At the moment we can see a similar shape double top as the one i showed back in Sept. Eventually it was the ATH so it was a bit lucky on that part. So doesn't mean the same will happen again now, but who knows.
So doesn't mean we crash hard, but we can always keep a part. Stop above the high, would do half now and half at break neckline. Above neckline very it's...
Ladies And Gentlemen
The oracle D4rkEnergY will guide you. Don't worry. Before you jump into US Stocks cause you've been told we will make new highs, take a step back and breathe.
I called the bear market last time. But I was wrong, when I thought we would stay in bear market territory. It was based on historical data, which show us that only 20 % of the times...
I've been covering the S&P pretty heavily since Oct' was getting short in Sept after the first bearish weekly close we had seen leading in to this (twitter.com)
I think we're getting to the point that things are so bearish, that the establishments are going to do whatever it takes to save this thing, which is only going...
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.
The Dow finished the week down 0.1%. The DJI traded back down into resistance-turned-support in the 26,100-250 zone. Those held up well, and the index closed above the congestion zone on Friday, buoyed by Disney’s largest single-day advance in a decade.
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.
Short term Elliott Wave view on Dow Jones Future (YM_F) suggests that rally from March 9, 2019 low is unfolding as a 5 waves impulse Elliott Wave structure. In the chart above, we can see wave (2) ended at 25448. Now wave (3) ended at around 26507.
Up from 25448, wave 1 ended at 25823, wave 2 ended at 25744, wave 3 ended at 26289, and wave 4 ended at 26126 and...
Here we can see the market retesting support after failing to complete the 5th wave targets in the sequence. To put it simply, since Mueller has been cleared we have the fuel but anything beyond to the topside seems very difficult.
I expect bulls to come in over the next few sessions and clean the 5 wave sequence. A break of 2800 to the downside would allow for...
U.S Dow Jones Index Chart
Crucial resistant to take note 26,265. A break out will bring the U.S Market to retest its previous historical high?
Downside risk kept at 25,000 as a note for all to take note shall this support of EMA200days is violated = more crash and doom to come.
U.S Dow Jones Index Golden Crossover formed since February 2019. A Bull market...
Short strangle on SPY with a short delta bias. The call is at 288 and put at 259. It is offering about 300$ in premium. My leverage on this is about 0.5x (account balance / underlying notional value). This is a somewhat directional play as well as a short premium play.
The question on everyone's mind is that: "Are stocks overvalued right now or not?", "Is a major crash coming or we've seen the bottom and we're going for new all time highs?".
This is a hard question to ask. I try to approach this matter using the Great Depression as my basis point. Using the Pitchfork tool on the Great Depression, four very distinct ranges are...