Please see attached similarities between RSI and market movements in early 2013 IPO of Facebook FB, and early market movements of DRIP. I see long term weakness in S&P500, till mid 2019 at least. Oil is going lower too.
I can see $30 DRIP by mid-January, and $68 DRIP by March to June. But this could go back to IPO too, but that will take much longer, (5-10 years).
Could be wrong, invest at your own risk. I'm just some guy on the internet.
Trade active
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Trade still active. Aproaching $16 resistance, possible minor correction here, next target ~$19.
Trade active
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We are approaching my TP of 19, broke through $16 with a little resistance as expected. I expect the graph to meet great resistance at 19-22 range.
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Consolidating for next rise to ~$33 Fibonacci level. We could hit this in the next two weeks, no later than February 1st.
Crude is going to plummet. No one is showing the huge recession underway in China, Korea, India, Indonesia, the Middle East, etc. Just travelled through them. China is NOT looking as dynamic as even a year ago. A LOT quiter. No one is buying anything, everyone is saving what they can...
In Germany the economy is tanking. That's a one way ride for the rest of Europe...
A huge glut of crude is accumulating. All the Saudi's and Opec are doing with their production cuts is going down to the level of the market - and no where near enough... The media is ignoring all this, which is evident on my business travels, to hold things up artificially, in my opinion...
Crude is going to plummet. No one is showing the huge recession underway in China, Korea, India, Indonesia, the Middle East, etc. Just travelled through them. China is NOT looking as dynamic as even a year ago. A LOT quiter. No one is buying anything, everyone is saving what they can...
In Germany the economy is tanking. That's a one way ride for the rest of Europe...
A huge glut of crude is accumulating. All the Saudi's and Opec are doing with their production cuts is going down to the level of the market - and no where near enough... The media is ignoring all this, which is evident on my business travels, to hold things up artificially, in my opinion...