Review of the key levels in the major markets as global markets resumed the meltdown with the NASDAQ and SP500 down over 4% and DOW 3.5%. Markets playing catchup to Powell comments and also have concerns that the US consumer is holding onto cash and not providing the economy with needed support...Target failing to delver on earnings highlights the concerns. Safe...
For everybody that wishes they bought Bitcoin at $30,000 when it was a $69,000 well now is your chance to get in at a super discount! Don't be that guy or gal wishing they bought Bitcoin when it was low and didn't take action. We're very oversold on the Relative Strength Index registering at 17. Since the 2020 global shutdowns from Covid-19 the RSI has registered...
See the video. No more hear on the video. I'll just share my opinions, which is not advice. The DJI proves me more wrong more times than I am right. So what? The issue is about limiting how wrong I am - not how many times I am wrong. New traders - and I was one - struggle to get that idea right. Why? Because in ordinary life one is praised for performance by...
SPY price Analysis April 1st If you have any questions, feel free to comment down below!
Just a very quick TradingView exclusive update on the PSX. Today we are at a critical point and i believe it is more likely this creates selling pressure to at least visit the 100-day MA before continuing a decline. this could be a slow decline or very fast if we head into a crash. We need to be watchin if the FED reverses policy which they may not considering...
SPY price Analysis March 23th If you have any questions feel free to ask them! Thanks for watching
The short answer is 'I don't know'. What I know is what everybody can see that Gold has broken out. I look into some of the price action - and it gets wilder as we move deeper up in the trend. There are no predictions in this chart. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice....
Here is my tradeview on GBPUSD this week. Please apply proper risk management when taking any trade posted here. Thank you
A head and shoulders is either built right now on the S&P 500 weekly chart, or it is going to begin building the other shoulder now. Be watching for this new level to be the neckline and then $4500 being the next shoulder. The S&P is held up by the larger weighted stocks and many have sold off for quite some time. Some are down 20-40% already.
On balance I am not optimistic. I think this market will struggle to close the gap. FB lost $230 billion in one day. The CEO lost $30 billion. I can't even begin to think what that feels like. In the video I compare the current gap of some 30% with a similar gap of ~20% back in 2018. This video is for deep thought. There are no predictions here....
Can it be true? Who does it benefit? Check out the M2 money supply vs the S&P 500. Clearly, the more that is printed the more assets increase. Owning assets is your best bet of financial survival. The poor will be crushed but being wealthy in that time is not pretty either. This has been talked about for years by people like Robert Kiyosaki, Peter Schiff, Mike...
Just a quick video breakdown. As you can see a trend building here over the last few weeks, it's likely that trend will continue to true support. That level is very clear at $30k and looks to be pretty heavy support. It is possible we enter the winter and head into that $20k rang or possible a collapse tot he $12k range over a period of many months of volatility....
Taking a quick look at the market to build some planned buying zones. Yellow shows you the dollar zones I am looking at. Parking dry powder with some limit orders is your best option here as some exchanges have larger liquidity drops than others. I am not sure if we will head to $20k but that probability dramatically increases if we break $30k and our support line...
In this video I pay attention to 2H and 4H time frames, updating my previous video. I also compare momentum in the 2020 crash with the current picture. In particular I look compare squeeze momentum and RSI patterns in both periods. There is always 'hope'. But hope doesn't rule against market crashes. This is one hypothesis - not a prediction. Disclaimer:...
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Well, there is trouble in the markets for sure. Last week saw a meltdown of about 8% from one peak, on the DJI. My crystal ball broke a long time ago, and I'm not getting a new one from Ebay. 😂 The video outlines how vigilance on the 2H timeframe paid off for anyone who wanted to short this market. So - what about next week (beginning Mon 24th Jan)? No...
Strong sell-off of US Treasuries zn Target level 126.250 ------------------------------- -------------------------------
Nasdaq stock crash Once the 15188 level is broken ----------------------------------- -------------------------------------