SMC Update 5-30-24

05/30/2024


Comments (3)
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treyrhodes51591
treyrhodes51591

I follow Tim…he believes the Dow holds up until 3rd quarter when The Fed starts dropping rates…then the crap hits the fan🤷‍♂️

daniel039209
daniel039209

treyrhodes51591 said:

I follow Tim…he believes the Dow holds up until 3rd quarter when The Fed starts dropping rates…then the crap hits the fan🤷‍♂️

Interesting point. From my experience, its usually a sharp move from a high that we manage to rally back most of decline BEFORE the big decline starts. Happened in 2000( the spx actually made higher high in Sept of 2000 then it was all over), Happened in 2007 took months. End of 2021/beginning of 2022 was fairly sudden, but it was the worst companies at risk and an interest rate RISING cycle was under way. thanks for input from Tim!

treyrhodes51591
treyrhodes51591

Tim does say something else could be going on but he has called several tops with his “Checkmate” chart…we shall see

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