S&P 500 Weekly Daily Chart Analysis For Jan 25, 2020Technical Analysis and Outlook
The Index completed Outer Index Rally $3,870 and marching-on to Outer Index Dip $3,65 0, and Key Sup $3,647 . The current ''Buy Zone'' at/between Mean Sup $3,688 and Key Sup $3,647 stands as a unique chance for buying once the prices drop to these zones. To continue the rest of the market story, see the 'Weekly Market Review & Analysis For January 25, 2020" at the usual site.
Economy
Massive Breakdown in markets?1) BEARISH: Our INDICATOR (green/red) is getting the first bearish signal.
2) BEARISH: On the Weekly, Montly and even Yearly we see a massive bearish divergence in RSI.
3) BEARISH: The WEEKLY MACD has as almost a bear cross.
4) BEARISH: Corona is getting worse, the stocks are only up en everybody is getting more money in stocks?
5) BEARISH: Only the FED is pumping money but for how long
6) BEARISH: DXY (Dollar) looks for a trend reversal for a couple of weeks now (DXY is bullish)
Companies are closed and we didn't get the first bankruptcies. But I think we will see a Massive Breakdown in this market.
I like to trade, but I don't like to gamble on a world wide pandemic while stocks are a ATH (all time high)
Let's see if we getting in the green again. But I don't think we go up for a while now..
Please share your vision below!
EURUSD to bottom of range or lower. 7.66/1 RRHere is what I am seeing on EURUSD. While price could very well turn around me and reverse past it's short term highs it appears that there is a lot absorption of higher prices (lower lows) during this consolidation period which gives me confidence in my position and allows for a nice risk to reward. Furthermore, the exchange quote for the Euro Dollar has become quite extended on the back of stimulus news every other week, now that Stimulus and US elections are settled higher prices will likely continue to be sold with ease. My first target is a 1.8/1 second target is 3.85/1 and my swing target is 7.66/1
Bitcoin (BTC/USD) Weekly Daily Chart Analysis For Jan 19, 2021Technical Analysis and Outlook
With the completed Inner Coin Rally of $49,955 on Jan. 8th, and with the TARC conformation (Proprietary symbol not shown), Bitcoin is heading lower to its first destination Outer Coin Dip $27,460 . The significant Mean Sup $26,810 offers an immediate buying opportunity, while the next Ultimate Buy zone lies at $22,720 . The leading destination to the upside is marked at Mean Res $36,470 - See 'Weekly Market Review & Analysis For January 19, 2020, page to continue the rest story.
SP500 Special - It won't go up foreverToday we will release a special analysis on the long term state of the stock market in the United States following the recent events (inauguration of President Joe Biden).
As you can see from the chart we are in a big uptrend that started in 1872 (yes, we have data from that time in Tradingview) with some corrections, the most notable being the 1929 Depression and the price structure that was formed from the 2000 Tech Bubble burst (started April 2000) and the 2008-09 Recession (ended March 2009). If you follow the price structure along the way up you can see smaller correction that have always pushed the price higher after their completion (April 2011- October 2011, April 2015 - March 2016, Jan 2018-Jan 2019). The recent COVID 19 pandemic created a sharp drop in Feb 2020-March 2020 followed by the powerful continuation of the uptrend backed fundamentally by the FED printing trillions of dollars to support the economy.
It is obvious to anyone who has studied market cycles and knows how the markets work that an uptrend or a downtrend won't go on forever. Even if it is for the American economy to continue to push higher at some point it will need a correction that will be bigger that the smaller ones mentioned in the above paragraph. The dangerous scenario here is a reversal from uptrend to downtrend that will possibly mean a stagnation period of several decades for the American economy even longer if we take into account the notion that correction are time wise bigger than impulses.
When will this happen? No one knows, it may well be that markets push higher for the next 5, 10 or 20 years before some bigger correction will start but as winter follows summer it is bound to happen.
We are surely living in interesting times!
