a series of posts I’ve been saying repeatedly that I think that the S&P is going to crash hard, with the first phase of the crash coming as this quarter. This is not “THE BIG ONE”, that comes later, but this should be big enough to put heat on Biden and the Dems.
Specifically I mentioned that the S&P is behaving almost exactly like it was last year prior to the crash. First there was a big rally from the prior quarter. Second there was a selloff in the last week of January that hit the 50 day moving average. Third there was a rally in the first week of February. Fourth there were new highs in February, but they were not very significant.
We are in the last part of the sequence and that is a hard selloff starting the last week of February. We are seeing indications of that from yesterday and today’s trading. The S&P has already hit the 50 day moving average again, that is twice within the span of 30 trading days.
If the pattern plays out like last year, the back half of the week should start to see some real deep selling.
I have posted my prior threads below so you can go more into depth as to my reasoning which ranges from the rise in the yields of the 10 and 30 year bonds to the lack of participation of most FANG stocks in this year’s rally to all time highs.
If this unfolds then my downside targets are as follows: First target 3580, Second target 3390, Third target 3230.
Dear fellow patriots. In a series of posts I’ve been saying repeatedly that I think that the S&P is going to crash hard, with the first phase of the crash coming as this quarter. This is not “THE BIG ONE”, that comes later, but this should be big enough to put heat on Biden and the Dems.
Specifically I mentioned that the S&P is behaving almost exactly like it was last year prior to the crash. First there was a big rally from the prior quarter. Second there was a selloff in the last week of January that hit the 50 day moving average. Third there was a rally in the first week of February. Fourth there were new highs in February, but they were not very significant.
We are in the last part of the sequence and that is a hard selloff starting the last week of February. We are seeing indications of that from yesterday and today’s trading. The S&P has already hit the 50 day moving average again, that is twice within the span of 30 trading days.
If the pattern plays out like last year, the back half of the week should start to see some real deep selling.
I have posted my prior threads below so you can go more into depth as to my reasoning which ranges from the rise in the yields of the 10 and 30 year bonds to the lack of participation of most FANG stocks in this year’s rally to all time highs.
If this unfolds then my downside targets are as follows: First target 3580, Second target 3390, Third target 3230.
Pay attention to the rising yield on the 10 year bond. It will be a major factor in crashing the market under Biden https://patriots.win/p/11SJtECEIz/pay-attention-to-the-rising-yiel/ PREDICTION: S&P Crashes 50% in 2021, Sooner rather than later https://patriots.win/p/11S0uRpLmh/prediction-sp-crashes-50-in-2021/ Biden Economic Collapse Watch: What I'm watching on the S&P 500 ( https://patriots.win/p/11SK7ICmlr/ Biden Economic Collapse Update - Crashing the S&P 500 with no survivors https://patriots.win/p/11SKGc8Muf/biden-economic-collapse-update--/ Biden Economic Collapse Watch - S&P gets bounce in front half of week but will it hold?
Biden Economic Collapse Watch - Biden's anti oil policies causing crude to rally despite weak global demand https://patriots.win/p/12hR2tX5Rm/x/c/4Dvobb8NAuH?d=50 Biden Economic Collapse Watch - Signs of a topping market -NASDAQ hits all time highs without FANG stocks https://patriots.win/p/12hR2tWWsi/biden-economic-collapse-watch--s/
Biden Economic Collapse Watch - The S&P is looking a lot like it did last year right before the crash https://patriots.win/p/12hR7UVnbt/
Biden Economic Collapse Watch - S&P behaving nearly identically to 2020 prior to collapse https://patriots.win/p/12hRZcWvGl/ Biden Economic Collapse Watch - 10 year yield rallying approaching pre Covid levels will cap this equities market https://patriots.win/p/12hRZfw6lO/biden-economic-collapse-watch--1/