S&P (I call this one "Perspective")

22 nov 2021

Friends, I have one more "BONUS" chart for this evening before I head off to bed. This is a MONTHLY Chart of the Standard and Poor 500 Index. This is a MONTHLY chart, so it carries weight. The most impressive thing about this chart is the comparison of the last two booms and busts and how small they seem by comparison they are to the bubble we are in today. Honestly a third grader could see this chart and understand the magnitude of the bubble we are in. And like all bubbles, there is a day of reckoning. I am placing a crash alert out NOW, for a MASSIVE downside move BEFORE January. We have tagged the full 4.236 Fib extension, and actually have wicked above it. Whenever this one pops, the only words I can use are, "Brace for Impact!". It is coming and there is not anything you or I can do about it Not entirely true, I guess you can short it, like I plan on doing soon. :P

Have a GREAT WEEK!!! :o)