After the crash in March, volatility has settled down towards the bottom and is now reversing its trend. I think ~220 was the bottom, and we are set to continue higher for the coming months. Expecting a major move to the upside to happen soon as the market resumes its declines to retest the lows made a few weeks ago.
There are two scripts white and pink , the main difference between them is how to consider the final reverse of American market during Great Depression whether in 1932 or in 1941. Concerning fundamental factors , there are 2 main factors pointing to dramatic plunge of US economy. The first factor is obvious , COVID - 19. The second one is zero FED rate, so...
The maximium FRED:ICSA since 1967 has not been more than 1m weekly (not even during 2008 or 2001), now in 2020 the US is at 6m per week (see FRED data here: fred.stlouisfed.org).
Last week's gravestone Doji candle is potentially showing a breakdown of the TR commodities index. And as Chris Kimble pointed out in bit.ly/2RDMcgd - this could spell depression. A depression signals a low demand for commodities, except for precious metals.
$DIS short after breakdown confirmation. Another leg down = $60.
Silver has been in a major downtrend for quite some time now and gives me NASDAQ market cycle vibes. I think it's possible we bottom very soon and get ready for a swing upward. (history doesn't repeat but it often rhymes) Everyone is longterm bearish and that leaves me feeling quite contrarian. Stay profitable - Dalin Anderson
I've explained why I expected a market crash to occur over and over again during the last year. I'll link those posts at bottom. One of my reasons was the "Great Depression Fractal." This is why I've included the Great Depression chart on the left in this post. It's funny how I kept talking about another Great Depression, well before anyone was putting forth the...
The past is prologue in this daily bar chart of the Dow Jones Industrial Average circa 1929, just before the infamous "Black Thursday," October 24th, 1929, helped usher in the most damaging portion, the C wave, of the correction that was to become known as "The Great Depression." Much like today, the 1920's saw a rampant, unchecked rise in stock and land...
Just copy the with the Bars Pattern on Tradingview from the Great Depression and move with Log enabled to the 2020 Market Scare. Posted about this in Nov 23, 2019 twitter.com "The government continues to pump this market.I believe we are long overdue for a correction or worse if history repeats itself, another great deppresion. Bar Pattern Logorithmic 1919-1932...
In 2001, 2008 and now in 2020, the Unemployment rates started to increase considerably before economical crisis. I've put this quick chart together to keep an eye on this.
This is a monthly candlestick chart of the SP500 from the 2008-09 financial crisis to the all time highs of Q4 2019. As of this writing (April 1 2020 - start of Q2), the market has sold off, bounced, and now begins price exploration to the range lows. If I am right and price tests at least the range lows of our previous range, then we're in for an economic...
COVID19:CONFIRMED Dear friends, More and more people are starting to speak of a real economic crisis, but it’s not what we should be frightened of. What we should really fear is an economic depression. Economic cycles Every economist knows about the theory of economic cycles. I’ve tried to represent these cycles in a schematic way in the chart above. We...
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...
Technicals: - S&P500 broke a long term uptrend and now is seeing a rebound. a rebound was expected given the current level of volatility. I expect the price to get rejected at the long term uptrend line, but a throw-over is in the cards as it would be a perfect bull trap - support boxes are drawn out. these levels are likely contenders for a solid bottom since...
THIS MARKET WANTS TO INFLICT AS MUCH PAIN AS POSSIBLE! I EXPECT THE MOST CONVINCING BEAR MARKET RALLY IN MARKET HISTORY!
This chart is a weekly of the S&P 500 priced in ounces of gold. The light yellow line is an overlay of the gold price. This view on the market is interesting for a number of reasons: 1) This is the price pattern the S&P 500 would have if gold was still money like it was in the early 1930's. 2) Some people, including me, think the current market crash is most...
What a crazy time. The Fed is now offering 1 trillion dollar repos every day for 30 days, and we are seeing a rush into the US Dollar. Things I have been predicting. As the dollar gets stronger, the worse the wolds problems become due to the emerging market dollar denominated debt. And we may not have seen anything yet... These next two weeks will determine the...
Hello investors and traders, Warren Buffett famously said, "Be fearful when others are greedy and greedy when others are fearful." I have seen this quote everywhere on social media last few days/week. Retailer investors are being so GREEDY right now and buying stocks because it is cheap...This tells me we are nowhere near the bottom. Learning from bitcoin,...