My assumption is that the exchange rate will turn north again from 3062 usd. It can be seen that the amplitude (red square) of the wave sequences generated by the ATR lower endpoints indicated by the PSAR indicator and its associated valleys decreases in half. The rule states that this observation is relevant if the magnitude of the upper ATR endpoints and its...
It is very near to the point where it will turn back and take a short trend until it meats the MA200 which acts as a variable support line.
Just wait for a pattern that indicates a trend reversal and go short, set the stop loss at a distance from the entry price between 41.55 and 55.4 pips. Good luck!
You can find me on twitter at @AxinteCiprian
As well as hundreds of indicators based on historical data leaning highly bearish, strong possibility of a head and shoulders pattern forming on both the 1D and 4H charts. Printing more money can only work for so long, before a correction is inevitable. Bubble could be about to burst.
Since my previous analysis closely followed the movement of the exchange rate so far, this post only points out that I am expecting a further acceleration in technology. The first to provide an opportunity for correction is the 3177 usd environment.
In this video we can see that the real estate sector is a leading indicator for the S&P 500.
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The real estate sector peaks first and trends down and then is followed by the broader market.
When the upward trend in real estate breaks it is bad news for the stock market and is a clear warning sign.
We also look at our count...
consolidated above the 2.618 fib level from the 2008/09 retracement, broken all resistance lines and closed the week at all time highs. lets hear it for the bears? itchy trigger fingers yet?
As you can see from previous readings we are coming into sell territory for the S&P. Given the current economic climate investors will be looking to liquidate their portfolios, how much will determine the severity of the down move.
This is not to say the top is here but we are in the sell zone on the VIX - price could push up further but until the VIX bounces...
The stock market is making new all time highs lets look at what is really going on.
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This is my idea for a completion of this current 11 year bull market with an ending diaganol wave 5.
The the market making new all time highs lets look at what is really going on.
Please watch my latest video and feel free to subsricbe to my channel
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This is my idea for a end to the cycle with an ending diaganol wave 5.
I intend to continue my previous analysis of the SPX500USD (W1) in this post. The analysis of that time is still accurate. Then we studied fractals in a week. We are currently looking for fractal similarity in D1 in the current motion. So far it is visible. that 1-2 and 2-1 fractals are likely to develop. For correction fractals, this rule system has already been...
The S&P 500 (SPX) has been printing lower highs and is losing momentum, a potential drop is developing.
On the chart above I've marked the different support levels as well as the different potential scenarios.
We believe the SPX will move lower based on chart signals and past history.
Feel free to leave a question and share your thoughts.
Previous analysis:...
Standard and Poor's 500 Index is a capitalization-weighted index of 500 stocks. The index is designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries. The index was developed with a base level of 10 for the 1941-43 base period.
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