On market open Dow jones was trading around the 18000 level. It seems the coronavirus is really taking its effect. If we can see a drop into the 15000 level where the lows of 2015 are this will have erased 5 years of growth in simply weeks. Crazy movement we are seeing the past few weeks. If anyone is not familiar with dow jones it is an index containing 30 stock...
RSI right now corresponds exactly with that of Feb 2016, just before the 16 halving.
Cryptocurrencies will signify the next DOTCOM boom x70.
Everything is possible, nothing is impossible.
In a few years, people will come back to see this chart and gasp.
Although I wish to see the future, I simply cannot.
This chart is a mirror of what the next few years will...
In Oct 2007, Cooper RSI diverged from price, showed a downtrend.
This predicated us stockmarket crashing 9 months in advance.
In Dec 2008, Cooper RSI diverged from price again showing an uptrend.
This predicted the bottom of us market bottom.
S&P 500 index, This is the stock market index and is made up of the 500 largest US publicly traded companies, now if you take the time to look at these companies individual stock charts like i have ( yes i have no life ) you will notice that recently some of them are in a downtrend, had a big fall or some are at or nearing all time highs so we could see some...
Good traders stalk 90% of the time and trade only 10% of time. Quote me. :) :)
In this screencast I run through several superhot equities on the monthly time frame.
The higher time frames are often the cause of surprises for people' on 15min - 1H time frames.
Then the end of the screencast I look at the VIX on the 2 hour time frame for signs of...