After a massive short squeeze and the best daily performance since 8 months that happened just a few days ago, a massive short interest could be found around 25888 in my opinion.
After price formed a double bottom at key level support, a strong bullish impulse took place breaking all barriers of the downtrend structure. Price closed this Friday with a bullish engulfing candlestick breaking above resistance along with the major descending trendline. Will be anticipating a slight pullback to retest broken resistance (61.8 fib) as new support...
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...
Global Dow GDOW
Same thing here.
Testing resistance, in fact it's now sitting just a couple of points above the next line at 2930.
It's going to push back up to 3000-3003 sooner or later, just over 2% on this chart.
Look to buy SPX or any major market either on any retest of the rising dynamic if we get to see it- or on further strength above 2935 on this chart...
The Dow Jones is on track to have its first Death Cross since August of 2015. This is bad news due to the fact that there is little good economic news to jump it up in price significantly enough to change it. December 14, 2018 is the current Trajectory...
Dead Cats all along the way!
Dear Friends!
D4rkEnergY is back - he knows the importance at looking at other traditional markets - Crypto is not enough. Especially traditional markets like US Stocks (Indexes like Dow Jones - which is the most important -, Nasdaq and S&P) play a big role in markets all around the world - also crypto.
Not a lot of people talk about it, but I'm gonna show...
The Dow Jones Industrial Average’ (DJI) is preparing for a huge drop, according to the chart above, let's take a quick look.
On the chart:
- We can see that a new high was created on the 3rd October, which was quickly followed by a strong drop. Even though the Dow Jones created a new high, the MACD and RSI are going down, this is bearish divergence and a...
Really the chart says it all. Can you see it? First target is the bottom of the first pretty pink box.
Then I will long the rebound off the MA100 to at least 8.78% profit (will ditch this long as soon as it looks ugly); might even get to hold it till 14.94% profit (well see, I doubt it)
Then we will enter DA BIG SHORT, which targets a conservative 28.73%...
Here is something I never posted about, I am sure I mentionned it but did not allocate more than 1 line to it.
Here is the top 10:
Apple
Alphabet
Microsoft
Amazon
Tencent Holdings (social media, microtransaction infested mobile games, league of legends moba, etc)
Berkshire Hathaway (Warren Buffet financial holding company)
Alibaba
Facebook
JPMorgan Chase
Bank of...
