Ouch, ouch - Traditional Markets are bleeding Tuesday. Dow Jones, Nasdaq, SPX and Russell down 3-5 %! Worst day in a month.
FAANG Stocks (Facebook, Apple, Amazon, Netflix and Google) dizzy too. FB the least, but maybe not a surprise after Marc Zuckerberg's hearings in the senate in July, which has made FB Stocks fall like a knife.
So we have seen the market reacted positively on the 3rd quarter - US Grew 3.5 % - GDP reports mostly a look in the rear mirror instead of the road ahead. The economy exploded in the spring and summer, propelled by tax cuts, strong consumer spending and rapid business investment.
But, but, but... All that sounds good right? Nah, it might sound counter intuitive...
Normally, I keep my trading and analyses to crypto, but this Dow Jones setup looks too good to ignore. Factoring in all of the bearish signs from fundamental analysis (rising interest rates, rising unemployment, slumping retail sales, and gov't shutdown), it's tough to argue that the stock market will break the previous high.
Triple top formation is possible. I'm...
The S&P 500 Index has been a bit hard to read for beginners as the charts are giving bearish signals yet it continued to move up and break above certain strong resistance levels. As for The Dow Jones Industrial Average Index (DJI), this one is telling us a different story, this chart is much easier to read.
When you look at the chart, you can clearly see lower...
Position trading would suit you better if you enjoy an analytical approach, like to uncover hidden gems, can sit tight through daily and weekly price swings, and don’t want to be glued to the computer all day to trade frequently, with the slightest change of direction. Swing trading is more technical, and swing traders frequently trade in and out of the same...
I called the top on my previous YETI post on a 2.0 extension. Currently watching this count to initiate a wave 3 down. Overlayed EW theory and lines up nice with the IPO share unlocking. Look for one more roll upwards to finish sub-wave 5 of wave 2.
Potential for 50% drop on wave 3 alone. Purchasing mid/late May puts otm sometime next week if the wave 5 of 2...
I see the opportunity to sell DJI
it is even better head and shoulder than the spx
seems like this is the starting of market crash let see how far it goes
if you agree on my idea
please help to like and follow
Long 26120 Executed, SL 26090, target: 26270, watch 26220 retreat to move SL to BE or maybe book some profits.
Next: Short 26270 with 2630x SL target the wave fibo levels of it gets there and price actions show rejections around 26270-26300 zone.
Trade at your own risk! Don’t trade money you cannot afford to lose. Trade safely.
today the stock market open in the down gap
so I think that I recommend to sell all stock
and let see together whether
it will be market crash this time ? or will make another new high again
Hope you like my analysis
Please help to like and follow
DJI - TA ANALYSIS - 'A perfect storm'
US NATIONAL DEBT - $22 TRILLION
GLOBAL DEBT - $244 TRILLION
"World economy at risk of another financial crash," says IMF
IMF warns storm clouds are gathering for next financial crisis
Two recession warning signs are here - CNN
The next financial crisis: Why it is looking like history may repeat itself - CNBC