SP500 Top, 50% retrace back down to 2800Looks 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.
Blowofftop
SBUX Losing Steam? Bill Ackman Selling on liability?SBUX forming lower high - double top. Its looking like the last leg up to ~$100 was the blow off top of an amazing run. Part of the 81% 2019 increase was due to their China success and growth; Coronavirus continuing to spread into different countries closing stores.
Dow Jones Back to $18k? CoronaVirus = Global Black SwanI feel that the Dow Jones is far over extended on value. Most of the stocks are running well beyond what earnings should allow. Now we have the Corona Virus effecting the globe much more than the news will admit. If China's economy was on the tipping point of collapse as some suspect, will this be enough to push them over the edge.
If China begins to collapse in to debt, how will global trade be effected? How about US bonds? Where do we go from here?
I have a bad scenario laid out and I would hate to see it happen. Remember that this is not trading advice.
Tesla Top confirmed? Money flow divergenceLooks like we finally got here, the short moment we have been waiting for.
Tesla have been following a very steep ascending channel and taken out several resistances levels, in the prior days it reached climax volume and climed out of the channel, looks like a blow-off to me. will be interesting to follow next week.
There is still a possibility it will take a few days off just to resume the trend and hit the Golden Ratio at 525$