Here Is What I Think The Stock Market Will Do Next

In partnership with

The past ten trading sessions in the financial markets have been among the most volatile you have ever seen. This month we have seen the biggest two day drops in the S&P 500 since 2020 and biggest one day gain since 2008. We also have seen the biggest single day for individual investor buying of stocks in the United States in history.

It is also was a week in which gold closed over $3200 an ounce for the first time ever, in a move totally ignored by crypto gurus, whose endless predictions that gold would go up as a safe haven when the US stock market took a big hit proved to be mistaken again.

Notice how the 20-day Bollinger Bands, the pink lines on the chart below for the S&P 500, are now very far apart from each other.