
Nick Schmidt
29.3K posts

Nick Schmidt
@NickSchmidt
Big weekly chart guy. Always learning.







BREAKING: Trump post about considering winding down military efforts in the Middle East




I’m wrong all the time and this is a loosely held opinion but it doesn’t feel like the real negativity of a longterm bottom yet. Yes the news is filled with uncertainty and doom with the war. Sentiment is very negative and I know markets bottom when everything feels awful. But the official narrative is still optimistic. Goldman is calling for a big rally. Institutions are coming out with big year end price targets. If Goldman genuinely believed a massive rally was about to start why would they tell you? They’d want your shares at a discount. When the market actually bottoms nobody is telling you to buy the dip there’s genuine panic. Could we bottom today? Yeah anything can happen. All that matters is price action anyway. But it’s something I noticed and thought was worth pointing out.
















