Previously I looked at a potential "bullish" MACD cross on the Covid death numbers. Its been about five days since that cross has been established and I have added the Rate of Change to the death rates with an estimated path if the ROC continues as if it were a deep saucer formation. The deaths are going chart is going to be on the standard (non-log) scale for one main reason... I think the reported deaths will be going vertical again on this scale and it will resemble a tangent curve from trigonometry when viewed as such. The rate of Change is going to be on the log chart to provide detail.
The MACD histogram for SPX on the 1D is showing a lot of hidden bearish divergence since April. This is a very technically weak place for the broadest based index fund for the United States, which means that the whole damn world is in a sticky spot technically.
Below we have the charts for Florida, Texas and Arizona which where the new hot spots were being reported. All three of these states are starting to look like the next leg is upon us and the tangent curve will be coming shortly.
Below are the death charts for India, South Africa and Germany, which are some of the biggest dominoes that can fall in their regions. There are always issues with disparate reporting standards but all three show rate of change curves that are starting to either flatten out or turn up.
Please review some of the linked posts for more bearishness.
Are you seriously trying to do technical analysis on a number of deaths chart? A "bullish" MACD cross? This is all a joke right?
Pretty insensitive to be posting this kind of bs. If you had lost a loved one to Covid I highly doubt you would be posting this.
This_Guhy
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@Triple_Barrel_Capital, there is nothing virtuous about losing money. People have retirements they need in their old age, income they get from investing or trading. People are trying to make themselves a better life.
I see increasing deaths as something that could potentially wipe out people's ability to support themselves and post like this can help them be defensive and make decisions that improve their lives.
Should I stay silent so they are more likely to be impoverished? Keep this insight to myself or a select few for only our profit?
Triple_Barrel_Capital
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@This_Guhy, You miss the point. It's one thing to show the charts and say maybe number of deaths is swinging higher. It's another thing to throw a MACD indicator on there and try to say a crossover means anything. It's a lagging indicator anyways and pretty useless for predicting future PRICE movements.
And unless you're a doctor or an epidemiologist and you're plugged into what's going on in every hospital across the country your predictions on the COVID death rate should be ignored.
Good luck saving everyone's retirement.
This_Guhy
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@Triple_Barrel_Capital, I predicted the numbers would be going up at a increasing rate and now they are. I called for the death curve to ultimately look like the tangent curve in trig.
What happens to your world view if I am correct? Some dude with basic indicators doing data analysis and not a epidemiologists or doctor making this call and being correct?
Triple_Barrel_Capital
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@This_Guhy, Well you had a 50/50 chance, why would that impress me. Either its going up or its not. My world view is unaffected. Keep patting yourself on the back though.
UnknownUnicorn6370684
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@Triple_Barrel_Capital, dw man every time I see this dude at the top of tradingview I clown his ass. For some reason he always gets thumbs up for his doomer shit and he has what like 15 followers on twitter. I'm convinced it's propaganda.
Triple_Barrel_Capital
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@zkNARX, Yea let me throw "Covid Death Numbers" is my next post title. Maybe I'll get some more eye balls on my stuff. Guys a joke.
FerroIgnique
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@zkNARX, propaganda as in TradingView is signal-boosting doomer TA, or propaganda as in the poster is a glowie?
UnknownUnicorn6370684
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@FerroIgnique, his accounts is doomer stuff saying the US markets are going to fail. I dont know his agenda, but it's annoying because somehow he gets voted to the top of the board before market open every day. I'm just saying with all the political shit going on, only a commie would want US markets to fail. retrace? sure. fail? I'm suspect.
FerroIgnique
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@zkNARX, There are a lot of Youtubers that go on about the great reset, dollar milkshake, gold & Silver. But at the same time I'm trying to put out good TA that would get a, editors pick and nothing.
Pretty insensitive to be posting this kind of bs. If you had lost a loved one to Covid I highly doubt you would be posting this.