I've been saying for some time now that Dow Jones has _no_ relevant resistance till 40k and now here we are If that resistance fades quickly then the next relevant resistance is at 45k and probably most retailers will come up with excuses to short it the whole way there also "But how did you come up with that number?" See for yourself heh this is a very clear...
On one hand there isn't necessarily a reason to expect a meltdown similar to the pace of NFLX or META or more latterly TSLA; but on the other hand, thanks to how much extra data there is, it's possible for the trained and experienced eye to suppose a long term downtrend will rhyme with its own history (see the linked AMD chart which goes back even farther)
As suspected in the linked / related post the higher orange channel didn't hold and what looks like a textbooky head-and-shoulders top has formed; a continued downtrend will likely respect the yellow traffic lines pictured just like the uptrend did
50.14348112*FX_IDC:USDEUR^0.576*FX:USDJPY^0.136*FX_IDC:USDGBP^0.119*FX:USDCAD^0.091*FX_IDC:USDSEK^0.042*FX:USDCHF^0.036 "We can't publish this idea for you just yet" "Wow, looks like you've used quite a few capital letters here. This can SEEM LIKE SHOUTING to a lot of folks on the internet. If you could please tone it down a touch, that'd be much...
If AAPL continues downward after another double whammy support wrap-around it could well trigger a collapse to 10k for Nasdaq 100 especially if TSLA goes with it; many are likely to fall for this thinking that up is the direction which makes sense but charts which spent a few years going up for "no reason" can also spend a few years going down for "no reason"
The strong bounce on a confluence of supports--plus the usual "but we've only seen the beginning of the bear market lol" articles--would strongly suggest that the yellow brick inflation road will continue (see both related ideas) and that recent market activity is another ploy to keep retail anxious / confused / short (valid for as long as the highlighted supports hold)
Without worsening geopolitical fundamentals and VIX surging back above the half way line (see linked idea) what will hindsightfully be the re-accumulation zone is likely to form here
Similarly to the linked AMD broadening symmetrical this toppy-looking wedge with exceptionally clearly-defined levels ought to show that there could be a long way down still in a multi-year bear market and that buying levels on this particular chart could be where all time lows on the weekly RSI would later be created
Ultimately there's no need for channels and wedges and such to even be penciled in here since the cycles clearly boil down to some simple ground rules... 1. If you're being encouraged to buy in the red or sell in the blue by anyone with alleged "tenure" then you're speaking to a thief; 2. Forget aiming for the all-time-highs or pico bottoms with any kind of...
Presented as neutral once more as the monthly candle still has a week to close; this flat broadening wedge goes back almost 40 years and a "crisis" tends to be right around the corner whenever it finds resistance so expect very clean reversal market structure here should that trend continue and clear signs of supports refusing to break properly if this century's...
This chart is presented as neutral since the implied "idea" can't come into play till at least one key support properly breaks and worst case till the yellow channel has become relevant again like before; if this were to play out the main "challenge" would be: how to keep retail long all the way down? (hint: the same supposedly unrelated "people" who "shorted"...
From the Chart Above we have The 360 Daily Moving Average(Blue) along with some horizontal support zones and a logarithmic growth curve. Taking a look at the 360 MA, after each bullrun, the moment price closed below it, we retraced at least 50% from the breaking point. Important to note we only closed below the 360MA when the bullrun ended and had touched...
In this chart you can visualize how the Dow Jones performed during WWII. The Dow experienced high volatility during WWII. Its lowest point (-29%) was reached on april 1942. But, surprisingly, the Dow gained 33% in the period between the beginning (September 1, 1949) and the end of the WWII (May 7, 1945). Source: United States Holocaust Memorial Museum. “WORLD...
Time to buy VIXL .. (no leverage pls) First S&P Target: 3543 Second: 2197 Will be taking profit and adjusting risk on the way up to compound position size. Also investing in VIX CFDs during predictable volume heavy moves. Wish you all a happy chinese new year
Hi guys Bitcoin will answer this question in the near future . we must wait now for Bitcoin price . that can break 9750-10K or not ? 13K target or 4600 ? I like 4630 for Long position or wait +10K for Buying Bitcoin . Good Luck
Hi Buddies i think we must wait for reaction to marked Zone . But This issue depends on the reaction of the market to the US missile attack on Syria. 1.45 or 1.40 ?