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Nancy Pelosi Knows Market Bottoms
#marketbottom #leadindicator #indicators #bottom #bearmarket #bullmarket #bitcoin #btcusd #crypto #cryptocurrency
Technical indicators are valuable. Obviously, this is what I specialize in. But I am careful to always add in other variables, factors, and indicators that might also give us clues and lead the way to our market future. There are hundreds of great indicators that exist outside of T.A. You all may remember a video I did looking at google trends. There is Glassnode’s on-chain analysis, the greed/fear index, and many, many additional leading indicators. One of the best I have found for predicting market tops and bottoms is actually politician trading. And one of the best politicians at predicting market tops and bottoms is, yours truly, Nancy Pelosi.
I ran across this tweet this morning which I thought I’d share with you all as a lead indicator of what our market future might be over the course of the next several weeks. Keep in mind, that this may only be weeks to months ahead. The following is a chart of when Nancy Pelosi bought AAPL and MSFT. Notice: The very bottom. The wick down on the lowest candle this year! She literally nailed the exact bottom thus far. She is 82 years old and yet trades options better than a Citadel algo running on a dedicated $300 million mainframe. Could this indicate our market bottom for a little while? It would be foolish for us to dismiss this possibility:
P.S. - Please understand, that I am not making a partisan political statement here. This post is purely for economic purposes and the data we can observe, I consider to be highly valuable to our future trading considerations.