The candle from last night should be a proper signal, having broken the previous top now turned support, that further downside is expected. I am also seeing a completed ABC correction with C being higher and a temporary price top has been set. We should see movement down as vaccine hopium and post election swag is wearing off. Besides, RSI is nowhere while we had...
EURO STOXX: we waiting for a downward move, causing havoc (year: 2020 - 2022) before buying, in anticipation of a multi decade bull market.
Treasuries look to be signaling that yesterday & today are in fact buy the dip we have risk on sentiment coming next couple weeks. If we check the weekly RSI 10 yr yields r very overbought, coincidentally so are all major indices RSI weekly indicators. Conclusion is we are in the final chapters of the bull market since March and another crash is imminent. But will...
Guys just so you r all aware. There will be no bear market, they have been canceled indefinitely. Every-time any of you think about getting into bunker and hoarding food, gold bars or paying Peter Schiff Harry Dent or any of the fear mongers just look at my chart. In fact burn it into your brains. Stock always go up. Just buy buy buy. So easy
Negative RSI Divergence indicates a strong bearish signal. RSI is currently at 53, the trend reversal will accelerate once RSI falls below 50.
I over laid the VIX because their is a big divergence right now but I think the DXY & VIX will meet again in June and they will both be going up
Here is my $DXY chart heading into next week, I can't be bulls on #oil or #stocks or #cryptocurrency as long as #dollardemand continues to grind higher, & if we look at other dollar pegs ie.. euro peso we see that $USD is destroying things outside USA #NDX $BTC #SP500
NASDAQ looking pretty over extended Fam. Time for a fat juicy short!
What's up guys, just want to share my strategy with my followers. I am currently long ALGO (crypto) & XRP waiting only this weekend b4 I close off all open positions. I closed my SDOW not because I don't think it will continue to rise as I feel strongly that the DJIA is pretty fucked. But because I want to short WTI crude. I plan (if this works out) to close off...
The last time the gold/silver ratio was breaking out in this manner was in 1929, and following the breakout, the ratio moved higher and higher and higher for YEARS. Be wary of the gold and silver perma-bulls. Gold is a necessary part of every portfolio as both a deflation and inflation hedge, but silver isn't. Silver is treated as an industrial commodity by...
Retail is plowing into USO, tech, and US stocks. Even with the "Fed Liquidity", the 1st quarter of 2020 was the largest QoQ contraction in credit conditions EVER. The fundamental economic data is putrid. The worst ever. and REMEMBER, corporate profits peaked in late 2018, which is also when the Russell 2000 entered a bear market. The SPX was saved from...
We posted an article on Feb 10th 2020 on our site called "How to Avoid Big Losses Trading TQQQ ETF". We said the TQQQ ETF was at extreme levels above the Weekly 200 DMA and that we ultimately expected a move down to the 200 DMA. We have now hit that target.
If you've been following me here, on YouTube, on Facebook, or on Twitter, then you know that, for the past 1.5 years, I have been warning that the 2018-2020 trading range is likely distribution, using point and figure charts as well as volume and price action as evidence. I have also continually pointed out the fundamental similarities to 1987, 1999, and 2007....
Some possibilities I'm preparing for: We finish wave 5 in the wave C down. Then we bounce from there into a wave 1 up. Or this whole down move is part of a larger A wave down, which means there's a lot more left to fall. I'm kind of thinking the latter, but time will tell. Either way, I'm expecting lots of volatile moves up and down, so I'm managing my...
Though it seems like we're currently in correction wave A and would like to stay neutral short to mid-term until confirmed wave 1 appears, the gap and bearish engulfing candle make it seem like the slide will continue earlier than expected within Q1 -- or maybe it will suddenly "recover" fast by next week, depends on the whales tbh, but lemme know your thoughts...