Don't think crash is coming (yet). Or any real correction.
Earnings are too bullish for that, Fed is still keeping rates high.
I think we still have room for an impulsive blow off (again) out of a historical resistance to 400s range on QQQ before speculators will start taking profits, rates rise and this comes crashing down.
There is too much fear in markets now...
I took the Great Financial Crash and copy pasted it aligning it with the S&P ATH. I kept the % drawdown the same, and it aligned with the COVID bottom by coincidence.
Not a prediction in any way, shape or form. But it's an interesting exercise to visualise how the drawdowns and the timing worked out then.
A triple measured move of the first wave down, would bring us exactly down to test the pre corona all time as support... This is nowhere near a prediction, just some autism TA :-D
That wave rallye we would be close to see at the moment would be very juicy though.. almost 20% rallye before we get that last nasty selloff...
The strength of the dollar as a currency is increasingly present against other currencies, if the FED continues to raise interest rates in this way and the rest of the countries do nothing with their currencies, we would be talking about an increase in strength for the dollar currency (at least temporarily). An increase in the strength of the dollar, would make a...
The levels on the euro's chart against the dollar are highly worrisome.
If the European Union does not quickly raise interest rates more aggressively, we could see the Euro fall to levels of €1=$1 or even lower at €0.8=$1.
We note that it has been in a bearish channel since about 2005, which it has been respecting in a demanding manner. At the same time we have...
Hello traders!
I think we are all looking at the indices charts that keeps falling with the effect of the crisis and economy management from the Fed and central banks.
**According to Truflation, the inflation rate is at 11.4% in the USA**
This economic crash is not yet to stop, we will be experiencing crazy time in the incoming month and years...!
BUT...
Let's not deny the bear market we're in, with a Recession more than assured it's only a matter of "when". Currently US30 has been holding support on my 4H and WEEKLY S&R lines and it's been setting lower highs since it hit it's ATH around 36955. All I'm looking for is a good entry for a swing trade down. Again we don't try to tame just mitigate when it comes to...
If you do not think this is interesting, then we can't be friends. It doesn't mean it can't break that purple trend line, but take a look. Algos may be there, for now. Macros are awful still, and almost everyone says it has to go lower. I do not like the credit markets, so that is something to keep in mind. Nothing has to happen though. Take a look at this purple...
Hello traders,
As you can see after a crazy meeting by our lovely FED president J. Powell, which upped the federal funds rate to 0.75 percent – 1.00 percent by.50 percent, or 50 basis points.
The Federal Reserve anticipates that the federal funds rate will continue to rise.
On June 1, the committee will begin to reduce its holdings of Treasury securities,...
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
!! This chart analysis is for reference purposes only !!
Looks like we will...
In the light of a recession with the GDP seeing negative growth in Q1 and a tighter monetary policy from Fed as well as rate hikes from Fed does the high profile growth stocks see a slow down.
The main buyer of these high profile growth stocks is NASDAQ where many of these stocks see a bearish market (e.g. Meta Platforms, Zoom and Netflix) as investors go from...
I was looking at the start of April 2008 through May 1st 2008, when I noticed similar price action from April 2022 through May 1st 2022.
On both charts, at the start of April to the 1st May the price fell an average of 16%. Since I know what happened in 2008, I used the fib retracement to see how much of retracement the NASDAQ would go and how long it would...
Given the somewhat bullish news from the Fed today, a rate hike of only 50 basis points and no larger hikes in the near future, things seem to be looking up.
The news gave way to a major rally midday, erasing losses since- well, last Monday.
However, it should be noted that the fed slipped in a dirty curveball: in June it will start a multi-trillion dollar...
False breakout of the order block there where it stopped the bear is showing there strength.
Russia is planning to invade another country, China is planning the way to invade Taiwan.
Also USA.. still going to recession and inflation is going 8% higher now.
Everything is mixed up and the bears aren’t done yet its not over.
The very bad news is Russia is...
Is The US market crash coming ?
We have 3 types of “crashes”
Correction <15% downward movement in a major indicy
Bear Market <20% downward movement in a major indicy
Black Swan event, something very unexpected that tanks the market, think 1987, 1929, challenger disaster, 911 and so on.
The fourth type is the 1919, 1929, 1999 and 2008 scenario that people...
The TNX looks like it's been in a huge cup and handle pattern since early 2020. It also looks like the handle is breaking out and if the pattern plays out, we could see the TNX all the way up to 3%. That could put pressure on the precious metals, real estate, and the stock market. I think the Fed would have to intervene if we saw rates go that high.
