MARKET CRASH IS COMING
One of the things that many Twitter users have noticed is that they are suddenly being inundated with crypto scams. With the crash of FTX and demise of many crypto coins, it’s a pretty risky time to be gambling in the stock market as well. But even China is now back in headlines with Covid restrictions. So much for opening.
My prediction is if it does not fall in next two weeks we will NOT see a bull market. Just looking at VIX volume and algo tracking behavior of today's chart and the one from 2008. Lines up perfectly with this VIX chart overlay. If the trend line continues to track 2008 VIX would start ripping after Thanksgiving. My tinfoil contribution for today.
LQD finished at a 52-week low today - $101.17 and the VIX is pushing 34…..seems to me that the 2008 maybe starting already….in view of LQD making new lows today.If we get a Hot CPI tomorrow, the 2008 move could commence in rapid fashion….imho…10% down in SP possibly. pic.twitter.com/ESxftqrHGY— Juaninamillion (@Carl_Zamora5) October 13, 2022
Here's a little freak show for everyone.$VIX daily RSI is the lowest today since 2004.— Sven Henrich (@NorthmanTrader) November 7, 2022
Only 2008 & 2016 came close to this low reading since 2004.
In 2008 new lows came after that reading for the low in 2009.
Not a prediction, just observing. pic.twitter.com/s3oVNhAXlP