Recently Cameco touched 50MA. Cameco has to close and remain above its 50 day moving average (blue line) to consider trend change. Cameco could go to $21 (0.23 fib line) in 9 months and $29 (0.38 fib line) in months 10-12 WHEN cycle ends, which could be Q2-3 2019 or right now Q4 2018. DXY and Libor not done rising yet until Federal Reserse stops raising rates in...
Amazon, Apple, Google and Microsoft largest outflow since 2016 was September 21st. September 21st was perfect time to go short.
Reposting this idea with CADUSD as the ticker. Canada is basically an EM like Brazil, except without the trade from the USA. Both Canada and Brazil services sector are 70% of GDP (70% vs 73%). Both depend on oil and resources for revenue.
Canada is basically an EM like Brazil, except without the trade from the USA.
Looking at the descending trendline, each time NVDA reaches it there is a decline afterwards. Note the CEO sold at $242 and $248 on March 8th and 21st.
Update: SPX short to 2450 then long to 2840?
WEED still way out of sync with cannabis sector, as we can see compared to HMMJ. WEED would have to be $21 to catch up to HMMJ
Chart showing trendlines and lows of 1996, 1997, 1998 vs 2016, 2017, 2018.
Canopy Growth rising while Aurora and Aphria are falling. This is not a good sign for WEED.
Was curious what an index of currency pairs the same as the DXY would look like as CAD. United States (USD) Euro (EUR) Japanese yen (JPY) Pound sterling (GBP) Swedish krona (SEK) Swiss franc (CHF)
Hi everyone, Continuing BTCUSD update. Trading volume is still ridiculously low for this market cap and is a bearish sign, as it means less people are interested. Less chance of rallies as traders patience fatigues. The purple vertical line is February 5th stock market sell off, which shows that crypto also went down at the same time at the same moment. ...
Added long term trendlines for SPX and Elliot Wave for fun.
SPX bounce on 2734-2738 until March 21st? Looks like if 2734 is retested and holds then SPX will make another run 2800 until March 21st. Ironically we had this same 40-60 point bounce last Friday March 9th.
Rising interest rates could put pressure on gold and silver if they persist.
BTCUSD bear flag formed, could break down either Friday 16th or Monday 19th. See previous ideas.
BTCUSD is below 200 moving average and exponential moving average It broke below $8000 and briefly touched $7900. March 21st is the US Federal Reservse meeting to raise interest rates with 88%+ chance of 24 basis point increase, which will make US dollar rise. Libor rate is rising which could cause USD to break to the upside in 1-3 months, and push any...
BTCUSD update from previous post, as the trend has changed. As we can see the right shoulder did not begin to form. BTCUSD could continue to fall to 8300 where there is the most support. If 8300 does not hold then it will retrace to 2018 lows of 6000 then bounce.