Let's keep this simple. SPY on the four hour chart. One more day of consolidation will complete the right shoulder. Lower then average volume, to many bad bad super bad catalyst to not have this play out. Evergrande, debt ceiling, over leveraged banks, and hedge funds, housing bubble, inflation, fed tapering. Don't kid yourself.
Evergrande is a major Chinese real estate developer, who through leveraged properties and issuing US denominated junk bonds, built up a real estate empire making it the second biggest in the country. Due to the pandemic many of their tourist properties suffered a hit. They've now managed to rack up $300 billion in debt. They've just announced that they wont be...
Real Estate starting to feel the pain in China as Evergrande implodes - How much longer before the contagion spreads? Weeks? Months? Clock is ticking. DRV x3 Real Estate short ETF has a couple nice Gaps to fill at ~$12 and ~$20. Stoch and RSI appear to be confirming a potential bottom/turn back up here on the weekly. AO also predicting a move up sooner than...
SNIPER STRATEGY This magical strategy works like a clock on almost any charts Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading. It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave. The best timeframe for this strategy is Daily, Weekly and Monthly...
DISCLAIMER This is in no way, shape or form, fluid and function, an analytical, qualitative or intelligent compte rendu. There is absolutely no financial advice here because the only financial advice I can give is to research, research, and research. The purpose of this analysis is to serve as an example of an investigation into a company's background,...
Idea for Macro: - Free money is cut off at the source. China Credit Impulse turned negative > Evergrande is first to fall > Overseas investments downsized > widespread effects. - China was the only productive economy in 2020 > driver of global economy (60% importer of oil). - CN30Y is closely correlated to CCI > leads US30Y > leads US risk assets. - Chinese...