Completely broken. Friday the 13th tomorrow #BlackFriday
Opinion Only - See HIGH percentage alert triggered. .
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I'll be looking for a macro bottom in the pink box over the next 12-36 months where I will begin to take aggressive long positions in legacy markets again xD Good luck to all and I pray no one gets financially rekt
Wave A - Third Sub-Wave currently unfolding
Looking at the weekly picture of the DJIA, we see that only when the crissi got out of control, price broke lower and closed below the 200SMA. Particularly in the 21st century that was during the dot.com bubble and the 2008 recession. In 2016 substantial stimulus was enough to avert the crisis. Now as we are testing the 200SMA again, it shows the critical nature...
Prime rates drop only when there is a crisis....why now? Our economy is sooooooo strong....right?
This chart is what you need to know about the U.S. Stock market. 2 trend lines and that is all you need to know.
SPX has been hit hard lately but I think we are now closer to support levels that should be watched closely. I have a few stocks with market cap slashed in half and/or are more than 50% down that I am watching. As I mentioned in my last $AAPL idea, this downturn will move fast now before the fed rate cut and any stimulus package. I believe that we hold the 200MA...
We have seen this movie before, haven't we? Q4'18 19.44% down is precisely what we have now peak-to-through -19.45. Same 19.19% in Q3'2011. Rapid recovery till first week of April.
Quite the day today, what a big dump :). Earlier today i posted a message in my public channel about the indices and what we should NOT forget! About the stock market, after the first big crash 2 weeks ago (I mentioned this before), I believed it was all selling and no real shorting. After the first bounce, short sellers have come in the market as well. The...
Rising channel formed, waiting for the break as the signal to sell. Target 1: 25000. Stop above the latest swing or closer for more aggressive traders. Good Luck!
Yesterday i posted the bearish wedge on the left, the smaller one, thinking it could drop and then move up again. We did exactly that, but the move up has been a bit slow for my taste, so now i am thinking we might be in the making of an even bigger wedge (the yellow triangle). For this to play out, we have to make a lower high now, actually even means that the...
This is a long term approach on DJI after the price hit the Higher Low trend line of the 1W Channel Up (RSI = 44.081, MACD = 142.400, ADX = 38.014) following the worst weekly sell-off since the Subprime Crisis. The 1W RSI also just hit the 34.000 level which is a Support since 2016 and last time it visited that level was on the previous Higher Low of the Channel...