Double bottom at $84 on TLT high volume. Inflation is easing and the probabilities are stacked in favor of more disinflation. The mainstream narrative is no landing/soft landing whereas all the economic data points towards recession. Taking a $10k position filled at $84.28. Stop trailing $2 will add to the trade if it ever gets above $90 and holds on volume on the retest.
In my opinion, the global economy is heading into dark times. I have revised my initial position of shorting equities to a much smaller position and instead will be going long government credit via TLT. What's nice about this speculation is it pays you to own it vs the other option of shorting equities.
The banking crisis has shown the cracks in the global...
The fundamentals of the US economy continue to deteriorate. Due to liquidity injections and seasonality, this could present an opportunity to short the market at great prices as I expect the market will head higher into the summer. Typically March/April & September/October are liquidity bottlenecks. Considering the Fed is continuing to tighten despite the red...
Good risk to reward. Double bottom with a lower low. Strong uptrend. Good risk to reward. The macro-environment still continues to favor the dollar despite short-term pullback.
With the macro environment and I have been trading the Nasdaq for over 6 years on the daily chart. The Nasdaq was trading in a range from the June low. The uptrend is marked on the chart. It then broke the uptrend and tested and rejected that uptrend twice. I am short using x3 leverage ETF QQQS on the LSE. This market is extremely volatile. My stop is around the...
Looking for consolidation on a daily and a rejection of going higher before entering a position here. $760 is going to be a key resistance in my opinion.
I'm thinking this looks quite probable with the way the Nasdaq is going down and the macro environment for tech. I'm thinking this is the most likely scenario more or less. I'll be looking for rejection after the close of a daily candle above the second line down. Chance to get long for a rally to the resistance. Depending on the weakness it may fail to even meet...
Could this be the catalyst to break all the long-term supports? Tesla has been struggling in a downtrend. I've bought 2STS leveraged short on Tesla. This is 50/50 and a gamble.
A similar pattern emerges on the Nasdaq. The same pattern as in 2000. The same as the pattern with similar time frames. It would suggest the substantial sell-off would happen when we hit that next level of support.
After the rate hike, I'm thinking people will be buying bonds due to the uncertainty so we will see a retracement to the support followed by a further sell-off in bonds and yields will continue upwards.
This is a head and shoulders pattern and double top with a higher high. Trade has around 52% probability of success with a higher than 1:1 risk to reward
