

Steve Miller
33.8K posts

@askslim
#Financial Show Host Trader/Analyst #Poker player, #ClassicalLiberal #CycleAnalysis #Charting #Stocks #Futures #Markets #Trading #Investing 🇺🇸🇮🇱✡️







The S&P 500 is at an all-time high while Consumer Sentiment is at an all-time low. We've never seen a gap this wide between Wall Street and Main Street.








Anyone who has studied markets knows what we’re seeing now is an extreme. Historically, extremes give back much of what was gained or lost in panics. The only question is how fast. Off bottoms it’s usually very fast. Off tops it’s usually much slower — except in cases like 1978, 1987, or 2020 when declines were precipitous. So the question is: When this stratospheric move ends, how long will it take to reverse into a sizable correction?

$NVDA is giving an important signal. Note our "Option Bias Indicator" has turned orange. That indicates a likely reversal. At times, it takes few orange dots & a few days. Note how it worked at the bottom. Learn more about this indicator at askSlim.com askSlim SlimA, bottom right of the screen