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Eco/monetary news n°26: USD and USA going to zero> Stunningly stupid bureaucrats and billionaires start campaign of repression, looking to get killed by mobs maybe
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Trying to create martyrs? Make everyone angry? End up like Abd al-Ilah and Nuri al-Said? Sure looks like it. They must be doing it on purpose, can't be that oblivious and braindead.
US members of congress looked terrified when the capitol got stormed, and they couldn't win a war against farmers, so I take it they must like the thrill and want more of it?
France is mostly demilitarized, they got 200,000 men total I'd say, and big ghettoes they cannot handle.
They also must enjoy S&M, the senate passed a law that allows the pencil pushers to have anyone arrested and sent to jail immediately on "hate speech" charges. Not sure what hate speech means, and I guess identification is made by IP or by a snitch, just like in the Soviet Union.
The Soviet Union were able to keep their repression on for 3 reasons:
- Huge reserves of Oil & Wood 1 NatGas that brought the money (bribes) in
- A large army
- Privileging the working class (oppressing the farmers)
Billionaires from internet companies and more have launched a coordinated attack on the competition, including parler that has all its providers block them (amazon servers, apple store, other things, even their lawyers left I heard, and so on).
France radical left had some reactions (La France insoumise - "France that won't submit" or "we won't submit") about the US (summed up):
- François Ruffin: "Trump is not my cup of tea, but Silicon Valley geants ban of his is scandalous, and tomorrow we'll all be censored"
- Jean-Luc Mélenchon: "I am extremely hostile to any US government, but republicans a bit more... The divide continues to grow... They have been interfering too much in the world for the past 30 years... There will be more wars, Biden surrounding himself with warmongers... The US are getting shipwrecked..."
> In 2020 human constructions on earth have surpassed entire biomass (estimates, not sure that is really true)
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Saw this at the start of this year. They're sure they didn't underestimate anything? It went from 3% to greater.
Is this some sort of peak? As far as growth can go? Or continue, and just rebuild earth entirely?
Biggest part of constructions are buildings, and outside of Africa people aren't multiplying anymore (even Uyghurs).
Infinite growth... That's something made up by infinite greed.
Maybe eco-terrorists start to destroy everything now?
Might be interesting to keep this in mind.
> Stratospheric warming could lead to winter weather in regions ("beast from the east"), and to crazy NG futures
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There is some weather activity going on, and this can lead to some cold regions, don't ask me too much about it.
Maybe something happens as a result? More covid deaths ==> Another March 2020. Something to keep in mind...
> "Just a rant" they said: US military desperate as they cannot recruit since everyone is too fat or stupid
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There are real consequences to things you know...
This is not new but military officers have wrote an official letter about it, they're worried...
Apparently less than 30% are suitable for recruitment.
This will impact US imperialism, the military-industrial complex, the balance of power, and obviously world currencies.
taskandpurpose.com
> Lebanese CB governor denies ponzi accusations from low IQ french president that failed his exams 3X in a row
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Fun fact: french president is a bureaucrat whose only achievement is his diplomas. Which he failed 3 times, or got on his 3rd try.
A lot of smart people agree that he is dumb. He is the least intelligent one I know of, I only know them since the 1950s, but would not surprise me if he was the dumbest ever.
He screamed at Lebanon they were running a ponzi scheme, which they might be I don't know I've been following a tiny bit from far, haven't really got into it. And the governor recently gave an exclusive interview to a french media and denied the accusation, saying "My conscience is clear".
> Oy Vey: Bank of Israel intervenes to slow raging evergoing charge of their currency, makes record FX purchases
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The US pyramid scheme currency is going to zero too fast for Israel they cannot handle it. Their foreign reserves has grown to 43% of their GDP.
They give 2 reasons: offset the Shekel gains (caused by USD losses) and pay for covid expenses.
It's at its lowest level since at least 20 years. Would have been a great short if my broker had this, and if I did "exotics".
