I have noticed many times pricing will run back up to a "double peak" in the 34 period or 340 period. In this case CP has popped back up to the 340 SMA double peak from previous levels... I'm sure a fib guy can step in here and explain the retrace in 3....2....1....
brschultz aka markettimer777
As some of you know i bought nat gas UNG at end of Day Jan 23rd based on my own hourly models.
My models suggest a peak in natural gas or optimal sell date on Feb 28 2019
brschultz aka "markettimer777"
My 2nd presentation on youtube (on Dec 11) when i shorted TSLA at about $360 - the momentum model suggests optimal buy point for TSLA will be March 2020. Thus they have the highest opportunity to go bankrupt into March 2020. If they survive this next 12-15 months then it will be time to buy... momentum trends to 2020... a long time away.
Robinhood'd this one with a buy at $0.65 a couple weeks ago based on my long term daily momentum model - if correct this one might run up to peak in Dec 2020.
The current markets are seeing this death cross - here are examples in 1970's where this happened.
I expect markets to decline into late Q1 2020
brschultz - youtube
Weekly model shown on youtube for my brschultz momentum trend model
After this week's death cross ( 34 week SMA crossing under 340 week Double Hull ) - Sept 2000, May 2008, Nov 2015, Jan 2019 - Markets should now descend to bottom in March 2020 thru June 2020.
The brschultz momentum trend for daily NASDAQ does best job showing strong momentum trend to optimal...
The 34 Week SMA is breaking below 340 Week Double Hull, this happened in September 2000, May 2008, and late November 2015... we are in the danger zone!
So i bought NVCN 3 weeks ago based on my momentum model - posted it to youtube brschultz NVCN - and why i bought it. My model suggested a long term momentum trend was bottoming for NVCN - is see it possibly peaking in December 2020.
