The biggest Bubble Ever Blown!

14 gen 2020

Beware here....the rising wedge is the final wave of a bull market. Expect a big pullback in 2020. If there should be none there will definitely be a 50% pullback following the election. No need to get short until the support line of this move is broken and then becomes resistance and a Fibonacci level has been reached simultaneously. Make no mistake this is a bubble. However Bubbles can go on for a long time. Stocks are way over valued. Lending has fallen off a cliff in the Feds latest report. You can usually get out without enduring much damage on the rebound. The Fed just injected massive amounts of money into the banking system in October. This causes banks to have to raise cash reserves. Banks raise cash reserves by slowing lending and selling risk assets to buy treasuries.