A Look Back at My Only Failed Prediction Since Launching My Substack
Was it Just a Little Too Soon or Completely Off?
Back on 12 October, I stated that I felt that all the tireless manipulation of US stock markets by US Central Banker and their oligarch friends to drive the US stock market higher would finally fail. I have produced the chart above so one can easily see how wrong that prediction was. I predicted the US S&P500 Index would begin failing at 4,382.86 and it climbed another 9.92% higher after my prediction. Since then it has obviously been crashing, but I issued my predicted crash warning more than three months earlier and the present crash has not even brought the index down to the level of 4,382.86 at which I predicted the crash would start.
So the question becomes today, Was I merely just a few months early in my predicted crash or will the US stock market now rebound from its current level? If we look at the weekly, not daily S&P500 chart, the weekly chart below may yield further clues to that answer. We can see above that the weekly S&P500 chart has clearly broken down below the 2-year super bearish rising wedge formation. Furthermore, heavy selling volume would seem to indicate that a breakdown below the 50-week moving average would trigger further losses and finally give rise to the level of selloff that I prematurely predicted last 12 October 2021.