quantumaffected

quantumaffected Jul 21, 2020

Not much to say here except, the Fed and the PPT have done a masterful job at what they do best..."extend and pretend". Cycles analysts indicate that a crash window is in August. EW analysts also see the overall picture remaining bearish. Reality seems to underscore that as well. This chart may fit the August crash projection.

quantumaffected May 19, 2020

The Fed continues to fight against the forces of nature. Chairman Powell has been saying the system is under tremendous financial stress, while later saying there is "a lot more they can do". In reality, this is just more of the same manipulation, and the classic "extend and pretend" maneuverings that only buy a little more time. The problem of course is that...

quantumaffected May 13, 2020

Fed Chairman recant on Dovish hints seem to correspond with the anticipated break DOWN of the S&P and the break OUT of FAZ. While the move out of multiple symmetrical triangles does confirm the upward trend for FAZ, it would have been ideal to have a solid close in within the upward channel, and was just a few points below it. To be more certain we will need...

quantumaffected May 8, 2020

I can't help but understand this delayed continuation of the drop in financial markets from the perspective of unprecedented Federal stimulus. It seems overnight, the futures markets are getting gunned up by the Federally funded algorithms. This creates huge gaps artificially pushing the markets up in one of the longest bearish ascending wedges we have seen. ...

quantumaffected May 5, 2020

We hit a new low since my last post, but we are back up over the previous 52 week low. I am still suspicious of that new low invalidating the trend structure indicated by the bull flag pole in March 2020. I blame it on the fact that this ETF is leveraged and also because it is a basket of currencies so it will express a "distorted" and "exaggerated" price...

quantumaffected Apr 28, 2020

I have revised my last view after looking more closely at historical levels. One that is still clear, is that FAZ is respecting both the 52 week low as well as the the all time low. For 12 years FAZ has not breached $23.01, even though it has recently fallen to 24.16 in Feb. 2020. The bears are holding the line! This squeeze is going on longer than some of us...

quantumaffected Apr 23, 2020

Novice technician here, but this is what I am seeing. It seems pretty clear the market structure has changed toward the upside with the crack cocaine of ETF's, FAZ ,in a clear break out. After FAZ's break out in May, it has followed through in an overly extended correction, and has been going sideways for the last few weeks forming a symmetric triangle. Within...