Well so far at least the opening of this week based on FUTURES looks like DOWN HARD to me. So I have to tip my hat off to armstrong for this week, it looks like he is going to be right about this panic cycle week. Need to give credit where credit is due, not many traders can say ahead of time or weeks ahead of time when a panic cycle WEEK is going to occur.
Not sure if serious:
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.
Saying a panic cycle is this week (so lower?), but last Friday the Dow elected a bullish reversal at 28.971,94, so we also should test 30k (so higher?).
Armstrong again got caught red handed playing both sides.