US technical recession confirmed with Atlanta Fed GDPNow data indicating retraction in Q2, two consecutive negative GDP prints. While US stock markets have already experienced the worst first half of the year in more than half a century. Typically in a bull market, this would signal the bottom of a retracement is already in or nearby. Unfortunately, this isn't a...
Price Action Broke through C leg of the ABCD pattern. Currently short and looking for a retest of D leg, which will set up a triple bottom
No trading strategy provided. This idea potentially sheds some light on the ongoing trade war between US and China economies. I normalized EDC/SPXL (Orange) by dividing it by 70 (EDC/70*SPXL) to fit it within same price range as SPXL/EDC. Focus on the waves.