Appears a H&S is forming and a retest of the upper fib at 2700 seems like the path of least resistance before further downtrend.
The world is going crazy, countries in lockdown, flights being stopped, but at least we have people buying toilet paper from retailers to give this quarter a boost in profit numbers hey? But really this is a short term bottom, Looking at the chart here it is very hard to see further falls right now. The candle has over extended the LinReg and the Stochastic RSI...
If you've been following me here, on YouTube, on Facebook, or on Twitter, then you know that, for the past 1.5 years, I have been warning that the 2018-2020 trading range is likely distribution, using point and figure charts as well as volume and price action as evidence. I have also continually pointed out the fundamental similarities to 1987, 1999, and 2007....
This is the Gold Miners Index to DXY ratio. This feels likes 2001 or 2009. Gold is correlating with Fed Funds, the monetary base, and the DXY like its 2009 and 2001. Gold stocks are priced like its 2009. Since 2019 we have seen the Fed Funds Rate free fall, since September 2019 we have seen the monetary base expand past the low set in December 2016, same with...
Some possibilities I'm preparing for: We finish wave 5 in the wave C down. Then we bounce from there into a wave 1 up. Or this whole down move is part of a larger A wave down, which means there's a lot more left to fall. I'm kind of thinking the latter, but time will tell. Either way, I'm expecting lots of volatile moves up and down, so I'm managing my...
Ponzi might be toast depending what she does here Good Luck Expecting 4s and tbh even lower if it doesn't play ball here
I think we finished the B wave up, which was 50% of the A wave down, but it might bounce up a bit more. Then there's the C wave down, which will probably be 100% of wave A, but you never know. It could be truncated or more likely, extended. The Fed is meeting Mar 18 so I think that timing lines up for the end of wave C. Thoughts?
In my last fractal update, I talked about how we could see continued upside for stocks, but that the top was likely close. I also called the blow-off top well in advance, showing that 30,000 would provide the most likely area for the rally to stop. Guess where we topped out? Very close to that number. Often, we find that true tops are reached in anticipation of...
I've written at length about how I feel about the stock market. I've talked about how price action closely resembles the years leading up to the Great Depression, and I've also discussed why I think a large crash needs to happen in order for some structural changes to be made. Here are a few of those posts: Where I called a potential blow-off top: Where I...
Though it seems like we're currently in correction wave A and would like to stay neutral short to mid-term until confirmed wave 1 appears, the gap and bearish engulfing candle make it seem like the slide will continue earlier than expected within Q1 -- or maybe it will suddenly "recover" fast by next week, depends on the whales tbh, but lemme know your thoughts...
Crashes occur when markets are already oversold so there could be more downside from here. One of the indicators we look at is the percentage of stocks above their 200 day moving average to determine if we've hit a short term bottom. As you can see in the chart we entered 2 lines where stocks could be considered extremely oversold. There isn't one indicator...
MartyBoots here , 13+ years later and I'm still trading the markets Please give the THUMBS UP to support my work . Thank You This market has topped out , in this video I show you the exact target and where to buy to make life changing money DO NOT MISS THIS OPPORTUNITY Enjoy the video and please Like and follow for future videos
WaveTalks - DOW -Cracks 1900 points in 2 days / Nifty - Ab tera kya hoga ? Welcome you all in the exciting update on WaveTalks !!! As per the idea published on 12th Jan 2020 - Nifty : Stellium Effect (Stellium - Astro term) Have Suggested Dow close to a primary top on 17th Jan 2020 & India Nifty made a top next week on 20th Jan 2020 - Looking for a fall close...
Waste Management is one of the few stocks I've traded over the years. Waste Management is a beautiful opportunity for investors with 30%+ gains avg. a year, for the last 5 year years. When it comes to stocks, I often ask myself "do we NEED this company/service"... When it comes to trash, we do. I think it's going to be interesting what's to come for WM, will it...
Once again, notice how orderly and well-respected the trendlines are throughout a 21 and 24-year expansion. Show these US stock market charts to anyone who tells you that technical analysis doesn't work. Study these time periods and become well-acquainted with the stock market parabolas throughout history.
Angle is building up over the years. Apple and many other stocks are looking very overextended. I'm not trying to predict the top here it is extremely difficult. But this won't last forever. Mania Phase will end with a very harsh correction..
They can't. Not unless alot of the system change. No lessons have been learned.
The longest bull run in history seems to be coming to an end. -Fed injecting billions into the overnight repo market -Almost every large bank is scrambling for new payment rails -CBDC (Central Bank Digital Currencies) on the rise heavily thanks to Project Libra -The most liquid stock market now as illiquid as the 2008 crisis -50+ banks are Quantitative...