yes, this ECM date was a total dud, no breaking news at all.Since that is the case; this ECM date should be a turn in the markets, like Armstrong said:
What he basically is saying now is: a high around Saturday January 18 (week before or after)= turning down 20%+ into Q1 2021. Only if US share markets make a low on the ECM we would rally in 2020 once we take out 2019 high.
For now, taking out 28.971,94 on a weekly basis could mean going toward 30k.
So he means either a big low or a big high around the ECM. Looking at yesterday's price action, a low seems hardly possible anymore.
For now, taking out 28.971,94 on a weekly basis could mean going toward 30k.
So he means either a big low or a big high around the ECM. Looking at yesterday's price action, a low seems hardly possible anymore.
Now this gets interesting directly; because on one hand Armstrong says that if the stock market rallies into the ECM date, that it will turn lower after the ECM.
But on the other hand he says if 28.971,94 on a weekly basis on the Dow that it will first go to 30k, which the Dow did last week. Okay, so no turn date? Very confusing and playing both sides.
But let's be generous: if in February, March or any other month later this year the stock markets make news highs versus the January high his ECM date is officially total baloney.