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On 10/11/18, US indices experienced normal volatility (-4.07%). Although short interest was higher than any other day in history.
US equities such as the SPX, continued to sell off through the end of the week and has now been closed since Friday and futures (US30usd) are looking grim.
Ironically, at such a moment as this, the prices of cryptocurrencies across ...
Wave 4 hasn't even finished yet and a lot of people are losing their minds watching too many doomsday videos.
Let's just wait for at least Wave 5 to finish before thinking any kind of fall in this market is going to happen.
These are my views on why the Dow has probably topped out.
All markets tend to follow the US markets which is why a crash in the Dow Jones will likely result in a crash worldwide.
My arguments are presented below:
- Longest bull market recorded in history
- US debt is worrisome +21B debt (dollar in trouble?)
- Private debt ATH (particularly US student loan ...
According to the trend lines a break down is imminent, chart is self explanatory. Only after 23400 is broken a total collapse to 2017 levels is possible.
This analysis is not based on feelings. We have used many sources of information and professional long-term deep research. We will provide a regular updates over time.
Double top on the dow. medium/strong bear divergence on the EFI and RSI & weak bear div. on the OBV. Buy volume low compared to recent months. Need to see how this sell candle forms at the end of the month cycle. Rsi crossed back below 70. Targets: 25k/23.5k/21k/18.5k (ish). China's economy is weaking alot more than expected due to tariffs. Stock buybacks and ...
This chart proves the theory that Employment Rates in America is what dictates the direction of the stock market. When people are employed, the market goes up and we should be riding it to the top until employment starts to fall.
Please comment and let me know what you think of this idea and whether I should include any ...
Double Top Pattern on Dow Jones Industrial.. Volume confirms the pattern... Confirmation line and Target price have been given on the chart.
It appears that S&P500 has completed five waves. It could go down to 207, the 38% retracement level of the Elliott wave started in 2009. A 61.8% retracement could take S&P500 down to 154 (see weekly and daily charts below).
The price of gold is about to break upward as upper bounds of RSI Strap has been broken and US equities are extremely volatile.
I am expecting a very weak open for stocks and a continuation of the gold price rally.
Gold has been trading within a tight range since August and volatility of this extent is expected.
Targets for this trade sit around $1350, ...
I did not expect such strong selling through the 6000 level so soon. I was honestly expecting a bounced at 6000 with long term support (trend line) holding.. I guess THEY had other plans ;)
The selling occurred due to the $DJI breaking support and dipping just under 6%.
Second target in sight, however, the fisher and RVGI are both over extended so I expect some ...
Many pundits would acknowledge that in 1982, after the Volcker shock, the capital markets in the US started a bull market that continues to this day. This also coincided with the greatest decline in interest rates, and the largest bond bull market witnessed in the modern era. During this period credit expansion, technological development, and cheaper and cheaper ...
The large sell-off on the 10th is a rolling snowball for US indices. Anyone opening shorts is winning.
I expect more downwards movement on the open as futures look weak and scalping using the new TradeMiner S9.
Nearly a month ago on September 8, I warned the trading community that NASDAQ could go down to nearly 5000 levels. Please see my logic in the post linked below. That major correction appears to have now started.
Warning about a major correction:
PS: This analysis is just for ...
The Dow Jones is on the lows of the bullish fork that contained its movement since February 2016. The weekly chart indicates a lot of weakness.
In the last three years a long red candle has always been followed by an equally profound fall in the following two weeks. (August 2015 - January 2016 - January 2018). There are chances that the downside is not over.
DJI is seen lower 5-10% until after the mid-terms. Oct 3rd is not the final top.
11 Oct could be a day to remember(refer to post "Dow Jones Fibonacci Time"), Dow fall almost 1000 points in a single day and still dropping. In 4 trading days, Dow have dropped 6.52% at the time of this post from historical high.
The current price structure in daily chart are not favorable to stocks investors, first 3 Oct all time high was not sustainable and ...