Fundamental Analysis: -All the fed printing is gonna raise inflation, the common man has no assets. -6-10% unemployment, 20%+ if you focus on blue collar workers. >Seemingly no foundation to our economy -Increased likely hood of collapsed accelerated by record high margin rates. -Stock/housing bubbles across Canada and US...
Technicals: -Very strong RSI bearish divergence indicating slowing down of bullish momentum, MACD bearish cross indicating the opposite. -Broken rising wedge indicated by the blue lines. -Broken 20 day moving average
Targets: Markets on average crash 42%, considering the overall market valuation; I think that figure is possible. (And also coincides with the support line on the Weekly chart)
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