SPX weekly chart has given clear signals in the past with regard to overall changes in trend.
- The 2008 recession was signaled by a clear bearish divergence on the weekly.
- The 2009 bottom and reversal into a 9 year bull market was signaled by a strong bullish divergence on the weekly.
- When many thought the market was crashing in late 2015/early 2016, a...
Last chart I was cautious of taking any bullish positions as there was some increasing bear volume and I was having my doubts the bulls would hold the prior low of $3869 and give us a higher low. They did fail and we fell to a lower low on this move which now sits at $3732.
The positive was from there the bulls did make a slight higher high on 4 hour chart....
I'm ashamed. Embarrassed. I don't want to tell people I dabbled in crypto.
The main reason is the weakness and lack of faith within the crypto community itself.
It hamstrings itself at every opportunity; shorts constantly, can't sustain bullish activity for more than 5 contiguous minutes.
What are you doing?? Collecting 1% and day trading.
Recent studies show...
