shaca

shaca

italian economy it's in a bubble, inflation bubble, prices of everything are unreal, italy it's the new japan. my elliot wave count says a final target at about 15300, then a dead cat rally may begin for a few weeks before to see a new low at about 14000

shaca

simply portugal index has allready fallen 50% from of its whole rally of the last 2 years, ftse mib lost notthing yet, and it's still the best market YTD. italian yields are going to rise up to 3,8% (check weekly macd is bearish now) and macd on eur/jpy monthly is going to turn bearish in august, so i would expect a big fall for the coming months

shaca

10 Year T-note is going to fall, macd has been rising now for a year to 0 and the price didnt go up. this seems to be a classic bearish setup, so i guess interest rates will rise sooner than the market expect, bonds are realizing that, then the rest of the market will

shaca

there is no doubt macd is going to cross and histograms will become negative EMA 50 it's the big support. peripheric european stock markets did their low exactly at the same time as eur/jpy, lets see if this is a big turning point

shaca

weekly shooting star first target 5250

shaca

i guess EMA50 won't hold because the last rebound has been way too small. forex, bonds situation has been deteriorating for many many days, now it's time for stocks to start this correction

shaca

daily outside reversal probably weekly shooting star weekly macd is bearish and needs to go to zero november-may=distribution

shaca

weekly macd is about to turn bearish, reversal like bars in the monthly charts of the index and banks target 17750

shaca

daily head and shoulder with neck at 3410/3400 macd should go down to 0 following this H&S else laterality till this autumn

shaca

negative/bad structure of macd

shaca

target just above 8000

shaca

yesterday nyse tick close -627. indexes NEVER end higher the day after the tick closes so low easy -20 points from here today

shaca

epic weekly divergence

shaca

short term is short long term is neutral-positive italy will find out that it's the only european country in the same situation as was japan 30 years ago, it's the only one who will face a decade of deflation

shaca

1-2-3 ross hook pattern strong sell from here, as one every world wide stock market

shaca

breakdown?

shaca

most italian banks have a P/E at about 45-50, they are in a bubble

shaca

unknown if this is the head of an H&S or it will go down without the right shoulder