Stocks will break above resistance (red line) today.
The bullish falling wedge formation (blue lines) now has a confirmed breakout.
(Click on image to enlarge)

This increasingly looks like the next major leg up. Stocks will be reclaiming their bull market channel that has guided the markets since early April.
(Click on image to enlarge)

This opens the door to a run to 3,600+ on the S&P 500.
(Click on image to enlarge)

At the end of the day, it all boils down to what I’ve been saying since 2017… that the Fed and other central banks are trapped in a vicious cycle through which it INTENTIONALLY creates bubbles to deal with each successive bust.
We had the Tech Bubble in the ’90s.
The Housing Bubble in the mid-00s.
And now the Everything Bubble in 2020.
On that note, we’re putting together an Executive Summary on how to play this move.
It will identify which investments will perform best during the Fed’s next bubble, including a unique play that could more than double the performance of the S&P 500.




Comments
Log in or sign up to join the conversation.