Chris Vermeulen of The Technical Traders joins Elijah K Johnson from Liberty and Finance to discuss the current stock market rally and possible reversal. The stock market can also enter a complacency rally and start a bigger correction. The rally could also last a couple more months. We are positioned in some gross stocks, expecting this market to hopefully go higher.
Overall, this market is on a turning point and can roll over very quickly. If it does, the US Dollar will go higher and it is going to put a lot of pressure on precious metals. When money is moving out of the stock market, it seems to move in everything that benefits the dollar index. We may also enter a bear market and if we do, precious metals and miners can come back down and test these levels.
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Disclaimer: None of this material is meant to be construed as investment advice. It is for education and entertainment purposes only. The video is accurate as of the posting date but may not be accurate in the future.