looking out a little bit it seems like we are going to continue the ascent down after breaking out of this channel definitely more of a possibility that this goes lower based on technicals with the CMD RSI and STOCH turning point in the cycle? time will tell, That's all folks
Not going to elaborate much on this though there seems to be a distribution thats been going down at the top of this massive ascending channel starting back in the summer, Winter is here boys and girls, I see a small little upside followed by the ending phase of this distribution and out of the ascending channel. next support around 48k ish That's all folks
I think we can see the yield on the 10yr drop lower given all the lights that's been shown the past couple of days. Where will the money run???? That's all folks
What a crazy ride this has been the past week. life is funny and makes things a little more difficult right before there is a break through. IDK what the narrative will be here in the next couple of days/weeks though this is coming down no matter what. The music will stop all together or pause briefly for a quick rush to the chairs like a nice game of musical...
Well the chart explains it all pretty much. I see a little weakness in the dollar, maybe a little that can be squeezed out before declining more but idk these days lol. Looking at all scenarios I think that GLD will have a steady decline back to the 1500 range along with a lot of other markets or hit the top resistance and break or move lower towards bottoms This...
Im not much of a bear... sike, its due to the fact that we are up 590% from bottom to top since the financial crises in 2008. Almost a century ago saw a 500% run up from lows to ATH's Generally when something goes up on whatever positions you hold its a good thing. Everyone is chasing the same thing and that gains however you acquire that. With that being said...
Don't usually do analysis on AAPL though it has a good correlation with the SP500 It's looking like we are primed for another pullback down to the 141 range over the next couple of days Lets see how the markets play out the next couple of days. That's all folks
Again ladies and gentleman we have another analysis about SPX and here its looking like today will be a down day amid all the optimism about earnings. I believe this could be the start of possibly another 2% pullback before testing support around 4400-4380. Maybe this will leak into Wednesday or Thursday.. I'm not a fortune teller and this will be a nice setup...
Here ladies and gentleman we have the US dollar and GLD futures. In DXY we are currently in a nice little wedge and already breaking to the downside. Below are 2 highlighted supports that I'm seeing that could potentially be reversal points since the dollar has been in the upside since May. We all know what this means for equities:) In gold we are looking at a...
2 scenarios in this run up to earnings for TSLA. 1. TSLA beats analysts and does really well this past qtr but with the major disruptions in supply chains and China the past couple of weeks, people can begin to price in not so great numbers going into Q4 and take this opportunity to sell the news. 2. TSLA doesn't do as forecasted and undershoots analysts and...
This isn't financial advice because i'm not a licensed financial advisor. I think we can all feel the fishiness thats been in the air like a sewage spill into the ocean. I'm confident that we've seen the top of 4945.50 and for now theres no turning back. Nothing is transitory in the world that we have the pleasure of inhabiting in the era that we are at. US CPI...
Good little melt up to take us above the .786 Fib level... though technicals aren't looking so hot. Noticed a little bearing Elliot triangle thats looks like its going to push it lower and out of the ascending wedge that started towards the end of SEP. On the daily charts we are hovering right below overbought territory and is looking primed. IMO I don't think...
wanted to bring this to attention on the 1 hr chart Looks like it gearing up for further downside though how far is very questionable Very volatile day today. is it going to be like this for the future? Time will tell... That's all folks
Here there is a blatant double top thats already begun its reversal. Thing that gets me is the bounce off of the 200 MA... Will there be an event that will for the time being push this below its average and push this further to the downside? Watching all scenarios around the world as things start to get dicey and exciting. Theres a nice little gap thats 11%...
We have made it to the tip top of the ascending wedge inside of the larger wedge. Theres been a good bearish divergence on the RSI this run to the ATH so the drop is inevitable.. I mean what can i say this is been a hell of a ride. 200 day is 8.5% away. 2 scenarios: 1. Bounce back up to the tippy top and briefly pass ATH to be rejected at the trend followed by...
This looks primed to have further downside action for for an unknown amount of time but on the hourly we have been flirting with the 200 day moving average since the initial drop on the 7th. Other markets are looking a bit shaky as well in equities. I think we can see bigger swings coming from ETH because of the amount its moved to the upside compared to BTC. ...
Short term I don't see BTC going much higher from this point on. There could be some short spurts though it looks set up for another retest of the 42-43 range.
Not going to say much about the past or the future all I'm trying to do is live in the present. SO much going on around the world and so much not being covered by "news" 150+ year reign has been good and no good thing lasts forever. That's all folks