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How to Break a Massive Downside Breakout Structure
The S&P or the NASDAQ 100, on an annual momentum chart against a three-year average of 36 months, which we often use, are not confirming. It's the biggest pending downside breakout structure that I've seen in a century of stock prices. So it looks to me to be inevitable that it's going to break down. And when it does, it should be quite severe and also indicate a massive furtherance of the asset class shift already underway.