Looks to have formed +ve divergence on RSI. FED are NOT going to pause/pivot in coming weeks. Data still ok as a whole and until much softer yields have to go/stay higher for longer than people think.
Good R/R to go short SPX here in the 3950-4000 zone with stop above 4100 (3% risk) for potential 10% downside move in coming weeks.
Looks to have negatively divergent high on 4H chart ahead of CPI tomorrow. Can sell with today's highs as stop
TSLA went from $14 to $400 in the space of 30 months. If you don't think there is a high probability that this stonk goes back below $100 in the next 12 months or so I cannot help you.
This looks like a simple three legged counter trend (bear market) rally from the lows in TQQQ. Prefer to sell against last week's highs as a stop level ultimately looking for new lows over coming weeks.
Possibly another big move down coming for BTC if/when this bear flag breaks
AUD/JPY usually a pretty good TELL on risk off Looks to be ready to head lower
I think given the deteriorating macro environment there is a decent chance XLF breaks below 30 and heads to 26 in the coming 6-12 months.
Deja Vu. Remember this set-up? Looks like trouble ahead for stonks.
US 10y yields have pulled back from over 4.3% to below 3.6% in a matter of weeks on the back of FED HOPIUM. We may get a slowing in rate rises but not due for a pause yet and way too soon to price in cuts. I see yields rebounding from around 3.50s% back towards/above 4% in coming weeks/months.
TSLA is a p o s And I don't mean it's a position in my portfolio. I've made a lot of money shorting it in the last year but for those looking to "buy the dip" because it's "cheap"...... It was possibly the biggest bubble ever created by the #FEDcriminals over the last many years of ZIRP and infinite QE I'm not suggesting that it goes to zero but I would not be...
Call me old fashioned if you like (because I'm old and have been doing this a very long time), but the Dollar Index DXY is doing what we used to refer to as a "Bobby". "Bobby" as in Bobby Charlton (footballer, look him up) who was known for thunderbolt shots into the top right hand corner of the goal. Charts displaying vigorous price action into the top right...
Call me old fashioned if you like (because I'm old and have been doing this a very long time), but the Dollar Index DXY is doing what we used to refer to as a "Bobby". "Bobby" as in Bobby Charlton (footballer, look him up) who was known for thunderbolt shots into the top right hand corner of the goal. Charts displaying vigorous price action into the top right...
Call me old fashioned if you like (because I'm old and have been doing this a very long time), but the Dollar Index DXY is doing what we used to refer to as a "Bobby". "Bobby" as in Bobby Charlton (footballer, look him up) who was known for thunderbolt shots into the top right hand corner of the goal. Charts displaying vigorous price action into the top right...
If you are bearish this DAX chart will make you happy. Bigger picture headed lower in wave C potentially Assumes triangle wave B ended and breakdown since then forms waves i and ii of C Whereby ii has retraces 61% of i and also a=c within ii plus ii has retested underside of triangle breakdown
Nice shooting star candle at key resistance on the daily could be signs of a reversal
This is what I am considering for the move up in stonks the last number of weeks I'm not bullish at this point especially after NFP today FED is NOT Pivoting anytime soon Rates and the USD are going back up again and this is fundamentally not good for stonks Technically looks like a three leg counter trend bear market rally at this point and we have just seen...
Chart speaks for itself. 3 leg move up into resistance. Corrective price action. Next USD upleg in coming weeks.