- The situation for the stock market is really terrible. The fundamentals have never been worse in the last decade and it looks like we are going to drop even lower.
- We have probably started a brand new major uptrend in interest rates that can reach 15% – 20% in the near future. Also, government bonds are rising, which is deadly for the stock market.
- Let’s be honest, it’s not the best time to be in the markets if you are an investor. I believe there is an opportunity for swing traders and also day traders.
- There is a possibility of a 10-year sideways bear market for the whole stock market, as happened in 2000 – 2009 or 1968 – 1980.
- The price is moving in a pattern and there is more than enough space to go lower from the current price.
- Regarding my analysis, we have completed 2 first waves (A, B) and we are currently in a C wave if we want to stay . It can also be a third wave of the impulse (1, 2, 3, 4, 5) as a scenario.
- I expect the 2700 level to be a strong support, which is also the FIB from wave A -> B. There is also a confluence with the POC level of an expanding triangle from 2018 – 2020.
- Look at my ideas about GOLD and Bitcoin in the related section down below.
Professional trader and analyst. My specialization is in Elliott Wave Theory, Fibonacci tools, chart patterns, candlesticks, and price action. To analyze market structure, I use market profile and volume profile in my trading system. To analyze trends, I use trendlines, VWAP, and simple moving averages.