The Big Fudge! Right - so you wanna make money in these markets. All I can say is that these are dangerous times. This is certainly not ' The Big Short' any longer. I call it the big fudge. Now we're not allowed to say who exactly is doing the big fudge - cuz it'll probably break a whole bunch of laws and policies. But it's not illegal or wrong to point to a big fudge. Like it or lump it. Something corrupt is going on out there. If you don't believe me - find experts who know more on the inside story. Just to be clear - it isn't anything to do with Tradingview.
D-DJI
NO CRASH!Well well, Wall Street (DJI or US30), has defied logic! Whoever said markets are about logic? Not me. This market has surprised me in the way it obeyed 'wedge theory'. It broke out north, out of the wedge - like a bat outta hell! But now it's stalling on the 8H time frame. This has happened before and it was meaningful. I show the price action.
S&P500 upside is limited for now We have rallied a long way since the lows, markets are not linear and the price will have to digest the move.
What will likely drive the markets higher is earning, a contrarian but realistic outcome when you consider that wage growth is outperforming inflation by almost 3%.
This, of course, would likely lead to a price rally while earnings multiples are falling!
Dow Jones dropped More Than 600 Points in Two Days. What's Next?Here is our forecasting report in the video format on Dow Jones Industrial Average on 31 Jan 2018. Please enjoy.
Good trading
NinjaSingapore
31 Jan 2018
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