The graph you are seeing is about moments before Black Monday happened in 2008, and, as you can see, there was a clear 10% increase in price before Black Monday happened. That is what is happening right now. As soon as the USA reported that its inflation rate decreased 0.6% (9.1% - 8.5%), people became greedy and fomo bought stocks/etc. They thought the trend was...
The 2022 March low is a massive bull trap, signaled by trend breaks and a monthly RSI divergence. The setup here reminds me of 1987. Check out the Sqzme DIX index to see the balance of OTC transactions (Over-The-Counter trades, conducted by hedge funds, banks etc). DIX indicates a bull trap to a scale not seen in over 10 years. Heavy OTC buy-side initiation...
Long...For now.
This is almost the exact same technical picture as SPX in 1987.
Fibonacci Time Lines marking Pre-Crashes starting on Black Monday in 1987. Moon Phases as viewed as highs and lows for confirmation of resistance and support. 1,082 weekly bars from number 8 to number 13.
As the title suggests. I believe we will see a stock market crash on Monday, May 18. (Or Tuesday/Wednesday if WXY morphs into WXYZ) I called for the drop today, after completion of a perfect ABC flat. This however morphed into another WXY when another upside down ABC flat formed. We are now completing the 5 wave up into Monday's open. 3 (flat ABC) - 3 (flat...
monday... sometimes it really do be like dat
We have the chart here that shows the beginning of the Great Depression in 1929. Do you see it? Compare it to the current dow jones history. I see an almost 1: 1 same course. Well, just a little suggestion. Tip: After that it went down another 3 years.
Hey all! Hope everyone is having a geat day! ... errr night. errr wait. Morning. Whatever time of day it is -I hope you're enjoying it. Update to my previous 5 published ideas. We look to be continuing to play out the larger CUP AND HANDLE BULLISH REVERSAL PATTERN over -all. The tricky part has been ID'ing the HANDLE structure and where to expect BTC to...
Looks like we could be dropping down to $3000 fairly quickly and then settling down around $2800. I think that the Coronavirus in combo with a possible top being reached could result in a major retrace. This is forward thinking and doesn't have the usual evidence that TA should. You can consider this to be speculation at best, this is certainly not financial advice.
I feel that the Dow Jones is far over extended on value. Most of the stocks are running well beyond what earnings should allow. Now we have the Corona Virus effecting the globe much more than the news will admit. If China's economy was on the tipping point of collapse as some suspect, will this be enough to push them over the edge. If China begins to collapse in...
I publicly called the October 2018 market top months before it happened and the subsequent low, as well as this move up. I have also not been shy in hiding my belief that a crash will target $15,000 at least. If we continue to follow this same market pattern from prior to 1987's Black Monday, then we should expect a rise toward $29,000, as I have mentioned...
It's uncanny how the bar pattern taken from the events surrounding 1987's Black Monday are rhyming today. Will history repeat itself?
Yen is uaually treated as a safe haven. Money may continue to flow out of JPY if the market continues to recover. Good fundamental and technical tailwinds