Wallstreet
DJI -Wall Street - collapsesI had flagged that the DJI and NASDAQ were in trouble some time ago. I told everybody to 'GET READY'. Some were hypnotised by POTUS's assertions that the American economy is doing "fantastically well". Yes he said so and I have the reference.
The data on ISM that triggered this plunge/correction was not brand new information at all. It's only because the ISM release went viral that there was trouble. Anybody who was anybody who was looking at non-mainstream media would have known that manufacturing and lots of other things were troubled in the US economy. Some haven't even taken note of the $23 Billion in debt as yet.
Others were punching the air about low unemployment figures - which were fake. Yes fake - because they were revised down weeks after the markets had pumped north (and nobody took notice of reality). The true unemployment rates are much lower, and when that goes viral there will be even more trouble.
Just to be clear - contrary to Mr Trump's opinions - the DJI is not the 'economy'. It is sentiment about 'the economy'. Right if you don't here from me again, it's because I've been locked up in an American gulag, for disagreeing with POTUS. LOL!!
Disclaimer : This is not a recommendation to trade securities of any kind. Trading is a high risk activity, with 70-90% of all traders consistently losing money. Your losses are your own. Sue yourself if you lose your money.
US30 - Market Crash Cycles | Indices | Macro Trends*Please support this idea with a LIKE if it helps you. Thanks!
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US30 has been labeled within a Grand Super-Cycle degree wave V (blue), which has been unfolding ever since the 2009 bottom, when the Recession ended.
Structure - Bullish Impulse
2009 lows and up until Apr 2010 highs - Super-Cycle (I) (green)
Apr 2010 highs and down July 2010 lows - Super-Cycle (II) (green)
July 2010 lows and all the way up until Oct 2018 extreme - Super-Cycle (III) (green)
Oct 2018 extreme and sharp drops until Dec 2018 - Super-Cycle (IV) (green)
Super-Cycle (V) (green)
Pattern - Reversal Motive Wave
Sequence - 5-Wave Sequence within an Ending Diagonal
Current Position
Cycle Wave I (black)
Next expected swing
Bearish sequence in Cycle Wave II (black)
Market Crash Forecast
Support granted at or around the 25000.00 mark and then a huge rally towards the 28500.00 levels, where Grand Super-Cycle V (blue) is expected to complete.
Super-Cycle Waves (A)(B)(C) (red) would reflect the next Larger Degree Recession.
Structure change
Breach of the 25000.00 levels could lead towards a prolonged corrective structure and a Market Crash already starting.
DJI - GET READY!What's moving this market north? Like the Fanny Mae fiasco back around 2008, the 'implicit guarantee' is at play. Go read up what that is about. In essence this is about an idea that the FED will bail out big corporations. The top industry analysts can find nothing of real substance in the fundamentals to move the DJI (and S&P) north.
I explore the 4H and 1D time frames for opportunities to short. Make no mistake, nothing I do or say is a prediction. All my analyses are probabilities based. I look carefully at price action and I am not tied by what indicators are telling me.
Disclaimer : This is not a recommendation to trade securities. For every estimate of probability north, there is a residual probability for the south (and vice versa). If you lose your money sue yourself.
APPLE TO ANNOUNCE NEW iPHONE 11 Hi friends, so today i just wanted to give a quick technical analysis of the Apple stock as they announcement the new iPhone 11 on 9/11/2019. to begin with, we see that the stock created its support at 142.23 in the beginning of January 2019, then made its high of 215.47 in May 2019. The stock then retraced to 0.618(61.8%) also know as the golden ratio in June 2019, At this point it began what we assume is the wave 3, which i normally the longest wave. currently the stock broke its previous high of wave 1 and made a retracement of 38% at (ii). we expect the stock to continue its uptrend. Our first take profit is at resistance level 223.67 and TP2 is 256.42, stop loss is at (ii) 192.00 respectively.
Please comment and share your thoughts.
I am a Certified Financial Market Analyst.
Thank you!
GBP/AUD: Potential +240 pips - Long waiting for a retestDear Traders all around the world!
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GBP/AUD is currently approaching EQ and has formed a bullish 12H OB on it's way up.
Therefore I'm anticipating a Long position at a bullish OB + 200-MA retest while aiming for our bearish OB.
USD/JPY: Looks like it wants to break out! - Long with 11.4R/RDear Traders all around the world!
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USD/JPY is looking bullish here as LTF is getting above OB and we got a nice set of Higher-Lows.
Therefore I'm anticipating a Long position with 11.4R/R.
WKHS Continues Higher But Can It Keep Going?With such a big run this year, can WKHS continue higher after those earnings results?
"Little known electric delivery vehicle maker Workhorse Group Inc (WKHS Stock Report) had found itself in the limelight earlier this year. We reported on this case after it became the leading contender to take over General Motors’ production facility at Lordstown. After the news came to light, thanks to United States President Donald Trump, WKHS stock soared for months as investors believed that the company could be on to something big."
Quote Source PennyStocks.com
USDJPY Ascending Trend Line BreakoutIn the hourly time frame we see price pushed up to an important level of resistance and then reject below breaking out of its respected uptrend. The Market is showing us that price can begin consolidating at the key swap level price is at right now and this breakout could be an exhaustion for the bulls before they come back in with another impulsive push up breaking our resistance or this can be a breakout, pull back and price pushes down to our key support level.