You have seen this chart before. In October of last year OIL (CL) broke above its long-term wedge resistance located at around $52. Since then the commodity has gained about $11. So, will these gains continue or are most investors looking at a false breakout? That is exactly what we talk about this week. To see that forecast please Click Here

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ELLIOTT WAVE UPDATE:

Since many people have asked, I will attempt to give you my interpretation of Elliott Wave and how it is playing out in the market. First, I must admit. I don’t claim to be an EW expert, but I hope my “standard” interpretation is of help.

Let’s take a look at the most likely recent count on the S&P.

Explanation:

Long-Term: It appears the S&P is quickly approaching the termination point of its (5) wave up off of 2009 bottom. If true,we should see a massive sell-off later this year. Did it already complete? Click Here

Short-Term: It appears the S&P might have completed its intermediary wave 3 and now 4. It appears the market is now pushing higher to complete wave 5 of (5). If true, the above count should terminate the bull market. Did it already complete? Click Here

If you would like to find out exactly what happens next based on our Timing and Mathematical work, please Click Here. 

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ATTENTION!!! Please note, we have moved most of our free editorial content to our new website MarketSpartans.com Please Click Here to view it. 

The FED is terrified. 

Considering recent stock market performance it is now becoming apparent what they have done. With global debt now at $233 Trillion and with the stock market in a runaway bubble, it is only a matter of time before everything blows sky high.

Consider the following……

The Fed says it could speed up rate hikes because of Trump’s tax cuts

• The Federal Reserve debated the impact of tax reform on the economy and on how it sets interest rates, minutes of the December meeting showed. 
• Most Fed officials favor gradual rate increases. However, some noted that the economy could be about to get a boost from tax cuts, which would necessitate faster rate hikes.
• The Fed expects to raise rates three times in 2018. 

I would suggest their desire to increase rates faster has nothing to do with Trump’s tax cut boost and everything to do with the Shiller’s Adjusted S&P P/E Ratio being at a record high of 33. That’s 3-5 full points higher than both 1929 and 2007 record readings.

Will the FED be able to successfully slow down this runaway train without triggering some sort of a recession?

Sure, just as they did at 2000 and 2007 peaks. 

If you would like to find out when the upcoming collapse starts, please Click Here

ELLIOTT WAVE UPDATE:

Since many people have asked, I will attempt to give you my interpretation of Elliott Wave and how it is playing out in the market. First, I must admit. I don’t claim to be an EW expert, but I hope my “standard” interpretation is of help.

Let’s take a look at the most likely recent count on the S&P.

Explanation:

Long-Term: It appears the S&P is quickly approaching the termination point of its (5) wave up off of 2009 bottom. If true,we should see a massive sell-off later this year. Did it already complete? Click Here

Short-Term: It appears the S&P might have completed its intermediary wave 3 and now 4. It appears the market is now pushing higher to complete wave 5 of (5). If true, the above count should terminate the bull market. Did it already complete? Click Here

If you would like to find out exactly what happens next based on our Timing and Mathematical work, please Click Here. 

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ATTENTION!!! Please note, we have moved most of our free editorial content to our new website MarketSpartans.com Please Click Here to view it. 

We have been discussing the chart above for quite sometime now. Most importantly, over the last few years I have outlined a massive long-term compressing wedge developing in Gold. Well, in August of last year gold prices bounced out of this structure. And that’s where it gets interesting. In December of 2017 Gold prices tested prior wedge resistance (now support), staging a powerful bounce from around $1,235.

Such patterns typically point to a powerful move ahead. So, will Gold fly higher or collapse??? To find out please Click Here

ELLIOTT WAVE UPDATE:

Since many people have asked, I will attempt to give you my interpretation of Elliott Wave and how it is playing out in the market. First, I must admit. I don’t claim to be an EW expert, but I hope my “standard” interpretation is of help.

Let’s take a look at the most likely recent count on the S&P.

Explanation:

Long-Term: It appears the S&P is quickly approaching the termination point of its (5) wave up off of 2009 bottom. If true,we should see a massive sell-off later this year. Did it already complete? Click Here

Short-Term: It appears the S&P might have completed its intermediary wave 3 and now 4. It appears the market is now pushing higher to complete wave 5 of (5). If true, the above count should terminate the bull market. Did it already complete? Click Here

If you would like to find out exactly what happens next based on our Timing and Mathematical work, please Click Here. 

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ATTENTION!!! Please note, we have moved most of our free editorial content to our new website MarketSpartans.com Please Click Here to view it. 

Bitcoin craze made up of ‘really stupid speculators,’ David Stockman warns from CNBC.