Recession In the UK we came to the end of the financial year and at this point the end to the first quarter for the global economy. Governments around the world will now declare that GDP our economic production has decreased, and unemployment has increased. We’ve seen all major central banks update fiscal and monetary policy, the Fed has announced a 6.2 trillion...
The price has gone way above the channel. I'm not exactly sure what this means. Do I re-draw it? Or is this going to come down hard? The way the market is now, it looks like it's going to slide way down to around $220.00 Please let me know your thoughts.
westpac bank has been completely gutted buy the covid19 mania.... literally feels like 2002 out here ........... gonna catch a long on this soon but no indication of reversal yet
Last night ~1 am the Senate passed the ]Coronavirus Aid, Relief, and Economic Security Act or the CARES Act and this boosed overnight tading to my $2,490 retrace target. Since then it is down ~1.1% and with as swath of bad news coming (US unemployment claims data, consumer confidence, and ISM PMI's) and increased lockdowns across the nation I beleive that S&P...
I expect the dji to see a surge due to the CARES act (stimulus bill) passing the senate and going up for vote in the house. Speculators will buy in hopes it will pass all the way through and once it does, there will be a hype in the news and the stock market. It will be short lived though as the stimulus bill is merely keeping companies afloat rather than...
In about an hour 7:30 CST we are going to see something we have never seen before.... With the COVID-19 starting to take significant hold of the U.S. economy I believe this week we will see a massive rise in unemployment insurance claims that will translate to massive unemployment. My current estimates are anywhere from four to eight million if you use Canada...
Many countries are releasing stimulus right now increasing Singapore. I think it will help boost the economy slightly. However, based on Fib retracement, a good entry level for S&P500 ($1705-$2350). A Fibonacci retracement is a term used in technical analysis that refers to areas of support or resistance. Fibonacci retracement levels use horizontal lines to...
Please click like and follow me if enjoy my posts! :) Due to the whole market meltdown, NIO has retraced back to Fib 0.786 lvl early this week. However, it has since then rebounded strongly and is currently fighting the resistance lvl. Barring the continuing worsened market condition, I believe NIO's distribution cycle is nearly over. The current bargain...
US cases climbed by 13,000 to 68,000 cases (stats from worldometer site) already and it seems like the rally 2 days ago just took a small turn downwards. I still think it will continue heading downwards till either vaccine is released or when the numbers are better controlled. Because looking at the growth rate, it doesn't look like its slowing down and many...
Please note I am using the TradingView Confirmed TOTAL COVID data line and then projecting how I think COVID will progress using the Spanish Flu as precedence - I am also assuming there will be no vaccine at least till next summer: I have tried to keep this analysis/projection simple using two estimates: 1) Looking at how the Spanish flu happened in 3 waves and...
Important to consider previous depression to see how this one will play out. Note that stocks go down rapidly, then try to go back up for a bit before crashing down again. Over and over again. DJI lost 89% during this period.
Comparing COVID-19 CONFIRMED, DEATHS, RECOVERED Ratios per Country and time of infection, and recovery rates vs time exposed, known preventive actions to maybe find other factors that might explain some of the more rapid recovery rates or how to prevent a high death count.. Iran (IR) has a VERY high RECOVERY ratio. Confirmations similar to others. While death...
Number of death continue increasing , this is very serious case. Plaese follow these steps to avoid effect. ThankYou
Just a small chart I made for fun. After this big pop from the stimulus package, I think AAPL will lose some steam and retest support levels around $230. If S2 does not hold, a sharp drop to $200 could be possible. GLTA :)
Hi, traders. My name is Lukas and I am a beginner in trading, respectively, I only trade 6 months. But that means I have to do the necessary analyzes without it I can't trade. I want to show you how I work on myself and document my beginnings. I use Vix and my strategy is built on to return to average. I highlight the important support levels and...
The price i think will fall to 1608 - 1605 so it can pullback to values before the corona vírus outbreak, for it will create a resistance line and fall a little to gain strengh to higher levels like 1700 and above.