The SPY is selling off. This indicator measures current interest in changing price and plots green, red and grey candles. Red means much lambs blood imminent, don't be a lamb for large corporations.
Using a trendline extending from 1932 on the log scale
-784 points loss after the Tech bubble of year 2000
-900 points loss after the mortgage chrisis of 2008
... Mean average of both is 846 points
3025 - 846 = 2179 is support level for SPX
Angle for both crashes
41 degree angle for year 2000 + 61 degrees angle for year 2008
Mean average of both is 51 degrees
Predicting the next crash using a long trendline from 1932 crash which has touched and acted as support for every other crash thereafter.
Here is the data from the previous 2 crashes
-784 points loss after the Tech bubble of year 2000
-900 points loss after the mortgage chrisis of 2008
... Mean average of both is 846 points
3025 - 846 = 2179 is support level...
The cashflow indicator is a measure in change in price multiplied by volume. I believe this shows current interest in changing price. The indicator shows current cashflow and average cashflow. The average cashflow looks like a pool of blood in a downtrend. Each current cashflow value is like a dagger stabbing a cash filled balloon. If you see a blood filled...
Here is a chart of quarterly PCE growth, which gives another useful 'recession watch' indicator. It is currently at a critical level and worth keeping a close eye on.
Commentary from "The Recession Playbook" from Morgan Stanley:
"With growth in real personal consumption expenditures (PCE) below 2.5% sending a reasonably consistent recession signal. Each of the...
Sort of an update to my previous video charts. See related ideas.
BTC is still a short term bearish decline.
If the April 1 through end of June pump was the top of wave 1, then we are currently in wave 2.
Wave 2 can extend anywhere between mid August and mid September.
Supporting evidence:
The greatest evidence is the breaking of trend lines.
You can see...
Market is not expecting a large correction at all, which is exactly why it could happen.
This double top looks like a major local topping formation, inflection point.
Market seems to have all the characteristics of a B wave with over bullishness, lot of delusion still present, and almost nobody expecting a bear market continuation.
Market average correction...
I didn't notice the purple trend line before, but it started the 2008/9 Financial Crisis. I see this as heavy resistance, if we get rejected at this trend line then for sure we will have a major economic collapse. If we bust through this resistance line then I can see the market going nuts for 5-6 more years. I tend to think we crash within the next year and a...
NASDAQ:TLRY
$TLRY went through a rough year. The greed/fear cycle played itself out, and here we are... back where we started.
$34 is a major support, and we just double tapped it and started an upward trajectory. Based on the volume profile of the stock, I think we're headed back towards an equilibrium, right around the mid 70s. We'll consolidate at 50 for a...
Hope this idea will inspire some of you !
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Kindly,
Phil
The similarities of the Dec 2017 spike and crash of Jan-Fed of 2018 seem eerily similar to what we see today. In fact I highlighted the parts that seemed very similar. Color for color, move for move, and even the time frame seems quite similar. Within a few months, we saw a huge spike in the price of Bitcoin, than a quick decent. As of this posting;
Bitcoin...
My own indicator the Mojiadoji is flashing panic across the boards .Black Monday is upon us ,the rich will become the beggars ,the fools become the wise .
I'll be popping champagne while the Wall st wizz will be popping his head out a 44th storey window surely followed by the rest of his body and a few colleagues that went balls deep in this good times...
We seem to be going through the same emotional ride as we did before in the last bubble but with just less participation and news coverage. There are now existential threats no longer round the corner, but actually upon us, Libra and regulations are not good for crypto price appreciation. Adoption, if it ever actually happens as is currently predicted, is still...
October 2019 will be the beginning of the end of our current international financial system.
#Gold and #Bitcoin will play an important role in the new 21st century "Bretton Woods v3.0" (?) one.
S&P New All Time Highs - Risky Buy
The Emini and S&P 500 made a new all time high again today, leading many to believe this market is still strong. In some ways it is, but it is more important to realize it is also in a bull flag trading range. This makes it a risky place to buy up here. This is where strong bulls who bought lower will start looking to take...
