If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment!
So I have just posted about the NASDAQ and noticed that the DOW chart is slightly different to it (I will post the NASDAQ chart below). On the original chart you can see the NASDAQ breaking out...
Currently the 6th time in one hundred years the DOW has been as overbought on the RSI. In 1944 the DOW rallied 3.4 % higher first, then pulled back 4.5% yet in the other 4 times, the DOW pulled back 4-6% then had an upside bias for the next 2-3 years, where the DOW rallied 89% - 17% - 49% - 118% - 82% In each period after the rally finished, the DOW had a...
There are two probable scenarios in my opinion, but I would look at selling my trade at an earlier support level, also I would be looking at which is the real resistance level.
See the full newsletter here: forum.marketstockoptions.com
When measured in Gold "Real Terms", a different picture appears ... it seems that although prices in dollars have made new all time highs the market is actually set to go down. I believe we are now in a long-term down cycle. Any ideas? What do you all think?
TVIX has been playing well off of daily S/R outlined in chart, likely pops soon or else 2.75 support could test. My guess is it at least tries for 3.84, and if strong enough, we could extend targets to 4.25 area.
bounce off of 3.00 strong so far