Quadruple top!! What next?
Updated
The situation with the DJI is now crazy! Some say the more times price approaches resistance the greater the chance of a breakout. Some say the opposite.
I've seen price fail to breakout after 9 hits on a support/resistance level (with other instruments). The DJI is now anybody's guess.
I've seen price fail to breakout after 9 hits on a support/resistance level (with other instruments). The DJI is now anybody's guess.
Note
Bombs have fallen in Basra! There is trouble ahead (potentially). theguardian.com/world/2019/jun/19/iraq-rocket-attack-basra-injured-foreign-oil-companiesNote
There must be a news blackout on the Basra situation. Nothing at all in the last 8 hours of this post Normally one would expect the traditional media to be regurgitating the stuff. Only a small handful of media houses have even mentioned the situation.Note
FOMC live! Stay tuned federalreserve.gov/live-broadcast.htmNote
Interest rates remain unchanged. Powell delivered his usual double talk He has to please his political master - though he says publicly that he is his own boss. The master requires talk that the "economy is doing fanastically well" - but Powell must know that it isn't - it's just that he can't say that outright. I'm sorry - $22 Trillion is debt most of which was expanded in the Trump era does not mean - by any stretch of imagination or fantasy - that your economy is doing well. I'm not changing my mind.Note
Those trading stock indices - the HFT's have started up at 2016-06-27 23:39GMT
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
Related publications
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.