Godzilla Has been slain. Return to ATH

2020年4月8日

Captain J Powell launches swiftly from the SS Fed. Undercarriage holding a multi-trillion tonne warhead he heads straight for the red snake. "QE missiles launched command." The voice echoes through central command. "The bottom is in." Commander in Chief Trump whispers under his breathe. An accumulation zone forms as QE missiles hit the beast. Clouds of uncertainty form around the lower ranges as J Powell cries "check the fib levels Goddammit." Thousands of speculators pour into the market; Shorting, longing, hedging, watching.

"A higher low commander!" Trump smirks, his hand letting go of the circuit breaker switch. "Print everything you've got Captain."
"Much obliged sir" J Powell unleashes a hailstorm of cash straight into Godzilla's maw.
"Major resistance broken sir" The technical analyst can barely maintain himself. "TradingView ideas are bullish sir, ITS WORKING!"

Godzilla rears over towards ATH with pace. Boeing shareholders cheer and cry from a distance. J Powell giving a solemn salute.

Finally, Powell pulls up on the throttle and flies directly over the wounded beast. "Unlimited QE" he whispers to himself, dropping the nuke directly onto Godzilla's head.

Yeah, so basically inflation is gonna carry this thing to higher highs. Even though unemployment is at a record high most Dow companies are top end industry that can survive massive economic hits.

Price has already broken through and retested a fib level and is likely to continue higher. I'm going to ignore the nasty head and shoulders forming on the hourly as the price is influenced by a larger rising wedge which will likely end with a fakeout to the lower areas.

With all of this being said the market is still shaken and volatile so be careful using leverage. And don't take my analysis too seriously I just wanted to draw godzilla and had to include market analysis so mods wouldn't delete it. (Mods pls)