I may be crazy which is why I will wait for confirmation by price. In my opinion the Japanese market will be the leader in a strong, steep decline in overall markets. IF that happens mind you. I don't take positions based on what I think will happen on what provides best risk / reward ratios. This is one to keep an eye though. The inverse ETF has been in a strong decline as Japan's Central Bank has been buying equities on the open market. Eventually, that will stop and the bottom will fall out. It is a huge Ponzi scheme. Only reason why it is going up is due to the central bank printing out paper and trading it for poor balance sheets.
The Weekly is showing a possible consolidation followed by a up move. Looking for a close above $79 to buy
The Weekly is showing a possible consolidation followed by a up move. Looking for a close above $79 to buy
Note
Yep. Right on
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.
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.