W1DOW as reached the target range forecasted in our post of May 31 and reversed as predicted. It seems to have finished the minor corrective wave 2 and should soon be tracing minor wave 3 down with strong momentum. The probable target for the end of minor wave 3 should be below 370. If price crosses up 418, this analysis should be reviewed. FOLLOW SKYLINEPRO TO...
As forecasted in the April 7 post, Global Dow surpassed the target at 377 and just crossed the 0.618 retracement, typical of second waves. Intermediate wave C is tracing minute wave 3 up, therefore we may see a probable additional growth of 5% before the trend reverse in direction to new lows. A possible target is at around 410. If the index cross down 354.80 the...
Hello friends, its mine first view on s&p500 index,
This is a clear Uptrend. The down arrows point to the lower highs of the trend while the up arrows point to the lower lows. The Uptrend turns into a Downtrend when price makes and confirms a higher low at the upper right side of the chart. That higher low is only confirmed by the following move Downward. They can...
There's a large amount of speculation whether or not the United States will enter into a deep depression; And there's some potential for it.
Housing Starts for single family homes has decreased to levels seen in the 1980's, meaning there will be more families moving into multy-family homes; or apartments.
Housing asking prices are dropping along with demand...
First thing I'm noticing is the red line seems to be the support on three occasions, with three distinct periods from 2018 where the DOW dropped to the red line and recovered.
2020 Corona crash has had a somewhat perplexing recovery, which to me defies absolutely all and any logic!
It's absurd the DOW has rallied like it has given the economic horror...
election in 100 days ++ and recovery is being priced in at current levels
shorts are getting squeezed and covering as fast since last week
buying the dips should be opportunity for those who got left behind
see spy high beta issues and etfs with top fundies covering it
should be rewarding this wave 3 in progress
REET is developing minute wave 3 up and ended the day at 0.5 retracement of minuette wave 3, which could be the end of wave 4. Minuette 3 ended exactly at 1.618 fibonacci level of wave 1.If this scenario persists the expected traget for the next two days will be between 19.21 and 19.86. FOLLOW SKYLINEPRO TO GET UPTDATES.
So, Bitcoin did not need a bailout nor any government assistance to keep it alive. Bitcoin is still moving forward among the corrupt and manipulated global economy that eventually will succumb to the Bitcoin black hole.
Spot shares in from 26.12, stop at 24.7$.
Position to hedge other investments in case global markets continue to slide, <25% infection thesis still in play.
Invalidation is perfect for this setup as if this setup were to be invalidated, it means global markets would have reclaimed a huge support level and are now heading up back to cover most of the drawdown.
VT is running minute wave 3 of minor wave 3 of the primary 1 impulse wave down. Downward move may gain momentum. The long term correction in the world index etf should reach more than % during at least the next 2 years.