Hi Folks:
Here's an idea of what could happen in 2022. I have many reasons to believe that stocks will crasy massively and Covid/Omicron or any other variant is not the main reason.
Stocks are insanely high and with possible interest rate hikes in the coming year people will move money off to other safe treasuries.
29k area means quite a lot of sense to me, but I would not be surprised to hit 26k. I am not planning to short even though I am very tempted, but instead I will let prices drop and join the next correction up.
Shorting indexes is always a bad idea unless you know what the consequences are.
STAY SAFE. Cheers.
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
Here's an idea of what could happen in 2022. I have many reasons to believe that stocks will crasy massively and Covid/Omicron or any other variant is not the main reason.
Stocks are insanely high and with possible interest rate hikes in the coming year people will move money off to other safe treasuries.
29k area means quite a lot of sense to me, but I would not be surprised to hit 26k. I am not planning to short even though I am very tempted, but instead I will let prices drop and join the next correction up.
Shorting indexes is always a bad idea unless you know what the consequences are.
STAY SAFE. Cheers.
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
