Have you been shorting this bull market wondering why you're not winning?
I've been getting direct messages asking me when is it a good time to short or why when there is a reversal candle there is no follow through to the downside.
Zooming out to the 2 day chart I think you can see why. We are in a massive uptrend channel since early last year right after the...
S&P Analysis Week of 12/13/2020: Will Selling Continue?
Will the S&P continue to sell off this week or will it make new all time highs?
There has been a lot of whiplash and volatility over the year and last week was another good example. How many people thought they were in a good trade making profit only for the market to come back and take it away and...
Similar price action to GBP/USD before Brexit! Chanel move up, double top, break and retest of the trend, and fall back to the beginning of the trend. this is my outlook for the next few months. And I wanna short GU the battle of the weakest pair!
As usual, I like to keep my charts as simple as possible. My last two weeks have been spot on and I was able to make some nice profits.
This week I'm keeping it even simpler. I do NOT try to predict the markets. I take the high probability trade setups the market gives me.
I'm waiting for either a breakout above the diagonal trend line (with a retest) and then...
I think the chart explains itself. We are at a critical moment. If price finds support on top of channel (making higher highs), then a new cycle outside of channel has begun. Expect another bull cycle?
If price does not find support on top of channel and is rejected, then we could come back down to the bottom of channel and re-test March lows.
This month will be...
ALOHA
D - current day is resisting the 50 enamors and had bearish consolidation but still with some momentum for the downside. the last few days of been corrective creating nicer intra day patterns.
4hr - correction just under the 50 ema, now creating strong bear candles instead of high-test reversal candles.
1hr - Price bounced back up to the 50ema to reject...
Oh well - only about 5000 points of a massive drop in just over 1 week. People are asking, " Has the bubble popped? ".
I go into this in some detail. I think we're at the start of the POP.
This thing is serious though.
I'd like to hear from others if they think this is going back up and to the moon.
I previously told people to get ready! Some weren't ready.
The market seems to have selected a 30 min ATR trend line pattern to follow south. How far it will go - nobody knows. This is the essence of trend following i.e. NO TARGETS. This is hard work!
Central banks around the world are coordinating in a last stand to prevent global meltdown. So - they're about to decide massive liquidity injections into 'their economies'. China, the USA, Singapore are already on board. Expect Germany to follow cuz the German economy is on the brink of a recession.
What this could mean is a number of things:
1. The punters...
I had flagged that the DJI and NASDAQ were in trouble some time ago. I told everybody to 'GET READY'. Some were hypnotised by POTUS's assertions that the American economy is doing "fantastically well". Yes he said so and I have the reference.
The data on ISM that triggered this plunge/correction was not brand new information at all. It's only because the ISM...
Bloodbath is not a derogatory term - it is commonly used in trading circles to describe a total catastrophic meltdown. Markets are about to panic for a number of reasons. As panic spreads there is usually precipitous fall in prices - as everybody rushes sell.
1. US-China trade war kicks into overdrive.
2. Tariff man has hit Mexico
3. Tariff man has squeezed...
