Log jam is over. Now what? ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Don here... For three months, the S&P bounced inside an algorithmic channel. Every dip got bought. Every rally stalled at the same ceiling. Jeff Bierman called it a log jam. Today it broke. Jeff has been saying since December that mid-January would change everything. He didn't try to pick the exact day. He just followed the math. The weekly MACD rolled over. The slope turned negative. Algorithms that were programmed to buy are now programmed to sell. In today's free session replay, you'll discover: - Why buying this dip could cost you 300 points. Jeff showed the algorithmic channel on the S&P and explained what happens when machines flip direction. The next support level sits at 6,600. There's nothing to catch us in between.
- The inflation data nobody wants to discuss. Healthcare costs are soaring. Power companies are raising rates on data centers. Blake Young estimates inflation at 3.7%. Jeff thinks that's conservative.
- What Tom Sosnoff's warning means for your portfolio. Sosnoff went on Yahoo Finance and predicted a nasty selloff in the next two months. Jeff said they never agree on anything. The fact they agree now is the signal.
- The Rivian death sentence that just got issued. UBS cut the stock to a sell with an $11 target. The company has never made money. Jeff says book value puts fair price at $4.
Jeff isn't predicting a crash. He's predicting a correction. Something in the range of 10 to 15%. The kind that wipes out months of gains for people who stayed too long at the party. His advice is simple. Stop buying dips on downward slopes. The algos sell into weakness. They don't buy it. You do. And that's why you'll lose. → Watch Jeff explain why the log jam finally broke and what the algorithmic channel tells you about the next 500 points Don Kaufman
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