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Austrian Economy SHOCK (ATX) - Recession / depression

INDEX:ATX   AUSTRIAN TRADED INDEX
Austrian stock market crashed extremely hard in very short time.
All major indices crashed during last few weeks, but the ATX looks worse than then DAX , DJI and S&P500 . It is a flash crash with extremely high bearish momentum, which broke through all major moving averages (50, 100 and even 200 monthly MA)! On the weekly time-frame a triple MA death cross is nearing and is only a few weeks away. We have weekly and monthly bearish engulfing candles. The first Coopock Curve sell signal triggered on Dec. 3th 2018 (COPP curve crossed below ZERO line) and since then the ATX generated lower highs.
Between 2018 - 2020 the 50 monthly MA hold support, but due to weakening economic growth, increasing toxic depth, more and more leverage and derivates the market got very fragile. Ever increasing government spending, more and more bureaucracy, increasing taxes and negative EU sanctions for big Austrian businesses forced investors to leave the market. This already fragile market only needed a black swan event to trigger the END GAME. There is not only one black swan, the Coronavirus which is causing worldwide supply chain disruptions (= supply shock)! There is another black swan, which will have severe impact on the world economy which is the oil conflict between Russia, Saudi and USA!

Currently the ATX is testing its long-term support trend-line (red) which will get broken soon due to a bearish crossover on the wave trend oscillator on the monthly TF. But maybe ECB can pump the markets up artificially!? If this support line breaks, it looks very bad for the ATX .

Now the ECB will print more and more fake money and may even consider a negative interest rate with the Coronavirus as official main reason.
In approximately 18 months most fiat currencies will weaken drastically because new printed fake money will trickle down into the real economy and dilute purchasing power even more, which is like a hidden tax for savers.

I recommend withdrawing your funds from your bank and convert it into real money like gold , silver and Bitcoin before this Ponzi system breaks down completely.



I´m not a financial adviser. For educational purpose only!
Comment: Long-term support trend line has been broken. ATX is currently trading at €1991!
Momentum indicators show that there is still high bearish momentum which will dump the ATX even lower. Austrian´s economy is on the verge of a depression!
Comment: € 1749 support level reached and broken!

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