I FOUND AN UNFILLED GAP FROM THE 2009 LOWS AT 8364! EVERY TRADER SHOULD BE AWARE OF THIS! BEARS MIGHT VERY WELL BE REWARDED!
THERE ARE SO MANY GAPS TO FILL! I WAS THE ONLY ONE TO POINT OUT THE GAP ALL THE WAY AT THE TOP, IT LOOKS LIKE IT WILL BE FILLED IMMINENTLY! HOWEVER THERE ARE NUMEROUS OTHERS LEFT TO FILL TOWARDS THE DOWNSIDE! EITHER THIS IS A MARKET ENTERING HYPER-BUBBLE MODE SIMILAR TO WEIMAR GERMANY IN THE 1920s, OR THIS IS SETTING UP TO BE A 1930-LIKE BEAR-MARKET...
The market is coming back to its previous bullish trend, two proves of that: - Nasdaq is already in neutral territory YTD - Volatility is around 48%, well below its peaks - Some companies, specially American technology are regaining ground effectively sooner than expected which is also good news. The two pillars within this environment that are working are...
Euro is in manipulation prolly due to the global condition at the moment by this pandemic. Trillions and billions of moolah been printed out from global center banks are just an rotten news at this point and everyone is racing against to combat the virus and protecting their own plunging economy. System has already cracked and no idea how long it might be going...
Let’s now look at the weekly when referring to our previous post on US30. (SEE LINKS below in order to go over previous analyses on US30) Our next 🎯 is at 24822 the WAP
A week in the financial markets was held in the chronicles of the coronavirus. The epidemic is still under development. The number of deaths exceeded 700, and the number of deaths approached 40,000. A number of quarantined cities in China, many plants are idle, are already starting to disrupt the functioning of the global economy: some companies outside of China...
Last week ended for the dollar is not the best way. Statistics on the US labor market came out slightly worse than expected: +145K new jobs outside agriculture instead of the expected +160K. On the one hand, it’s okay, but on the other hand, after +200K of employment from ADP, it seems to be not enough. On the whole, our predictions for NFPs based on statistical...
We start with macroeconomic statistics, it is worth noting the extremely weak employment rate from ADP: +67 thousand jobs with a forecast of +135 thousand. So, buyers of the dollar should at least focus, because if similar statistics come out on Friday on the NFP, the dollar may well be sold out. Statistics on business activity in the Eurozone came out...
A lot of macroeconomic statistics was published yesterday, however, it did not lead to significant movements. GDP was revised upwards 2.1% instead of preliminary 1.9%, and durable goods orders exceeded the most optimistic expectations (+ 0.6% m / m instead of -0.9% m / m). Well, the number of people receiving unemployment benefits in the United States so generally...
The US and China have traditionally been optimistic about the progress in the negotiations, but apparently, the markets no longer respond to this. If you yell “wolf”, in the end, people will no longer come. Something similar we can see in the negotiation process between China and the United States. They have been optimistic for more than a month, but there is no...
Black swans did not fly by, and there were no important macroeconomic statistics or news injections either on the financial markets. In general, the lull that has lately reigned in the financial markets is lingering and the silence begins to become painful. Usually, it all ends with a storm. But a storm needs a trigger. For example, Trump’s next demarche and the...
Heading into next week very bearish against the dollar. While the rally of last week was enjoyable if you were long on the dollar it seems the macroeconomic environment has changed and the tides may turn. On the fundamental side of things you have Trump threatening more tariffs against China, kicking off the trade war again and shocking the markets into...
Despite the extremely weak statistics from the Eurozone published on Monday and rather depressing data on producer prices, published on Tuesday, the euro tone was relatively good in the foreign exchange market yesterday. The reason was the information that the ECB is not ready to resort to additional monetary incentives. Therefore you should not expect to ease...
It is common knowledge that interest rates play a major role in any economy, so I recently decided to sit down and see how the 10 year U.S. bond yield has acted during recessions in the past to see if it correlates somehow with today's markets. After all, the biggest component of any recession is monetary policy which would imply interest rates and therefore bond...
There are several factors supporting this hypothesis, including wave theory, technical analysis, fundamental analysis, and macroeconomic factors. Wave Theory: Based on the Two Day chart above, it looks like we're in a diametric and should be nearing the end of wave-(D) because it is time similar to the other waves, and the internals of that wave seem to have...
Based on the higher time frames, the price has been declining rapidly to the downside, the trendline was broken and tested our key daily area of support 1.81500 which was created by the previous swing to the low before retesting the key institutional area of supply1.88000. I will be monitoring candlestick behaviour around this key region to see if we can get more...
Puede que el crash ya haya empezado! / Maybe the crash has already started! Los últimos serán los primeros... / The last will be the first ... Si corrige puede que lleguemos al nivel de los 2570 puntos. / If there is a correction, we may reach the 2570 points level. Debería ser así por la clara divergencia entre el precio y el indicador RSI. / It should...
The stalemate of the trade negotiations between Washington and Beijing weighs on the main trend of the US. There was the increase of 200 billion dollars in US goods on Chinese goods, since last Friday. In fact, before Trump's words that reversed the direction of the price, the DOW JONES, NASDAQ and SP500 trends were all projected to rise in the short term. The...