The above 6 pictures is how the media reflects panic and fear….When it comes to high fear levels, the “Power of the Pattern“ starts to reflect Fear in the following ways…
Government Bond ETF (TLT) presses itself up against key Fibonacci and channel resistance, looking like it did one year ago… (see post here)
Swiss Franc is up against 30-year channel resistance and the Franc ETF (FXF) is up against channel resistance and its 261% Extension/Expansion level (see post here)
Channel support dating back to 1987 is close at hand for the S&P 500 (See post here)
Gold is getting close to the top of a steep rising channel and its 261% Fibonacci Expansion/Extension level (see post here)
Shared the chart below with Premium Members on 8/8, reflecting that the VIX has only been this high, 6 times in the past 20 years.
CLICK ON CHART TO ENLARGE
Someone once said….”Tops are a process and Bottoms are events!” Fear in many forms is showing up…. high Franc, high TLT, high VIX and a S&P 500 index that has declined over 15% in a couple of weeks! What does this represent? That fear is approaching levels that look to be suggesting a “short-term event” is VERY close at hand!
The strategy you see on the blog is called TB&M, which stands for “Tops, Bottoms and No Middles!” The wild moves and these extremes are suggesting some unique opportunites might be much closer at hand than many think.
