This market is manipulated to the point of being ludicrous. When individual stocks are still being bought at P/Es well over 20 and RSIs approaching 80, it is no longer a market in which participants can believe. Let's see... Ongoing pandemic that is crippling both supply and demand globally? ✅ Nearly 50 million unemployed over the past 10 weeks? ✅ The worst,...
So, DJI basically is in a short-term bullish period for me now, but with low - medium momentum. A couple days ago, after resting for almost 1 month, DJI finally broke out 24736 and now make a move to level 26650. I still have confident the upward movement still continue, but perhaps there will be pullback to 24735 first next week. We will analyze market further...
Pattern: Bullish Megaphone on 4H. Signal: Bearish as the price was rejected on the Megaphone's Higher High trend-line and broke through the (dashed) inner Higher High line. Target: 24250 (roughly a -6% decline like the previous Higher High rejections, as well as contact with the 4H MA200). ** Please support this idea with your likes and comments, it is the...
A timely update to the US Equities chart after a month of consolidation/chop. The energy building up here is immense, before you tackle what follows, you should quickly check that you are well versed in the notions concerning the retrace leg, the ABC sequence and passed crashes. If not you should refresh your ideas on these, because both of the following legs are...
Thanks for viewing. This is just from a technical view - earnings may surprise to the upside - and everyone may decide to value the market exactly the same a Jan - Feb 2020 - who knows. My view is bearish because of: Technical: - For those that value Elliot Wave; I cannot see wave (4) and (5) as already having formed - but instead see us nearing the end of wave...
In a 60 minutes interview (I think) the FED chair said the stock market could go down. I don't want to rewatch the whole thing, and I can't find the quotes on the internet because you know that's not something important at all. It's in there. He said "yes, you can lose your money" and more. Not saying his word is to be trusted but he hasn't planned to "save" the...
A little something to put in your toolbag... The fade this morning falls in line with the Taylor Technique for swimg trade fades of previous days highs/lows when the previous day opens in its lower/higher 10% and closes in its higher/lower 90%. When this occurs the retest of the previous day hi/lo is likely and IF they fail to hold a fade is likely. Raschke &...
Should we be filling up our pockets with long calls and riding the Funny Munny train? The SPX is bouncing right along on the Vegas waves towards likely levels of $3k-$3.2k in the next few days. Interesting twist is that Memorial Day is coming up and US markets will be closed Monday. If buyers evaporate at higher PE ratios than at all time highs, while we are...
COMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE. 1.In point no.2 I shared that market is trading in no trade zone can not decide any side position. You can see it spend all day in small range not giving chance to earn both sides. That is why I said no trading area. 2. Now I have been saying since last Friday that short is my biased for market but market is not...
So Everyone is bearish and for good reason; Unemployment and fundamentals loom over this market but everyone forgets the Bond market and the FED who are pushed by the republicans and Donald Trump, above anyone else, to push the stock market higher. They are pushing the bond guys to buy this market and are printing all the cash necessary to keep it going (stimulus...
Prica action riding ascending channel into previous tops. Possible test of and fade of any of these 3 highs (yellow lines)
COMPARING MY SATEMENTS FOR LAST TWO POSTS WITH THE ACTUAL MOVE IN DJI 1. In yesterday post point no 2. I clearly mentioned that if dow opens gap down . As it opened slightly gap down, one should wait for price breching red dotted zone to short . In monday post I clearly mentioned that swing high Z is the stop loss for shorts positional trade. That high is...
This idea is based on the previous original idea of a -90% market drop in the year 2020 DAX30: Weekly - Long-term chart targeting 1566 till year 2020 The market will reset this year and drop -90%