Today the S&P 500 closed below the 50 day moving average and at the lows of the day for the 2nd time within a month. Like a battering ram slammed against a door, the more you hit it the weaker it gets. When it was in this same position in January, a close below the 50 DMA on a Friday, the powers that be brought it a little lower on the following Monday and short squeezed the bears off of the low to another slightly higher high in mid February similar to 2020 prior to the crash.
As I have been saying over and over, I think we are looking at a hard sell off of 10-15% in the first quarter. This is not the big one, I think that comes later this year. But here are the 3 scenarios I think we are looking at:
1)The market collapses first thing Monday and just sells down to the 3400 area which is the 200 day moving average over the next few days/weeks similar to last year.
2)The market gets a small bounce next week and then collapses through the 50 day moving average just like last year with the first target the 3400 area.
The market does what it did in January and starts off with a fake drop on Monday and squeezes the market up to the 4000 area and they save the market for the time being.
The biggest catalyst is going to be what happens to the yield on the 10 year and the 30 year government bond. Yes, the FED will try and stop it from rising by buying bonds to keep prices up, but the question is will it be enough to keep the bond market from dumping anyway. We will find out in the weeks to come.
A swift 10-15% selloff will stifle the Biden Regime and the Dems who do nothing but antagonize Trump supporters, try to pass job killing legislation, and fire missiles at Syria. None of that is good for the economy which will be front and center with crashing market.
Prior posts listed below if you want to see more details.
Dear Fellow Patriots,
Today the S&P 500 closed below the 50 day moving average and at the lows of the day for the 2nd time within a month. Like a battering ram slammed against a door, the more you hit it the weaker it gets. When it was in this same position in January, a close below the 50 DMA on a Friday, the powers that be brought it a little lower on the following Monday and short squeezed the bears off of the low to another slightly higher high in mid February similar to 2020 prior to the crash.
As I have been saying over and over, I think we are looking at a hard sell off of 10-15% in the first quarter. This is not the big one, I think that comes later this year. But here are the 3 scenarios I think we are looking at:
1)The market collapses first thing Monday and just sells down to the 3400 area which is the 200 day moving average over the next few days/weeks similar to last year.
2)The market gets a small bounce next week and then collapses through the 50 day moving average just like last year with the first target the 3400 area.
The biggest catalyst is going to be what happens to the yield on the 10 year and the 30 year government bond. Yes, the FED will try and stop it from rising by buying bonds to keep prices up, but the question is will it be enough to keep the bond market from dumping anyway. We will find out in the weeks to come.
A swift 10-15% selloff will stifle the Biden Regime and the Dems who do nothing but antagonize Trump supporters, try to pass job killing legislation, and fire missiles at Syria. None of that is good for the economy which will be front and center with crashing market.
Prior posts listed below if you want to see more details.
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/ 1.22.2021
PREDICTION: S&P Crashes 50% in 2021, Sooner rather than later https://patriots.win/p/11S0uRpLmh/prediction-sp-crashes-50-in-2021/ 1.18.2021
Biden Economic Collapse Watch: What I'm watching on the S&P 500 ( https://patriots.win/p/11SK7ICmlr/ 1.27.2021
Biden Economic Collapse Update - Crashing the S&P 500 with no survivors https://patriots.win/p/11SKGc8Muf/biden-economic-collapse-update--/ 1.29.2021
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 2.4.2021
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/ 2.4.2021
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/ 2.5.2021
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/ 2.19.2021
As Predicted - S&P 500 selling in last week of FEB - Biden could be fucked by a crash https://patriots.win/p/12hRizqrUe/ 2.23.2021
Biden Economic Collapse Watch - S&P could finally be crashing as predicted and screw Biden and the Dems https://patriots.win/p/12hkOy9ZDE/biden-economic-collapse-watch--s/ 2.25.2021