Every time we have had a bearish engulfing candle on the weekly chart it has been a big sell signal.
The question is the ATH in for stocks?
Futures market has 100% priced in a rate cut which was signaled in January from the FED and now its coming on the 31st July. And the market is selling off! If the FED is cutting rates when we have an unprecedented economic expansion phase in the US it shows us there is something wrong. I think the probability of upwards moves from here is very low.
Sell stocks and buy gold/BTC. The debt problem is about to explode! MOVE YOUR SUPER!!
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