Few people realize it but this is a huge moment for the markets. Which ever way it decides to break will be a defining move this year. Check out the video to see why I lean bullish on this recent price action.
To add onto what’s shown in the video this March low was one that we have been predicting since the start of the year. I recently laid out my bullish thesis for you in a previous post. In that post I switched my stance from new lows to higher lows. Well here we are.
People wanted low asset prices to buy and in my opinion this price action confirms to us a low to buy and that we are officially in a bull market. Of course only time will tell but everything I am seeing is telling me that the fear and panic of a 2008 style banking collapse is way overblown.
Of course it will not be a straight ride up but looking back in 6-12 months people will likely see this as the major inflection point that kicks off a multi year bull market.
This is a bold call and its hard to make posts like these when all you see is fear in the media but again this market is telling us it does not care and it simply does not want to go down. I could see a dip happening after the Fed’s decision next week but again as long as it doesn’t break the low from Monday dips are for buying. It’s time to step up to the plate.
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