@WyckoffAnalysis We haven't done P&F for the S&P in a while. Can we consider the trading range from Sept 2025 to March 2026 as a countable accumulation and the April rally as a major sign of strength?
@WyckoffAnalysis We haven't done P&F for the S&P in a while. Can we consider the trading range from Sept 2025 to March 2026 as a countable accumulation and the April rally as a major sign of strength?
@DaveHcontrarian@paraisosix@notmynamethis@RoyaEnayat17741@stevesezz When we hit previous targets of 6000-7000 S&P, they were not exactly parabolic. By "melt-up" I assume there will be a parabolic/peaking price action like when silver went to $120 or the 1929 melt-up. Is this what we expect as a sign for the end of this secular cycle top?
@DaveHcontrarian@john_kurgan@ngrevas In May in June, not July? Do you feel the parabolic meltup can happen this quickly? Also, do you think the 9500 target is conservative and can potentially go higher? Thanks.
@DaveHcontrarian@FoodHou67882697@rynojp@xchchiamining@Silver__Santa I think the Ukraine 2022 scenario is unfolding now, maybe a bit worse. The Iran war is a much bigger event than Ukraine in 2022. Not a macro-strategist, it just seems obvious that oil shortage now is far worse than back in 2022.
@DaveHcontrarian@EmmaWilsonwc2sn@joeschmo88888 Do you see this collapse as somewhat similar Russia's decline in the late 90s ? Similar events took place: high inflation, endless crime, corruption, lack of healthcare and social services, no funding for the military, default, etc., or something even worse?
@DaveHcontrarian@ConstantinF15@ItsPrem If USDCAD drops (20-30%) to nearly 0.90 during the melt-up, it will cancel it out for Canadian investors in US equities. TLT seems like a better option during the decline, when both TLT and USD go up together. Any thoughts about Canadian TSX index? It correlates with S&P closely.
@DaveHcontrarian@ConstantinF15@ItsPrem Thank you, and as I recall the bust comes after the 80% market crash. Then dollar decline then should take place through both the melt-up and the 80% crash.
@DaveHcontrarian@ConstantinF15@ItsPrem Is this going into the final meltup phase or after the bust when we get a new commodities cycle? Difficult to hold positions in US-denominated assets from Canada if the meltup coincides with a USD bust relative to CAD.
@DaveHcontrarian The 1980 silver peak price is about $180 in today's dollars, inflation-adjuted. So maybe we are just revisiting the 1980 resistance level.