Good Morning, Over a week ago, I posted a long position on Gold @,1275, showing a nine month trend and decided to take the risk. Half positions were to be closed @1,300 which occurred on Friday, May 31st 2019. Here is an update on where to close the remaining positions. In this chart, the Fib. retracement of 78.60% and the wave movement of the flag pole both...
based on interest rates and the importance of the euro and USD for global trade. we're seeing an irrational shift thats artificially effecting equity volatility. ZIRP or zero interest rate policy in euro zone. is driving demand for USD and us treasuries vs eurozone risk off assets. this flow is exploiting an already dramatic difference in interest rates globally....
Sometimes it's good to zoom out for perspective, given all the craziness in the market and media. We've had a wild ride on top of cheap money since the global collapse in 2008. That ride was beginning to stall until Trump's election and the exuberance (rational or irrational) that followed based on pro-big business policy expectations. This all came to a...
Hoping to keep this fairly simple. Firstly, I'm posting this as a direct response to poster MrRenev's OP in which he mentioned cryptocurrencies, bitcoin, ICOs etc should be illegal. It is obvious in his post that he's trying to create FUD pretty desperately, because he mentions things like 'crypto trading is not halal/kosher' etc. among many other things. The post...
Looking at potential sell towards key levels marked out by green horizontal lines. due to economic news this trade can have a major impulse which may allow this set up to come into fruition faster than expected. this is a trade i will be watching closely over the next trading week and be hoping to see the price break down, retest and then create an entry zone for...
on the daily and weekly it just hit the support level of the retest
Final capitulation occurred on 12 JAN 2015, during a time in which the personal saving rate made a multi-year high, peaking on 30 JAN 2015. This could help us identify a max point of financial opportunity in overall market conditions and investor psychology. Q4 2018 ended the year with the highest personal saving rate of 2018. Q1 and Q2 readings in 2019 could be...
I have to state that I believe BTCUSD is poised for a price breakdown towards the $1300~1500 price level unless something changed in the Crypto landscape here soon. I hear pundits continue to talk about "the technology behind" the crypto market. Yet, even with all this technology, the DEMAND side of this economic experiment has continued to falter. The HYPE...
Pay attention to the bigger picture, folks. The past suggests the future. Post 1973, the gold standard ended and a boost in equity valuations followed. After 1985, a similar boost setup after Reagan initiated a technology boom. The contractions in the market in 2000 and 2009 were related to growth constraints and excesses related to out of control...
Hi everyone, this is my first post here on TradingView. A little bit about me: I'm an Economics nerd (although, compared to some of the folks here, I feel like a total noob). I graduated from the University at Albany in 2011 with a major in Economics and minor in Computer Applications in Business. Currently I work as a Business Systems Analyst for one of the top...
With the usual news coming from Europe of Brexit and the meetings between the Italian Government and Brussels, we believe the EURGBP may bounce in between two levels until the Italian budget is sorted with Brussels or Brexit is done in March, with a large amount of Sellers at the 0.90900 area and many Buyers at around the 0.89200 area it may mean a major...
euro is just about to break a neckline on a daily head and shoulders. Is bouncing off of the weekly trend line. euro is already not looking to great economically and the usd is doing everything they can to make export import markets as choppy as possible. Reinforcing any doubts that the euro export market has slown down.
2Y-10Y treasury rate compared with SPX and DOW
Once again, the chart should be self-explanatory, but I thought maybe some users would be too young to be familiar with some concepts, or simply uninformed. Being concrete 0.00% , the reference rate given set by the Fed is an inflation target. Inflation is a controversial topic, but both sides have points in favour. Inflation is happening, and the logic for it is...
Elliot Wave Correction + Bearish Divergence This bear market could be a good thing for crypto.
STAF is what I would call break out prone. I base this mainly on Wave analysis and indicators for confirmation. This is an update to the related idea. Primary wave 1 complete. Correction wave 2 looks to be ending. Wave 2 has retraced over .786. The price action and volume were strong in today's trade. 1HR: 3HR: D: W:
STAF is ready to breakout. 5 Minute Chart: Elliot Wave 6HR: Heavy Volume 20 EMA was Heavy Resistance and is now becoming support. Spirals: Anticipating Wave 3 to begin...
Today's all-time intraday high on the S&P 500 reminded me of a correlation I had looked at in the past. I re-charted it just now and frankly, the implications are fairly profound. 1. Note that for most of the chart as the value of the U.S. Dollar Index drops, the market goes up. - What that means is this. The stock market prices went up, but the value of our...