Since the recent market expansion on USDJPY we have seen a fake breakout reaching a high of 118.452 and it has been up and down since it reached this point. With a more than likely rate hike on the way from The Fed, and optimistic news from the Bank of Japan. I think we could see a return to about 115.500 level at least. I speculate that this is a situation that...
DJI with the clear breakouts from long-term channels (blue & dark pink). Interestingly "smart money" appears to have been incredibly prescient in timing a perfect sell-off before the p-demic lock-down and March 2020 crash. Most likely correction will be approx 40% from ATH to about 21.7k. Minimal market correction of 20% to 29.5k has low probability of being...
Pick your correction level. Inflation running hot, price increases sharply increased. 6.1% in January 2022 over January 2021. Consumer spending up 2.1% January 22 over December 21... of course consumer spending is increasing, look at what is being purchased. Housing sales down another month, at least 3 in a row as real estate has increased at alarming rates....
BTC has continued to be impacted by broader market headwinds. $DXY increasing reflects inverse correlation, while BTC continues to show increased correlation to $SPX & slightly less loose correlation to $NDX. Flipping to 1-day chart gives a zone between $25.8k & $31.8k as area of contention between bulls & bears. Loss of $28.5k with a daily candle close has...
$DJI has lost 50 SMA on weekly. Last time this occurred was March 2020, 38% retracement from Feb 20 high. Previous loss of 50 SMA was Oct to Dec 2018, with a 19% retracement. 29.5k is a 20% retracement from ATH, bringing market back online with Feb 2020. 27k level is 2018 high w/ corresponding 27% retracement. Near 40% retracement is 22.4k DJI level,...
Bitcoin structure continues to reflect bearish momentum. 100 EMA has fallen below 200 EMA "death cross" with BTC seeing rejection at the 200 EMA on the 3 day chart. This week, the FOMC communicated rate hike in March along with beginning of asset reduction on federal bank balance sheets... QE unsustainable given risk of permanent inflation not previously...
Hello fellow traders, Please check out my analysis of QQQ, I go over different possibilities of a market correction; how far down the market can go, and where to look for bounces. I also dive a bit into why we are seeing this type of price action. Take a listen and let me know what you think
Setting long-term channels provides clear distinction between major market shifts. Likely correction %'s from ATH's: - 25% minimum expected decline - 40% is the most likely correction - 55% major correction - Total market reset would be 90% The blue channel reflects the top-end growth breaking out in 2018, followed by another breakout above the dark pink channel...
$BTC closed Jan 6th Daily with a bearish engulfing candle, providing indication that selling momentum remains strong. Unable to sustain long-term mid-channel as support, increasing likelihood of 100 EMA falling below the 200 EMA for an impending "death cross" in near future. Bearish structures continue, double tops, head & shoulders losing neckline support,...
This idea involves using the VIX as an indicator to predic when market corrections on the SPX will take place. Timing exists can be a great way to protect profits and increase cash reserves to capture the next bullish run.
Hexagon, The Queen of Sweden. Farwell Hexagon is done is massive move under Corona and is about the burst with the economy. no support leg a higher range. Big short alert.
Based on the Elliot Wave theory, there are three things that I think ya'll should check out. We are close to a correction but one of them is a two year bear market and the other is a 2-3 month correction before the next impulse wave to the upside. If you guys don't know anything about Elliot Wave theory, I highly recommend reading up on it. There are rules that...
It's time for a healthy 10-15% market correction, just like we historically had. It's healthy, it's needed, take some profits, and let demand take over 10-15% below so we can go higher.
Depending on where you call the start of the correction, the final 20% drop level is different. From Peak (in blue) = 28,500 From recent low (in yellow)= 26,500 From recent floor (in red) = 25,000 When the TVC:US10Y hits 2%, the Nasdaq could see a 20% drop as they are the growthiest stocks with the most minimal dividends. DJI is the safest from the rise in...
The monthly Dow index is dominated by divergence, thus indicating the direction of the market, the same was in February during the covid-19 expansion (the market anticipates this a few months before and do not understand how it did so). With the formation of the divergence against covid-19, it began on September 04, 2018 (dark red) (blue line on January 2, 2018)...
After a false breakout due to a correction in the broader market, $CLOV has re-entered the falling channel it has broken out of and closed within it. From this area, I expect growth towards the resistance zone around $9.92 to $10.00. However, do note that this zone of resistance that we are heading for is a very strong area of resistance. In this area, we see...
Since the market started selling-off late February due to disturbance in the bond market, the movements of $CLOV has since been mirroring the direction of the overall market relatively tightly. With the closing of the market earlier today after a considerably sideway and mixed trading day, S&P 500 rose by 0.60%, NASDAQ fell by 0.04%, while Dow Jones Industrial...
The movement of $CLOV continues to mirror the condition of the overall market. Today, the tech-led sell-off took a pause, with S&P 500 rising by 1.95% and NASDAQ Composite rising by 1.55%. Similarly, Clover Health ended higher by 7.54%, closing above the previous day's close. Going into next week, I expect $CLOV performance to continue reflecting the overall...