The way probability distribution works is most common the result - higher the result on the bell curve and rare events are on the bottom of curve. On strong markets, prices rarely ever sit still at pivotal levels like 200dma or high VIX. Here we also saw higher lows, market only had two directions (crash or bull). If you know how markets work (or the drivers)...
There are a lot of discussions about whether or not the 2022 corrections bottom is in. This idea attempts to compare the 2022 bear market correction with 2008. Peak to Trough, the 2008 GFC lasted 17 months. The 2020 and 2022 corrections were both nearly identical in price, but recovery in 2020 was assisted with QE while 2022 face increased tightening. The...
What does the last 2 troughs in the TYA channel has in common with the current? Equity markets were at all-time-high. SPX CY'18 is expected to deliver +26% eps growth this year thanks to the tax cuts and budget deficits. Next year, it is expected to deliver something closer to norm, 10% growth. That is if the Trump's FART bill (google it, not kidding, there is...
Similar price action, similar declining volume, similar Chande Momentum Oscillator. Maybe...
Gold was consistently made higher trough in the shallow trend line. From the dow theory perspectives, the current trend still sideways. Nevertheless, gold now advancing to the lower level, creating new lower trough and the bat pattern of harmonic calculation will be completed. There is no sign of sideways transition reversal, as it formed higher and lower peak,...