NASDAQ - NQ1! - Arcane Gann Wisdom The Full Map
I share these Gann setup's quite often but people don't really seem to understand or have to knowledge what these geometry structures mean. Basically the Gann Square creates angles that reveal where value and time grow according to certain ratio's. The 45 degree Gann Angle is the most famous where value and time make a perfect 1:1 ratio, above this line value is dominant in momentum and below time is dominant. NASDAQ is currently hitting the 3/4 time target of the Gann Square and we see it's also hitting a resistance angle projected from ATH to the 50% price at 100% time values.
Try to study it, experiment, gann square can be really powerful!
Try to study it, experiment, gann square can be really powerful!
Comment:
Here's a private chart with additional future gann squares that should support price accordingly. www.tradingview.com/...tional-Gann-Squares/
Comment:
Global economic growth is being hit more significantly than many anticipate and calls for an impending U.S. recession now look increasingly credible, which is bad news for risk assets, according to Europe’s top-ranked strategy team at Societe Generale SA.
The Fed’s dovish pivot should cast doubts on how the last leg of this cycle will unfold, with investors likely to see profit warnings, defaults and increased volatility over the next 12 months, they wrote in a report Thursday. That may be favorable for Treasuries but necessitates an underweight stance on equities, credit and the dollar, they concluded.
“The damage to economic momentum and earnings seems real,” said Alain Bokobza, head of global asset allocation at the bank in Paris. “This time, easy monetary policy may lack the strength to turn the tide and avoid a recession.”
www.bloomberg.com/ne...ranked-strategy-team
The Fed’s dovish pivot should cast doubts on how the last leg of this cycle will unfold, with investors likely to see profit warnings, defaults and increased volatility over the next 12 months, they wrote in a report Thursday. That may be favorable for Treasuries but necessitates an underweight stance on equities, credit and the dollar, they concluded.
“The damage to economic momentum and earnings seems real,” said Alain Bokobza, head of global asset allocation at the bank in Paris. “This time, easy monetary policy may lack the strength to turn the tide and avoid a recession.”
www.bloomberg.com/ne...ranked-strategy-team
Comment:
Berkshire trimmed its stake in Apple to 250 million shares, or about 5.7% of the company, from 253 million at the end of September.