In this screencast I say that the recent weekly price action in Wall Street is a correction in a bear market. Price has moved into a critical zone and is struggling to stay afloat. This does not mean that it is bound to collapse. It means that price can probably move south.
From 4h graph, we can see there is a divergence in the upward trend and from the one day graph, we also can see the latest MACD is becoming smaller.
we can sell at the range 24600- 24700 and set 24750 as the stop loss price.
In the screencast I show hard evidence from the chart refuting media reports which say that a bull market on Wall Street is back. This evidence is available to everybody.
There has been a bull rebellion over the lat 4 weeks but that doesn't mean that this is a bull market - at all!
If you're a forex trader or stock trader this is important. Why because what...
We are in a shorting zone here, as prior support-turned-resistance. I currently have no position, but I will be ready to initiate shorts if I see weakness intraday.
A new major low has not been ruled out, though I believe the bulk of the down move has already occured.
There is a visible broadening wedge pattern better seen on the 1H time frame of Wall Street. It is basically a megaphone in a horizontal direction.
There are probabilities for both the south and the north. Guesstimated ranges of price are shown - but this is not a prediction, as I do not know the future.
The markets can do as they like and 'disobey' any...
The price of Gold has complex relationships with Stock Markets and the US-Dollar (among other things). In the screencast I point out some of the complexities looking back to 2007-2009. This is relevant to the current situation with Gold.
Dear fellow traders,
In this screencast I focus on the form of market fluctuations in 2007-ish and compare with what we are seeing in 2018. Reference this screencast against my previous screencast of 24th Dec 2018, on the PPT.
The key points match fairly closely in the overall form.
Strangely, the recent rebound is so telling of a story. What's that? This...
I overview what are some of the possibilities and probabilities over the next few weeks for Wall Street. I compare again the current situation with that of around 2008.
Preliminary action on small time frames on Weekend Wall Street, do not look exciting for a trip north on Monday. We shall have to wait and see, as Mr Trump often says.
I do not know what's...
In this screencast I review a number of indices: the ACWI, US30, NASDAQ100, India50, Japan225 and SPUBYUP.
The picture is pretty grim. Some say that the world is heading into a deep recession that's likely to be worse than 2008. Some of course say 'no chance'.
The India50 and the Brazil60 are the two main indices, yet to take a nose dive.
The India50 is...
In this screencast I look back to 2008 to get an idea of what happened in the last crash.
As I'm in a lot of positive equity, I don't want to become complacent in my trend following. So - I've looked back to see the sort of bouncing around of price I could expect (if the current picture unfolds similarly).
To be clear, I...
I overview the weekly and lower time frames with reference to some economic realities. There is a probability of an economic collapse which is not just about America.
A potential collapse of the Wall Street has been 'predicted' by others. I make no predictions as my crystal ball broke a long time ago - and I've had to adapt.
The issue of an inverted yield-curve...
In this screencast I show how I interpreted the bull run on the daily and how I entered on a 30 min time frame.
Everybody (almost) went 'Wooohoooo!" when Trump made announcements that trade war with China was on hold. There was also the Wooohooo thing when Powell made his politically correct statement, which actually didn't say anything about halting interest...
In the screencast I show how supposedly good news from the Federal Reserve today caused stockmarkets all over the world to leap north. Wall Street jumped some 600+ points, for the joy of many people. I don't see any reason for joy. Sorry. Forex pairs influenced by stock markets also moved seriously.
The reality is that Powell used softer more measured and...