A quick follow up to my previous posts about the TSX or the colony of Canada, if you prefer.
Quick observations on a long timeline weekly chart:
We bounced off the top of the channel top for over a year
Major roll over into a recession/depression/stagflation ... take your pick at this point
Commodity super cycle talk seems to be done for now as we can assume the markets are generally manipulated (research gold)
My expectations:
We will at least hit the middle of the channel (middle line) and if things continue to get bad (nukes anyone), look for an overshoot to the downside.
BUT... if the volatility shoots up in the the highs of the year, I can guarantee big ass bear market bounces. So go long on vix highs before you get back to the bear side.
Hope that helps?
Quick observations on a long timeline weekly chart:
We bounced off the top of the channel top for over a year
Major roll over into a recession/depression/stagflation ... take your pick at this point
Commodity super cycle talk seems to be done for now as we can assume the markets are generally manipulated (research gold)
My expectations:
We will at least hit the middle of the channel (middle line) and if things continue to get bad (nukes anyone), look for an overshoot to the downside.
BUT... if the volatility shoots up in the the highs of the year, I can guarantee big ass bear market bounces. So go long on vix highs before you get back to the bear side.
Hope that helps?