...The majority keep thinking simply because the market is at all-time highs, there MUST be a major crash on the horizon.
As long as we DO NOT elect any Monthly Sell Signal, there remains the risk that this market will reach our next target of 40,000 in the 2022-2023 time period. Looking further out, the target will remain as 65,000. The major support remains at the 27,000 level during 2021 and this will move higher to 29,000 in 2022.
We are in the midst of a Monetary Crisis Cycle and that means that we should expect the OPPOSITE of the traditional patterns. Normally, a stock market crash results in a flight to quality which is government bonds. But when it is the government in crisis, the capital flees to the equities. This is why so many people are simply confused.
DiscoverGold
Click on "In reply to", for Authors past commentaries