I don't really know what to make of it, the usd is going to zero, already knew that.
Not much different from other USD pairs or BTCUSD, except going down more strongly than all the other ones (USDCNH is recovering a bit).
Power moving more away from the west and towards the middle east (and of course east Europe & SEA).
EUR/USD Weekly Daily Chart Analysis For January 11, 2021Technical Analysis and Outlook
The Euro retracement price action is in a corrective mode and well placed following completion of the Inner Currency Rally $1.2349 , and marginally Outer Currency Rally $1.2370 . Formation of Mean Res $1.2210 and Key Res $1.1173 are confirmed by Trade Selector System proprietary 'TARC' symbol - Trade accordingly/appropriate to your risk strategy. To continue the rest of the market story, see the 'Weekly Market Review & Analysis For January 11, 2021" at the usual site.
Russell 2000 Index, Weekly Daily Chart Analysis For Jan 4, 2021Technical Analysis and Outlook
The small-cap Russell 2000 was the big star this week with a decent 5.9% gain. The index on its way to Key Res $2,112 , and our Inner Index Rally $2,140 respectively, also, Outer Index Rally $2,180. The short term downside support is tapped at Mean Sup $1,950 providing an excellent ball out buying opportunity. To continue the rest of the market story, see the 'Weekly Market Review & Analysis For January 4, 2021" at the usual site.
Market Crash Inbound? TLT WILL DECIDE $TLT $SPY | Play of YearTLT (inverse gov bonds) looks like it's ready to make a move within the next few weeks, after forming a pretty nice wedge. This will ultimately be a very important indication of what direction the market will be heading in Q1 21 and beyond...
(scroll for options play idea)
Just looking at the fundamentals on TLT, we can predict a market-wide dump (nice correction) with the next 4 months, nailing it on the head will be the difficult part which will most likely involve some type of fundamentals like another rate cut for example (what happened back in Feb and March). TLT is an extremely slow mover, which makes a extremely profitable during higher volatility moves.
This will predict the direction of almost the entire market. TLT would give an indication of a bullish market and economic bounceback if it falls off below $154.63 , but would be confirmed with the break below $148.9. TLT would indicate a potential market-wide correction if it were to break $159.7 as it should make a quick move toward $170 once broken. The economy might get sketchy If TLT were to break $172.15.
Back in February, we entered TLT after the gap up and continuation past $148.90, leading us to a 19% move at highs from that level. Now we will watch $159.7 for a potential breakout which will ultimately result in a similar move as we saw in Feb.
THE EASY LOOT PLAY:
|BULLISH| : TLT $170 CALL 4/16/21 @ $140 AVG (I like)
or
TLT $170 CALL 3/19/21 @ $90 AVG (higher reward higher risk)
|BEARISH| : Not gonna touch it, sit on hands and find other great growth
Timing is key, don't jump the gun
DCJ | Jack
S&P 500 Weekly Daily Chart Analysis For Dec 28, 2020Technical Analysis and Outlook
The Index bounced off the Mean Sup $3,688 and marching-on to Current Inner Index Rally $3,820 , followed by next Outer Index Rally $3,870 . The current ''Buy Zone'' Mean Sup $3,688 and $3,625 stands as a unique chance for buying once the prices drop to these zones. To continue the rest of the market story, see the 'Weekly Market Review & Analysis For December 28, 2020" at the usual site.
US Dollar Outlook is BEARISHWith the massive money printing done by the federal reserve in 2020 with close to $4 Trillion dollars being printed the US dollar does not look good over the next few years. Dollar index looks to be starting a downtrend that could last for multiple years. With rallies taking place in the US equity markets and Bitcoin, currency and commodity markets are showing bearishness in the Dollar.
Incoming candidate for FED chair Janet Yellen after leaving the FED : “We have a 2 percent symmetric inflation objective. For a number of years now, inflation has been running under 2 percent, and I consider it an important priority to make sure that inflation doesn’t chronically undershoot our 2 percent objective,”