Since 2008 we have had no real recession. 21 December 2019 we just hit the top resistance of ascending wedge on the monthly chart.
Coincidence? I think not.
Add the repo crisis like we had in september, trade war risk, and election uncertainty, brexit uncertainty, housing market bubble and dept buildup and we have are at more then enough to make this technical perspective come true on fundamental basis.
Profit targets set at support levels, demand zones.
(Using log chart and heiken ashi chart)
Coincidence? I think not.
Add the repo crisis like we had in september, trade war risk, and election uncertainty, brexit uncertainty, housing market bubble and dept buildup and we have are at more then enough to make this technical perspective come true on fundamental basis.
Profit targets set at support levels, demand zones.
(Using log chart and heiken ashi chart)
Comment:
And so it begins...