📌 Another example of the erroneous breakdown, a very similar position to DAX, CAC, FTSEMIB and STOXX. We can see how clearly the virus is leading the equity board, as Spain were the first to enter back into the second wave the prevention of a freeing breakup is being made possible via the important loss of diagonal support. "Sell weakness, and even more when...
📌 Eurostoxx 50 is in question here and we have a good illustration of the ABC outpost. The main target 3,489 is still open for a test but a breakdown here will seal it for the year. In a nutshell, this is a chart speculating that we are in the very early days of the "C" leg down. It is the same opening move in play for German Equities, DAX: This leg...
Im already short in its etf EWP. I think that the most probably scenario for this triangle break is downwards, since there will be a second economy bomb (aka covid confination) and there is no way the economy is recovering soon.
My first video here. Quite bad all. Sorry for the quality... bless you!
This is a review on a monthly view of the main banks in Spain. We are not going to make any more comments than to limit ourselves to paste the charts, just to say that they are inside a big shit. In which one would you put your savings? Greetings and God bless us. ------------------------------------------------------------------------------- Banco...
After a multi-million dollar bailout, the bank is back at record lows. Will it hold the pressure? There is still room in that RSI for a bit more correction. Bleh! This is a continuation of our previous ideas... Rodrigo de Rato tret al clatell!
Cac40 & Ibex Updates (13:05:44 (UTC) Fri Aug 7, 2020)
Turkey ISE National 100 Index Short Entry Aug 7, 2020
These trades remain open from the original sell signals given on Jul 31 23:33:15 (UTC) Sun Aug 2, 2020
On the 60 minute chart, price is obeying the blue dotted transagonal support & resistance contracted channel. As price hits the (daily) orange (transagonal resistance), we should see a correction leading to a move to the downside to the lower (daily) orange transagonal (support) line at approx to 7015.1 to 6930.7. *Black lines = daily S/R
The amount of speculation that steers this as "bullish" honestly doesn't make sense to me. For this reason, my outlook on the current global economic cycle will be in alignment with shorting DAX and the IBEX.