Crash
Luna can tank upto $19After the Luna crash, the whole cryptocurrency community is an awe and shock as the UST being the stablecoin, lost its value, hence, depleting the trust factor of crypto holders from UST and other stable coins.
Technically, we anticipate Luna tanking upto $19, and then take a buy position from the support.
S&P 500 Index ShortMultiple fractal signals are in alignment (1969-1929 price action very closely resembles that of 2000-2022), and monthly support may be flipping into resistance, suggesting a move down to the logarithmic support trend line. A fractal/repetition of the crash in 2008 would almost perfectly align with the expected support, acting as further confirmation.
Don't trust hopium sellersIt is a good thing to learn caution from the misfortunes of others. What's not as often discussed by all those crypto promoters (Youtube, Twitter, Telegram ...etc) is the great number of people who have lost significant sums trying to become rich by investing in crypto.
I hope everything is going well for you or at least you have some spare cash for the black Friday sales.
Ideas for $QQQ in months aheadDon'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 for there to be a real crash. Crashes occur at peak exuberance, and we have not reached that stage (yet).
I bet 2022 will be a bear market.
GFC Analog S&P ComparisonI 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.
Nasdaq about to test pre Corona High as support ?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...
DOLLAR UP // EURO ( CRASH )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 large number of assets and currencies, such as the SP500, Bitcoin, Euro, etc... fall sharply.
We are at a critical point, as we have already observed in the previous Euro analysis. If the strength continues to increase, there is a high probability that it could reach the levels of 120. After that level. We would be faced with a new scenario. Where the dollar will ultimately decide the future strength or weakness of the rest of the assets. It would not be surprising that we are facing a final sprint for the dollar where before falling the dollar itself, it will take everything ahead. Good luck to all !
Bye Bye EURO !! ( CRASH )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 no nearby supports that can hold the price, so the HIGHEST probability is to fall. The market structure predicts an abrupt and rapid fall towards these levels, probably without giving us any retracement, as happened in the past.
We have already broken the bullish guideline within the bearish channel and this is not good news, since there is no " REAL SUPPORT " by market structure ( I REPEAT ) The area where it is right now, is NOT a SUPPORT !!! .
Europeans can be affected by this, losing 20% of their wealth added to inflation added to the uncontrolled growth of taxes. :( . Best of luck to All, hope it helps to get a clean picture of the future of the EURO.
When will S&P500 finish its first correction wave ?!?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 ANYWAY , today we are analyzing the S&P500 with the Elliott Waves from the crash of the Covid-19, and what we can see is that:
The 5 of the Impulse Extended Ending Diagonal Wave has been confirmed the 22 Nov '21
- An EED have 5 waves that are subdivided into correction waves 3-3-3-3-3.
- In an expanding diagonal ending, wave 1 is small, wave 3 is medium and Wave 5 is long.
Since then, we are in an ABC pattern that we are about to finish in the incoming week
For me, it is the first Wave of the correction pattern that we are about to be witness in the incoming month and until next year.
Because the worldwide economy is not looking good, in my opinion I would say that we are finishing Wave W of a WXYXZ.
ZOOM IN for a better view of the objectives that have been found for the end of the downtrend (light blue C of the ABC) :
1/// 4000 is strong by being the 100% of the ABC pattern
2/// 3900 is strong by being the 113% of the ABC pattern
3/// 3850/3825 is the strongest by being the 123%/127,2% of the ABC pattern and near the 38.2% of the entire Impulse Wave Retracement
ZOOM OUT for a better view of the overall structure of the S&P500
You can also check my analysis on the NAS100 where the structure is pretty much the same.
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Please feel free to ask question and recommendations in the comment section, I would be more than happy to answer your questions
False Hope US30; Swing EntryLet'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 beasts like the US30 so if my sell limits are hit I'm watching for a break in the downward barrier that's held since the ATH. If it breaks I'll be exiting and looking for a higher entry, A Recession is in the future but manipulation and other factors may try to signal for a change in direction, but I'll consider those as fake outs, because the unavoidable is here, no matter what tactics the FED goes with a recession is the outcome, it'll either be clean cut or messy.
$QQQ #QQQ Trend Line - InterestingIf 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 trend line. Interesting nonetheless.
NASDAQ continues its drop to its final destination. 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, agency debt, and agency mortgage-backed securities.
Anyway, we are now experiencing what the Elliott Waves was showing us earlier last month, and we are about to complete the correction ABC.
As you can tell I have 2 mains strong objectives:
FIRST: 12250-12195 = which is the 123/127,2% of extension of the green C and the 161% of the white C of the green C
SECOND: 11660 = which is the 161,8% of the extension of the green C and the 113% of the extension of the blue C
I will put more screenshot bellow for you to understand.
$DXY triple top dollar crash? 👁🗨*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 get a triple top on the dollar $DXY. This would signal a large melt-up rally for the markets if this scenario occurs. If $DXY miraculously manages to push itself through this resistance we will see a SUBSTANTIAL market correction.
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The Great Reset of 2022In 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 high profile growth stocks to safer investments such as commodities and real estate in fear of a recession.
Also consumer spending is lower than before as consumers does not buy multiple streaming services, delivery services or technology in general but instead safe money and keep e.g. dollar instead of stocks and cryptocurrencies.
This negative consumer spending causes these high profile growth stocks to see a slow down in growth as their balance sheets are negative.
NASDAQ may see correction towards the green part of the green cloud but after that a more drastic drop off as the price crossed underneath the green cloud.
To support this claim does the EMA and the RSI are both showing this correction is likely to happen.
In tune with inversion of the yield curve may the NASDAQ see negative movements like it did during the last times this happened in: 2001 and 2007 right before the Dot com bubble and the Great Recession respectively.
Will history repeat itself? Interesting comparison from 08' & 22I 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 take. On the left chart, you'll see NDAQ retraced back to the .618 level on Wednesday, May 7th. then got rejected by the 200 day moving average. The following week the CPI report for April was released Wednesday, May 14th which caused a huge dump that lasted to the third week of May. That dump was a total of 19%. That is insane! So, I started to think maybe the same thing will happen this current May 2022. It is very possible that history will repeat itself. I decided to fib retracement April-May exactly how I retraced it in 2008. According to my calculation it should take 7 trading days in May 2022 to reach the .618 fib level. That is exactly where the 50 day moving average is at price $172. This is the same day the April 2022 CPI report will be released Wednesday, May 11th. If we retrace by then and then later the market dumps 19% like it did in May 2008. The dump will hit a current major support level at $140-145 zone! Well isn't that a coincidence? That price level $140-145 became the major support on Jan 2021. The same year that inflation started to take affect on our economy. Could it be possible that we crash this May as a symbol to end inflation?