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Wow sub 45 nowlong red candles, lower opens, but long tail...

  1. 9,963 Posts.
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    Wow sub 45 now

    long red candles, lower opens, but long tail yesterday
    support showing imho

    i was laughed at in may at 79 calling sub 56 now its sub 45, i was too bullish lol!
    Fib 50% is at 40.00
    But i cant believe its down here not even Crash Season yet
    Aug normally sees a bounce.

    vale up 0.90% tonight
    djia up 1.2%

    rate cycle has now changed as inflation & growth tempers & unemployment spikes
    100 bp rate cuts expected in US in sept, oct

    the fed hopes to stave off the expected crash & help kamala win
    dont see either happening though.
    expect Fed to fail on both & forced into a 200 bp cut.
 
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