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Today’s market is in a straight to the point kind of mood, so I’ll get right to it. $XLE is currently trading at 81.24. I expect it to trade down to 57.60, the October 2021 POC, by November of this year. That would be a 29% gain if you shorted $XLE from here. Let’s take a look as to why I expect that outcome.
Now that investors have been almost totally destroyed…………the seven-figure salaried professionals on Wall Street deign to tell the public it’s time to get out.
At this point, I’m going to fall into awkward silence, as Bear Force One gets revved up to return me home. I’ll be back here in a few hours. In the meantime, please note that ALL paying members have access to this special post, which is my intermediate-term target for the QQQ.
Tip o’ the hat to LZ for pointing this out, but there is an awfully strong similarity in what’s going on with gold now and what happened about a decade ago. In short: more suckitude ahead.
For thirty grotesque months, we have been suffering under the yoke of trillions of dollars of Free Fed Bux. For the first time in that entire shameful era, we have cracked the trendline on the /NQ which I believe will preface this year’s last major sell-off.
