Just remarkable and noteworthy to look at.. The DJ industrial index just arrived at a critical zone of potential resistance on a ulta long term timeframe. This is the line between betwwen the 1929 top and the 2000 top . Indeed: The two school examples of big stock market crashes.
I was wondering where the rally of the DJ industrial index came form. Just had a...
RUT has been consolidating between $2123.55 and $2348.03, for this year 2021.
-RUT price breaks up above resistances to new all-time-highs.
-Resistance levels: $2348.03, $2392.66.
-RUT price pulls back down to test supports below (horizontal and trendline supports).
-Support levels: $2240, $2123.55, $2060.54.
Note: On the...
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Ethereum trades above all the moving averages on the 4h chart. We crossed bullish in the MACD while the levels of the MACD are still quite low, so there is a lot of room to the upside.
I would say, long.
People talking about volatile markets, very true, but with everything on an upward trend recently ETH is waiting to pop. If it follows the trend $2k imminent. If we have some serious bull action following people shorting BTC and alts we could see this fly
Gold loves the 78.6, lets see $2000 again and cause some FOMO.
The fib now shows the last high at the start of Nov to be at the 61.8, the daily shows this clearer,
Ideally this high would be wiped out before we see a move lower.
Fundamentals may play a key role with this pair with election results being clarified this month (aka Trump W)
Bullish until if this...
Let's start with the broader picture first
I understand the market looks horrific at press time, but the first thing that you must know about markets is this, nothing every goes in one direction forever, no matter how bad it seems.
For context here are the three major US stock crashes.
2008 Crash ...
This is a a very interesting chart today, on the left we have the SPX as of present time (monthly), in the middle we have the SPX/ GOLD ratio (monthly) and on the right we have the SPX chart during the period of the tech wreck (monthly) from 1996-2001.
SPX: Then and Now
Firstly i want to draw your attention to the previously stated rising support and...