This is what’s going on in the markets:
- Oil prices are above $110 a barrel trading at 2022 levels due to the closure of the Hormuz.
- $DXY/U.S. Dollar is in an accumulation phase about to breakout higher.
- $NVDA, $PLTR, & $AMD are all in stage 4 declines.
- SpaceX IPO is happening soon, & will result in many bag holders.
- $MSFT closed below its 200WMA for the first time in 13 years.
- $AMZN is trading at its lowest valuation in over a decade.
- Restaurant stocks are in free fall which includes names like $DPZ, $WING, $CMG & more.
- Markets have confirmed a full reset back to previous ATH range which is $600 on $SPY.
As per a collective summary of above it’s clear to remain bearish until further notice.
However your opportunity to load EVERYTHING is coming soon…