MAGIC
@MagicPoopCannon
Legendary Analyst • Master of Charts • Economist • Crypto, Stock, and Options Trader
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This seems to be an Ai grnerated incarnation of Warren Buffett, but the wisdom and fundamental analysis is probably quite accurate to how Warren truly thinks about today's Ai-driven mania. It certainly reflects some of my opinions. m.youtube.com/watch?v=HblpEM…
youtube.com
YouTube
AI Bubble is Bigger than DOTCOM ! - Warren Buffet WARNS !
⚠️ IMO, it is best to either be short now, or substantially limit exposure to equities and crypto to mitigate risk. If anything spooks the market here, assets will plummet. We're already seeing flashes of it now in various areas of the market. ⚠️
Could have sworn I was just warning about this. 😆 cnbc.com/2025/10/15/sto…
The S&P tried to rally the past two sessions, but both attempts failed at the midline of the daily Bollinger band. Midline resistance hasn't occurred in months, and it is often indicative of a deeper impending correction, especially given the H&S that is currently forming.
Looks like the market is moving to complete the right shoulder of a head and shoulders pattern, possibly setting up for a deeper correction.
#XRP remains range bound in the orange box, but may be finding support on the rising 50 week MA (in teal). Notice, the 50 week acted as support in late 2017. The 50 week is very important. If it holds, we break out above the orange box. If not, we may break down from it.
It may be true that the market is forming the right shoulder of a head and shoulders pattern right now, with room for at least 7.5% more downside. Beware of bull traps.
Today, gold reached my first major breakout target of $4,134, which I shared on April 4th. As I said back then, if $4,134 is surpassed, we could see gold reach $10,000ish, with the total upside target being around $15,500.
Gold has formed a 45-year-long rising cup and handle pattern, which I have been following for years. It has recently broken out, and is rising to my initial target of $4,134. If that is surpassed, a $10,000-$15,500 gold price may be on the table. This is a long-term projection.
cnbc.com/2025/10/10/tru… King Trump for the WIN!!! Lets gooooo!!!! 💰 😎 💰
#BTC has broken back below the uptrend channel (in grey) suggesting that the recent rise back into it was a failed recovery attempt. If this weekly BTC candle closes below the channel, the door will open for a retest of support around 77K.
HO LEE FK, Batman! Good lord! Stocks are getting smoked out there! 😄
Markets are reacting negatively to this... cnbc.com/2025/10/10/tru…
Here on the monthly #KBE (S&P 500 Bank ETF), price is running into an enormous resistance level that has persisted since 2007. This is interesting when viewed in conjunction with other concerning charts in the financial sector.
On the monthly #KRE chart, we can see that the regional banking sector is struggling at the midline of a massive uptrend channel. A failure here could produce a rollover of 34%, which would only begin to complete the right shoulder of a huge H&S pattern.
On the monthly #XLF chart, we can see Financials are in a bearish rising wedge, with a monthly bearish RSI divergence. The size of the wedge projects a breakdown of 57%, should a breakdown occur. Financials look prime for a reversal.
The US economy appears on the brink of financial collapse. Sky-high debt, exploding delinquencies, CRE collapse incoming, geopolitical powder kegs ready to blow. Fed easing will just fuel an inflation fire. Bank "capital" is smoke & mirrors with toxic CRE/subprime leverage.
The market seems toppy here. IMO, there is a higher probability of a sharp correction now than a sustained rally higher. The market is charging ahead despite weakening trends, economic slowdown, govt shutdown, global conflict, high valuations, etc. This is "irrational exuberance"
The S&P is running into resistance at the top of the purple uptrend channel, which originated at the bottom of the GFC. The S&P is testing the top of this 16-year-old channel, while also printing a monthly bearish RSI divergence. That increases the risk of a rejection here.
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