BRACE! Anything can happen in the next few days. The DJI is at a critical zone on the weekly. 'Everybody' is waiting for more QE and lowering of interest rates. In other words the FED is likely to blow the bubble even harder.
But there are crises in the bond markets and currency markets that weigh on this market. So fear is not just about stocks in the market...
I had flagged that the DJI and NASDAQ were in trouble some time ago. I told everybody to 'GET READY'. Some were hypnotised by POTUS's assertions that the American economy is doing "fantastically well". Yes he said so and I have the reference.
The data on ISM that triggered this plunge/correction was not brand new information at all. It's only because the ISM...
What's moving this market north? Like the Fanny Mae fiasco back around 2008, the 'implicit guarantee' is at play. Go read up what that is about. In essence this is about an idea that the FED will bail out big corporations. The top industry analysts can find nothing of real substance in the fundamentals to move the DJI (and S&P) north.
I explore the 4H and 1D...
Hit upper trendiness of both formations, looking for reversal back into the range and move to lower trend lines in the coming months, unless a sustained break above invalidates.
MO has big negative divergence and the summation index will also turn down with a good sell off.
I assume based on Dows failure to rally, perhaps this is a sign that market wants to turn around
At each test of resistance, after dropping more than 500 points, the market has continued to push bearish as well as the Divergence also validating the direction.
The situation with the DJI is now crazy! Some say the more times price approaches resistance the greater the chance of a breakout. Some say the opposite.
I've seen price fail to breakout after 9 hits on a support/resistance level (with other instruments). The DJI is now anybody's guess.
Dow has put in a lower low and reversed back into the range. It stalled at the monthly R1 pivot on Friday after a strong rally, but the next objective now is to make a higher high at the 27300 mark to complete both broadening formations and hit the MR2 pivot.
This chart shows the balance zone and bell curve that has been created in the volume profile since Jan 18. This week price fell to the 18 month Point of Control and was immediately bought up to the Value Area high, forming a bullish engulfing candle as it did so.
In terms of trading from here, any buying above this level is now buying out of value. Shorting at...
Hello my dear readers, here we would like to take a look at two different scenarios FTSE 100 Index Chart (UKX).
Let's start with the bearish scenario because this is the one that is in play right now... Feel free to hit like to show your support.
Looking at the chart above, we can notice a huge descending channel (bold brown dashed line) and we have two rising...
We are writing a quick update on the S&P 500 Index (SPX) by popular request...
The signals coming from this chart are all bearish, there isn't one single bullish signal, so the SPX can fall more and more and even temporary bounces are looking scarce.
There should be some support around the 2700 - 2740 range, but if this level breaks you can expect to move...
Hello my fellow Cryptocurrency lovers, let's take a look at Bitcoin now on the monthly time frame and also how the recent drop in the stock market can affect its price.
So please hit like now to show your support and allow me to entertain you for a few minutes...
Bitcoin Monthly Candles
Here we have Bitcoin on the monthly time frame and we want to keep it...
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