IS THE STOCK MARKET IN A 'COMPLACENCY' PHASE? - CryptoManiac101
Dow Jones / US ECONOMY
Will we defy all logic and push towards 40,000+ points or will the bulls have their last laugh as it crashes towards 7,000 points?
Trillion dollar question for sure. Solely relying on fractals and TA, it does look like we are in a Complacency phase right now, ready to head back down as the news networks scream 'BULLISH' with bankers and hedge funds urging buyers to LONG as the US Economy Reopens. Of course, looking at everything that has been going on thus far in the world, we can easily see DOW reverse back up to resume it's bullish move, however, the virus should and probably will be used as an excuse to deflate the world's stock, bond and derivatives markets that have been in an immense bubble for the last several years.
Stay tuned as we watch the history being made on day to day bases right in front of our own eyes.
Will we defy all logic and push towards 40,000+ points or will the bulls have their last laugh as it crashes towards 7,000 points?
Trillion dollar question for sure. Solely relying on fractals and TA, it does look like we are in a Complacency phase right now, ready to head back down as the news networks scream 'BULLISH' with bankers and hedge funds urging buyers to LONG as the US Economy Reopens. Of course, looking at everything that has been going on thus far in the world, we can easily see DOW reverse back up to resume it's bullish move, however, the virus should and probably will be used as an excuse to deflate the world's stock, bond and derivatives markets that have been in an immense bubble for the last several years.
Stay tuned as we watch the history being made on day to day bases right in front of our own eyes.
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