I See further upside to RTS (Russian Stock Index)If 1340 pivot would be passed ATR could go up and we can see 1400 on RTS. Oil is bouncing from key technical level MOEX:RTSI
The 2023 master plan is pretty clearThere will be an overwhelming amount of events happening in H2'23:
- A crash in Treasuries (10Y above 10%)
- A crash in EURUSD (0.75 is waiting)
- A totally unexpected move in USDJPY to 100
- A crash in SPX below 1500
- A crash in RTS to 250..300
- A silent withdrawal of financing of Ukr
9 years = 4000%RTS now is young child before grow and jump of teenager
Russia have all resourses may be in world
only one country and all resourses.... big volume resourses
Dimensions of market horrorsJust comparing the size of market drops for illustration purposes... Definitely this one is not the biggest... Definitely greater one is in future...
RTSI - possibly greater downfall ?Against the background of the expectations of tougher sanctions together with the absence of obvious peaceful ways to resolve the problem with Russian war of aggression, plus the structural degradation of the economy and "SME" business defaults and export embargo, here it comes an understanding is c
1050 should be reached before the crash resumesA new minor high is due in the next couple of weeks. The Russian market will be lifted by the last bullish wave worldwide. Then the downtrend will resume.
7 months to form 1-2-1-2, means at least another 7 months to hit the low. It's not about Russia: the crash will be a worldwide affair. It will b
Negative scenario on rts index with deep crab patternsThere are 2 variants both lead to very low values.
But one of them lets ~30% grows first.
A long-term view at the Russian marketOne can predict the outcome of the recent pickle in Ukraine just by comparing where we stand in terms of growth cycles in US vs Russia.
RTS INDEX shown figure "Head and Sholders"The exit of non-residents is announced for 08.08, so it may show the "Head and Shoulders" pattern.
RTSI will revisit 200..300 one last time in the 21st century.The bigger question is what's going to happen next.
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