After looking at the latest charts. We are going down. it would have to be an amazing event to turn this around. Or if something were to come in bad say inflation data …’it could go down harder. That’s my take we shall see. I don’t see much upside.
According to my TA the downtrend will continue on with no higher highs.... I see nothing that says that is changing anytime soon... Of course an event...like the Fed or something can change that. Note: I only use publicly available TA indicators in all my charts.
The is one of my bear market scenarios. I list dates and price levels. I based this on fib levels and other technicals. Note: All tools I use are publicly available in the indicator sector.
This little up trend doesn’t agree with the charts no matter how much they want another blow off top… they are trapped. Banks are dropping like flies. You can’t plug all the dams leaks. Anyway to much resistance above. Rolling over and going to new lows, imo.
Through publicly available tradingview scripts I used TA, pattern recognition, multiple timeframes and determined while seems strange I believe bitcoin is going to launch from here. I think stocks are going to crash from here. Usually bitcoin follows stocks but for some strange reason not this time according to my analysys. Hope I’m right because I been with...
Through many technical analysis I have determined that a crash is incoming and I believe it to be imminent. I only use public scrips and chart reading in my analysis. This all depends on spx dropping below 3920 before I commit to this statement.
S&P formed a head and shoulders while bulls are overextended. So stocks had some downward momentum and then I mentioned if any bad news say the fed was Hawkish... which he was...stocks would drop.... which they have... I think this can go much lower now... If it drops below 392 I think the bull case is over. Note: I had posted this yesterday before the drop today...
I have determined these area using Fibonacci and others technical. I believe wave 3 down in the bear market is beginning and could hit one of the targeted areas when all said and done. I used pitchforks to help indicate possible time frames. I used only public indicators to show the market is ready to go down more.
I expect VIX to go up from here.. could it have a big jump if stock market has big down move which my other ideas show I believe could be immanent.
Oil is going to be driven by the weekly higher soon if not now. The lower timeframes want oil to go down but the weekly maybe the driver. I think stocks are going down but oil will go up.
4hr chart shows gold is at top of buy cycle on 4hr chart and ready to head down. I also believe stocks are ready to head down so gold will follow stocks.
My oversold at bottom on 4hr chart says dollar ready to head higher. The weekly also says it’s ready for a big DXY bull run.