Recently investors started to care about economic data too much.
Always advanced economic data is making the market, not the current data.
Of course right now is very bearish cycle.
But Dollar is getting weak and Powell is very dovish and stating the disinflation's possibility.
We have to predict May's data not the March's.
Data dependant investing always lead to the failure.
I think the economy will move as what the Fed is wanted now near future.
I see a reversal Head and shoulders pattern from DJI.
I am bullish from now on.
Always advanced economic data is making the market, not the current data.
Of course right now is very bearish cycle.
But Dollar is getting weak and Powell is very dovish and stating the disinflation's possibility.
We have to predict May's data not the March's.
Data dependant investing always lead to the failure.
I think the economy will move as what the Fed is wanted now near future.
I see a reversal Head and shoulders pattern from DJI.
I am bullish from now on.
Trade active
My target is around 36900Trade active
I am super bullishTrade active
BBBBUUUUUULLLLLLIIIIISSSSSSHHHHHNote
This is weekly swing chart so…please be patient. I am bullish with dow spx nasdaq bitcoin because I would love to trade in with this ‘extreme fear’ referred by fear and greed index.
1st. Gold price is stable
2nd. Copper price is also steady
3rd. Dollar index is bearish
4th. US bonds are falling sharply from now on./ people would say didn’t I look the bond went down with equities when 2008 big short came./of course I know but gold dollar copper didn’t move like this at that time. Please…think differently.
I was been bearish since middle of 2022. I will change my view to bullish view until I see some changes.
I think this bull market can at least last 2months from now on. Let’s see.
Note
Leman and SVB are totall different.SVB issue can make FED to decide 25bp than 50bp.
This is good news. SVB bankruptcy will make disinflation for now.
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Dow will be stronger than nasdaqNote
Nasdaq will be stronger. Mis words fixTrade active
Looks like nasdaq and dow both strong! Even better :) QQQ is turning to profitTrade active
cpi would fallNote
hey I need more haters :)Hate is the fuel for my long.
bitcoin gold spx apple qqq all profit
Note
Reversal head and shoulders will reveal soonTrade closed: target reached
I won't trade this anymore. I don't see the potential upside
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.