Goldtent TA Paradise

$SPX Monthly. The support line and 50 month SMA converge at about $3300, by end of 3rd qt.,2022. That’s my price and I’m stickin to it.

1. Gold Learner says:

   January 28, 2022 - 11:40 am at 11:40 am

   Sir ISarmina,

   Great chart!
   Please hear me out.
   The revelation since the epic crash of March 2020 (or, if you will, the Repo crisis in Sep 2019) has been the role of the Fed (how many governors traded and retired) and the BIGGEST of the BIG MONEYED interests (Bill Gates, Jeff Bezos, Nancy Pelosi, big pharma).

   All this supply shortage, is induced, not natural. By the way, I have held this “opinion” since May 2020. If ships are stuck at ports and people who are supposed to work in factories that produce goods are locked down in their homes, supply chains are being intentionally disrupted. On top of that the vicious circle of hoarding and therefore more shortages. Thus the resulting higher prices, and more inflation and more higher wages and more lockdowns and more inflation being inflicted upon the hapless consumer.

   As and when “things” start to turn back to “normal”, now the Fed, who always had ulterior motives, going back at least 15 years, is told by Jamie Dimon et al to be hawkish.
   Now, the retail investor, a.k.a. bag holder is wondering why the Fed is not (or will not) come to the markets’ rescue.
   They cannot believe the punch bowl is finally being taken away.

   The retail investor has taken out home equity lines of credit because their homes surged in prices. With that cash they bought bitcoin, stable coins, Robinhood shares, Peloton. Even my honest hard working neighbor opined to me to buy Paypal when it was around 275, saying it will surely go to 500 in an year or two. I do not blame him.

   GL