Preface:
Last week, while highlighting a major long-term accumulation, I stressed that unless support was reclaimed, I was saving cash and prepared for more downside similar to 2022 price action. That’s what we’ve got.

What now?

Last week’s newsletter for context: CLICK HERE

The S&P500

We know that discounts have been left above and this is a large transfer of wealth from short-term speculative money to long-term institutional investors.

So, when are they going to initiate their second round of dark pool accumulation after the first range broke down over the last few weeks?

A very significant dark pool came in last week and it’s possible that price reverts back to that level creating a lower wick and showing accumulation on this months candle. If that’s the case, here’s what needs to happen:

Slicing through all support levels on high volume and closing at lows is not a great look. For bulls form this monthly wick, price needs to quickly reclaim this $512.97-$522.91 dark pool cluster and not use it as resistance.

Until / unless this happens I have pretty much the same outlook that I have had the last 3 weeks now. Major supports keep getting lost and until a statement is made by bulls, where these supports don’t immediately act as resistance after lost, I don’t see why I should initiate my second round of accumulation yet.
For now, I am still just holding, and saving cash.

While things remain broken short-term until proven otherwise, we have confirmation of an absolutely massive long-term wealth transfer undereway.
I could go ahead and start buying again, but like I said in last weeks newsletter, this correction has potential to be similar if not even more intense than 2022’s considering the dark pools are 3x larger, so I am being pretty laid back, knowing there’s a chance it takes quite some time for the dust to settle.
With that said, there is tons of data I am collecting and analyzing in anticipation of a risk-on signal at any moment. My goal is to know exactly which assets are experiencing the largest institutional investment during this downturn so I can outperform significantly when the secular bull market continues.

I will continue to update my thoughts each and every week.

For $7.77 / month you can get access to my DISCORD where I am sharing this extensive research before I talk about it here.

Sign up here, log in, and join with the link below 👇

Become a paying subscriber of AllllSevens+ to get access to this post and other subscriber-only content.

Already a paying subscriber? Sign In.