We are looking at the 1 day chart of the Dow Jones Industrial Average.
As we can see, a huge bearish flag is forming.
Furthermore, the scandal around Archegos is hurting big business banks. Nomura en Credit Suisse are fearing losses of billions.
Blocked oil tankers slow down production.
Chinese producers are raising prices / money is less...
Megaphone 5th touch could fail...getting high on daily RSI. Looks like we could drop back to form right shoulder on the monthly chart.
Breakout or Pullback? Comment below and let's get some TV sentiment, thanks.
Long-term look at SPX. Possible diamond top pattern down to the bottom of the channel. Keep in mind this is the monthly chart and everything takes time.
Strong bearish divergence on the MACD as well as the RSI.
Let the sentiment get super bullish (getting close) and then the rug shall be pulled out.
Hello and hope you all had a fantastic weekend? Getting ready for the new week?
DOW JONES, S&P 500 and NASDAQ 100 INDICIES
Lots of volatility last week, we had a lot of selling early last week and the selling day on Wednesday causing the rally on Thursday while on Friday we referred to as the end of the bearish move though no guarantees but we have reached our...
831 points down on 10/10/2018 what a bearish day but basically September – November months are volatile times of the year. From my previous update the idea for a bearish move was floated that the candlestick pattern last week especially with the long upper shadow and the evening star reversal afterward. We had buying pressure but it all gave out there was no...
Gold in a possible downtrend after recent uptrend. Price has rejected the 200sma for the second time in the bearish zone. I expect price to each 1240. We'll then watch how price reacts at this level, could potentially fall to 1220 and lower.