The single most unifying event in a long time just happened this Monday, April 8th; the TOTAL ECLIPSE OF THE SUN. Not just any eclipse, but one with the moon very close to earth, which means the shadow of the eclipse was the widest in recent memory, allowing the most amount of North Americans to view it in history. For a brief moment, everyone that could was looking skyward, not just with our eyes, but with our hearts, hope, dreams, etc. THE PARTY OF THE CENTURY...
But, we've been partying so long now that the police are coming to put an end to it. Yes, the interest rate hiking FED has begun putting out the fire of fun that we've all gotten accustomed to since the bear market low in 2009. It's been amazing, but nothing goes straight up forever, and the clock may have just run out with this week's unification of our collective mood, and focus on a single point in the sky, while we forget the reality of our world.
So, take a few minutes to listen and view the chart of what history tells us about what comes next.
If you want help in setting up an action plan, call us at 640.CALL.DSE (640.225.5373)
Here's a chart to follow along:
Chart 1: Stress, NO Stress
https://drive.google.com/file/d/1MUc4d2FiFOIYApLqG6QjEBAzu8VAuk0l/view?usp=sharing
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https://www.elliottwave.com/Ken
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