Dow Jones industrial average index has lost its February 2020 support. As this support did not hold i am convinced that the oldest US index has begun the great depression, not recession but depression. You can already see what fiat pairs with the USD are doing. The run up was just phenomenal to say the least. We've been essentially parabolic since 2009, with the...
Good morning from #Germany, where #inflation could rise by double digits. In the most populous state of North Rhine-Westphalia, CPI has risen by 10.1%, which is a record in the statistics The euro hits 0.95 per dollar. $spx $ES_F $DJIA $DJ_F $COMPQ $QQQ $SPY,$EURUSD
4 hr. was forming a bearish flag at resistance (purple TL). The third touch since 2009. And now we flush!
When comparing the performance of the SP500 to the expansion of the money supply, you get a completely different picture from a traditional SP500 chart. Instead of a lost decade, try 2 1/2. We're below the levels we reached in 1995, before much of the dot com bubble. A little TA suggests we could fall 10% (3200) to 30% (2500) before this is all over. I'm...
BTC continues to tumble down with everything else... Soft landing in not very realistic outcome
ECONOMICS:USINTR United States inflation rates are set to double as they return to an equilibrium of value. Early targets reside at 5.50.
The inflation data and with the rise in interest rates we are seeing a USD strengthening with everyone but a recession has not yet been declared in the United States, something that could change everything especially for GOLD, which is the main refuge of value in the face of a crisis, we saw it in 2008 that exceeded maximums with the economic crisis, we saw it in...
Traders, The fear index is up against resistance. Do we come down now? Data from other sources and charts is telling me we might. Stew
Traders, Since 2009 the dollar has remained under this purple trend line. Today we do battle. This is the moment of truth! A cross above it (unexpected) would be bearish for our U.S. stock markets. If we stay below? I expect good things in the next several months.
CBOT: Micro 10-Year Yield ( CBOT_MINI:10Y1! ) Last Friday, U.S. stocks plunged again as soaring interest rates and FX market turmoil fueled investor fears of a global recession. The Dow fell below 30,000 and closed at 29,590, down 486 or -1.6%. S&P 500 broke through 3700 and settled at 3,697, down 1.72%. Nasdaq Composite lost nearly 200 points and closed at...
M2 Money supply chart . The reason we have inflation
Just playing around with M2 money supply chart the reason we have inflation ! We have increased M2 by 40% in the last 2 years a process which usually takes 5-6 years historically.
Gold is in its correction phase and a break below $1680 area and near the low of the month will confirm its down move with a break of double top pattern. Potential target is to the lower uptrend channel and support (demand zone) at $1371, which will possibly form a good buy opportunity.
"Gold is a hedge against inflation!" You must have heard that. Everyone has. That's textbook doctrine. But, in reality, is it? how has gold behaved since we have really started talking about inflation? Inflation has continued to rise, but gold has continued to...fall. I saw a youtuber interviewing people around Wall Street asking them for advice with one...
Chart shows historical price of Bitcoin adjusted against both the Global Commodity Price Index and M2SL, and may serve as a visual aid to illustrate Bitcoin price adjusted for rise in commodity prices while taking into account increase in money supply. This chart therefore accentuates and magnifies the recent downturn by taking into account both rising commodity...
Dxy shows the high inflationary pressure World markets should correct Btc inversely proportional to Dxy have already reached a good support, start accumulate btc, this is a good zone
From 1985, DXY oscillated into falling wedge and nowadays rising on EUR weakness. This falling wedge got confirmed and trend is strong. Consumers prices rises to try accelerate worldwide economy. Damage was done in US by printing. However, the war in Europe destroying Euro. Many of Us, traders and investors thought this have to come sooner or later. With that...
Resharing this as my last idea wasn't very useful in micro terms. Knowing all to well that the macro picture is what matters most, I still had 0 intents of sharing a decade's long trade idea. Hopefully it ages well though :) Focusing this time on the more near time, anticipated price action, we can see that Gold is near very strong support levels. In Elliott Wave...