Photo by Arturo Añez on Unsplash
After being consistently bearish all year while the mainstream media pumped the markets, Chief Market Strategist Gareth Soloway has just flipped BULLISH in the near term—but it comes with a massive, chilling warning! In this eye-opening technical masterclass, Gareth breaks down exactly why the stock market, gold, and silver are setting up for a multi-week bounce, and why you need to tread very carefully.
Are retail investors walking right into an institutional trap? Gareth exposes the massive "Rounded Top" formation on the S&P 500, showing exactly how smart money has been quietly distributing shares to unsuspecting retail buyers who bought the hype at all-time highs. By stacking key technical factors—including critical trendline support and a perfect hit on the 0.236 Fibonacci retracement level—he maps out the precise launching pad for the current stock market bounce.
But here is where you need to play chess, not checkers. Gareth games out the market's next move, revealing that this upcoming relief rally is likely just forming the right shoulder of a catastrophic macro "Head and Shoulders" pattern! He factors in the macro environment, explaining how falling oil prices and fluctuating treasury yields are perfectly timing this temporary bounce, tricking the masses into thinking inflation is defeated. Once this bounce exhausts itself, the charts point toward a devastating breakdown later this year.
Plus, get Gareth's latest updates on the commodities market! Find out why he confidently shorted oil right before the drop (when everyone else was calling for higher prices), his target for Silver to bounce back to $80, and why Gold is beautifully holding its major support levels.
Video Length: 00:10:27
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