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Denial

SPX: Denial on Denial.SPX: Denial on Denial. There are too much facts going on for anything else to happen than this. where should I even start. Highest debt ever above 140% for US. No increased debt ceiling. Yield curve topped out. Bonds needs to get bought. Inflation coming down harder and unemployment increasing rapidly. Core CPI is larger than CPI. harder for households. More house on the market than ever. Households are not getting sold. VIX expiration today 17e. Biggest expiration in QQQ, SPY, IWM, VIX expiration 19e this week. FED PIVOT is already here. When that happend in history, Recession has always followed. More outflow in stocks than inflows. Options is the only one saving the market till everything expire and the short bag is to great.
SP:SPXShort
by PivotX
2
"New bull market!" "Return to normal!" Bubble bust denial lolzFED "pivot" hopes won't die. Bank collapses are "good for the stock market". AI mania has the meme market looking alive again. NVDA, a company in which both revenue and earnings have dropped significantly over the past 3 quarters, is trading at 150+ P/E and 25xSales with a $666Billion market cap! We're "back to normal" folks! /s I LOVE how this classic Market Psychology chart lines up so well with the current NASDAQ monthly chart!
TVC:IXICShort
by RobBiddle
7
BTCUSD "Economic Bubble"?Thought it fitting to sketch Dr. Jean-Paul Rodrigue "Economic Bubble"model over BTCUSD Weekly TF. Imagine how fast this would move once "FEAR" was to properly set in. Thoughts on price action over the next month? "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
COINBASE:BTCUSDShort
by Trader_Johnni
9
BTC in a bear market till 2020!!! (Updated)So finally the FOMO has ended, what a wild ride it was. It honestly blew my last prediction by a few thousand, still not in comparison to the 2017 bull run by no means but the delusion was strong. To be honest the 2019 run never had the momentum needed to replicate the 2017 run, nor create a new ATH. By taking the DEC 18th 2018 low and drawing 45 degrees from it as you can see on the chart the price stayed below the 45 degree angle the whole time until yesterdays June 26th 2019 brief moment above it. In the world of Gann it is a big deal if the cycle started below the 45 degree angle and never even rose above, it means there was never any momentum in the first place. Without the proper momentum that means there was never going to be a bull market, there never was going to be a new ATH, and the FOMO never had a chance. So since reality has set in finally we can continue with the bear market we were always in, and will continue to be in till 2020. On the way down I do see a few potential areas that will encounter strong support and more than likely an attempt to revive BTC, one being at the 7226.06 mark. At that mark there are several things happening there, the first and most obvious is the 0.618 fib, which was drawn from the DEC 18th 2018 low to the June 26th 2019 high. The second interesting indication of strong support at the 7226.06 mark is the 8/1 angle (orange) from the previous 2017 cycle and the 3/1 angle (purple) from the current cycle we are in. They cross at the 7226.06 mark and create a time cluster, which in the world of Gann is something to always keep an eye on. The extremely interesting thing about that level is both the 0.618 fib and the time cluster are at the exact price of 7226.06, so that is definitely an area to observe on our descent down. Once we pass the 7226.06 mark, and I am highly confident we will, we should not have any more bumps in the road till we get to the obvious low of the DEC 15th 2018 bottom of 3122.98. This will also be another level where they will try to revive BTC and create upward momentum, in my opinion they will not be successful. If we do manage to break lower that the 3122.98 mark, we should continue down till we reach the 1754.78 mark, at this point we could be have finally hit bottom, if so we will have ended the current cycle and will resume upwards momentum. In the event that the downward momentum is so strong, coupled with FUD, and the desire to acquire cheap coin. There is a possibility we could go even lower that the 1754.78 mark. The next few targets I have identified would be 883.74 and 730.34. Either one of these targets are highly unlikely, but we have to remember with BTC anything is possible. Regardless the bear market continues and we will not have a chance to see the possibility of a bottom till around late February of 2020 in my opinion. I do think we will see some strong downward momentum around DEC 15th-17th 2019, but I just think this will be the final nail in the coffin that will give us that last mighty push downward to reaching the true bottom that I believe will come in February of 2020. Cheers all, happy trading...
COINBASE:BTCUSDShort
by UnknownUnicorn2804040
13
Just my 2 sats - BTCUSDTHey guys, it would seem the general consensus among the majority right now is that we're heading into a new low, or at least a retest of the 6k area - I'm not so sure. I've been mostly bearish since i began posting but that was before... before i saw BTC break the bear channel and HOLD. This will mark the first real retest of that once VERY staunch resistance as a new found support (hopefully). Obviously it can fail, however, given the amount of effort BTC needed to break it with any real confirmation, I find myself a little hopeful. This will (In my opinion) be the test to either confirm or deny BTC being in the beginning of a bull season again. This is an important time ladies, gentleman, whales, fishies, bulls and bears and all beasts of burden! feel free to comment your take on the market, i will try to get back to you guys though i often leave this running in the background. Trade safely and make bank!
by Disaster_Chartist