Powell had no choice to print during the pandemic, we cannot fault him for that. Ignoring the US Debt problem? Not rising the rates sooner? Not allowing weak banks to fail? Not allowing real estate to be crushed? What is the point of the Interest rate system if you're just going to always pick the light method out that causes a super bubble that will end in...
In recent years, many of us acknowledge that the term "recession" has been appearing in news and social media outlets at an increasing rate. While it acts as great clickbait, most sources tend to avoid to avoid a more fundamentals data driven approach, but rather are preferential an opinionated viewpoint from which their viewers can relate. Here I propose a more...
After the outside day formed by TVC:DJI , it pumped a bit and regained most of what was lost in that 500pt loss. 1Hr chart sows it trading back above the moving avgs (intraday). TVC:RUT is the only index that has traded ABOVE its recent highs. TVC:VIX is struggling to close above a small resistance area, 14. #stocks
The great depression VS today's market structure! - trying to find synergies between both timeline's The Stock Market Boom and Crash of 1926-1933: An Applied Time Series Investigation I found this interesting how it aligns with today's market...
What a turnaround for ALL the MAJOR averages! As we've been saying over and over again....... The END OF DAY IS WHAT MATTERS!!! *Indices formed an OUTSIDE DAY* Outside days can signify 2 things: CONTINUATION OR REVERSAL (of the current trend) Being that the day ended lower, LIGHT VOLUME though, we will take this as a WARNING!!!!!!! RSI fell pretty hard,...
Dow Jones (DJI) easily hit last week's (December 12) target (37000) at the top of the 2-month Channel Up (see chart below) with the price grinding ever since on its top: That was a short-term signal, today we shift our attention to the medium-term and the 1D time-frame where the 1D RSI is 'insanely' overbought near 87.50, a level it hasn't touched since...
AMEX:RSP vs AMEX:SPY Equal weight vs regular #SP500 We can see that equal weight has been performing better Russell 2000 TVC:RUT is no longer stuck in a rut :) It had a fake breakout in the daily charts in August but look at it now. That weekly is looking Nicely! We've stated a few times that we believed these 2 would be moving better than normal...
Dow Jones reached the top of the Channel Up that started in late October and turned sideways. The longer this pattern stays intact, the more every pull back is a buy opportunity. The MA50 (4h) is supporting since November 1st, showing the sheer strength of this bullish trend. Trading Plan: 1. Buy on the current market price. 2. Sell below the MA50...
Well, what do we got? From EW perspective considering either 1) Leading diagonal since the top and doing some crippled ABC up 2) ABC (3-3-5) down and now having first impulse completed with and expanded fat 32.3 or 35.6 will tell the story --- If you like my content, if it helps you gain profit, give it a like! Thanks! --- Hold my beer pls ---- No...
Dow Jones made new All Time High yesterday and today reached the 0.786 Fibonacci Channel level of the 14 month Channel Up pattern. Needless to say it is massively overbought on the 1D timeframe (RSI = 79.702, MACD = 696.100, ADX = 90.584). The sheer strenght of this rise since the October 27th bottom can only be compared to the first rise of the Channel in...
SPX is about to take off for a %double-digit rally till EoY
custodial paper vs bearer asset quantitative easing vs austrian economics DTCC vs #Blockchain Wall St vs Main st Corporations vs Fat protocol 20th century vs 21st century Interesting double bottom / W forming But it gives us a powerful clue for the coming year or two
FOMC DAY All Major Market Indices initially making progress higher and reacting positively to the the FOMC meeting. Whilst these are monthly charts I'm sharing the prices are updated as of moments ago. Main comments from Powell Today: 🔸TODAY AT FED MEETING MANY PEOPLE MENTIONED THEIR RATE FORECASTS 🔸THERE WAS A GENERAL EXPECTATION THAT RATE CUTS WILL BE A...
Hey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 36500 zone, US30 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 36500 support and resistance area. Trade safe, Joe.
Two months ago (October 11) we made a bold statement calling for "the start of a new Bull rally under our nose" on Dow Jones (DJI) (see chart below): Many traders/ investors/ market participants have been surprised by the current November - December rally but in reality they shouldn't as the index is methodically repeating the 2016 - 2017 Rising Wedge...
Dow Jones (DJI) maintains its bullish trade within the Channel Up pattern that started on the October 27 Low. The 4H MA50 (blue trend-line) has been supporting since November 01 and as long as it continues to do so, the index is more likely to test the 36975 All Time High (Jan 05 2022). Especially since it is currently on a 4H MACD Bullish Cross. The previous two...
In daily time frame price going retest the major support area . If price reject this zone and close above then buying favorable.