we may be a little late to the move, but we're officially bearish. key deviation and eventual rejection at our S/R pivot. this feels like the start of 5 more waves down
Cathy Wood said early this week that US economy was in recession and she confirmed that conclusion after last week's nonfarm payroll data released. so now how the Fed and Market are going to reflect their views? Fed: 1. speed up the interest rate hiking before the recession get into the downward spiral (before end of 2022). 2, slowing down the hiking or...
OANDA:SPX500USD i just found the current price is the 50% retreat from highest price point to the lowest price point this year. 61.8% retreat from second high price point to the lowest price point of this year. so technically the future movement of SPX500 will do a correctness to 3800 - 3900 price point with next 3-4 weeks. So my trade logic now...
Price is dumping beginning to go lower near the euro session. Start of euro session is ending off on strong selling pressure. We have a long red body candle. I am expecting price to continue to drop during the euro session going into the US session. Look for price to move down from here.
Strong Bearish pricing action from the start of the US session. Price is slow trickling down.
4 hour chart clearly shows a strong downtrend. Resistance at the 100 EMA and a strong bearish 4 candlestick setup.
-supply zone -resistance -fake breakout -possible target= right shoulder??? you need buyers for short!!! STILL IN A BEAR MARKET!!!
A financial crisis is a term that covers various realities whose common denominator is an abrupt fall in dematerialized economic activity. Currency crises, banking crises and stock market crises are thus financial crises.
On the 1 hour time frame, the Kumo cloud is red. Kijun sen is above Tenkan Sen line. Chikou Span is below price.
Rising wedge formation for SPX, stocks due to fall into to major support zone. I do see SPX breaking out to the downside, respecting the trend-line on the RSI.
Just expressing my view that the road down to 1850 will start in the next week (two weeks max) and will take around 2 months. Expected ETA by end of second week of October.
Rejected backtest of ascending triangle all week, rr with shorts. Stop loss above trendline. Falling below 50DMA (Green line) and losing it is good news for bears! Piggies oink oink, ready for slaughterhouse.
At the time, I was advising to take profit ... The SPX is re-entering its "wide" long term uptrend pushed by Quantitative easing and negative interest rates. The stock market can probably go up to the yellow line before going back down. The Lehman crisis was not solved but postponed by Monetary policies. We will have the cash out someday for all the fake money...
Seems we may be running into a trend line here shortly. It is ATH so cant be too sure. Could pop up out of this flag at any point, given the momentum.
GDX, SPY, and VIXY all tell similar story. Things are topped out. Gold, Bitcoin, and shorting SPY will be the best (if not the only) options for alpha in the upcoming market. If you are long SPY or any equities, be careful chasing that last 10% because a 20%+ drop is below you. Long - GDX, MARA, VIXY, BTCUSD, GBTC.
A falling wedge of this magnitude is rare in my opinion. This level for the VIX is also great for GBTC and Bitcoin. 9 years show this wedge is falling to lowest levels ever - Right before presidential race, qualitative easing, negative interest, and ballooning corporate debt. Comes to a point February 2020 but could take off before. But it should retest $30+ in...
Source cointelegraph.com This might be a triple top in S&P500. From what I see, we are very slow to break ATH in S&P500. Once that happens I think we only get slightly above 3025 in SPX500 (Maybe up to 3100), which may coincide with Tom Lee's prediction. Basically, more things look good in all markets risk is lowered in other assets like bitcoin. I will be...
SPY SHORT - Resistance max at 303 > Graph and indicators > From top to bottom : MACD - Histogram shrink - MACD crossing sell signal - Resistance max at 303 - Support at 287 Graph - Resistance max at 303 - Support at 287 - Candle : Hangingman Jully 15 = REVERSAL CCI pointing down RSI can not go high 3 test <70 Full Stock crossing at 96 All the best! Waz-