There are too many people expecting a crash nowadays, because there are some indicators showing a similarity to the 2000 and 2008 stock market crashes.
I am convinced however, that if too many people expect something, it will not happen. Quite the contrary will happen.
I am not a stockmarket shill, I don't even own any stocks. I started learning TA when I...
Pretty self explanatory.
I don't believe in a major (greater than 20%) stock market crash this year, but soon, maybe Q4 2019 / Q1 2020. As you see the dow:gold ratio has broken up above 10 year pivot signalling further moves to the upside.
I guess stocks still bullish for now.
*Please support this idea with a LIKE if it helps you. Thanks!
More details about me in my signature.
NAS100 has been labeled within a Sub-Millennium degree wave 3 (pink), which has been unfolding ever since the Dot-Com bottom from 2003 bottom, when the tech Recession tapped out.
Structure - Bullish Impulse
2003 lows and up until Nov 2007 highs - Grand...
At the moment we can see a similar shape double top as the one i showed back in Sept. Eventually it was the ATH so it was a bit lucky on that part. So doesn't mean the same will happen again now, but who knows.
So doesn't mean we crash hard, but we can always keep a part. Stop above the high, would do half now and half at break neckline. Above neckline very it's...
Confirmation: pending (variable)
Type of Trade: Countercyclical (EMA50 below EMA200)
Pattern: 1) falling wedge reversal breakdown with 2) weekly flag breakdown on 3) major support line.
PS. Below $189 the chart will turn terribly bearish, so be cautious longing from this support region. I'd say the...
Leaning slightly bullish due to the weight of the evidence but there are too many binary events coming up in the coming week that could throw off my thesis. Plus we rallied so strongly the last 3 weeks that I wouldn't discount the fact that the market might just consolidate while it waits for the G20 meeting.
Blew through last week's expected move ($41) and had a...
Eyes open if you're long. We're past the point of easy money. Hourly charts starting to show signs of weakening.
I've obviously been bullish, but I'm flexible.
Weekly chart for the $SPY still looks good, but can turn on a dime. By turn, I don't mean huge crash like many are praying for. I mean choppiness with some sharp moves up and down.
Nasdaq Futures (NQ_F) shows a higher high sequence from June 4 low, favoring further upside. Short term, rally to 7600.75 ended wave (1) and pullback to 7421.48 ended wave (2). Wave (3) rally is in progress as an impulse Elliott Wave structure. Up from 7421.48, wave ((i)) ended at 7536 and wave ((ii)) pullback ended at 7477.75. Wave ((iii)) is expected to end soon...
As you problably know : the following week is the famouse witches sabbath.
Hedges and investors sentiment are pretty bad, market are like a glashouse. Just a stone and anything will fall apart.
Watch the shocking insider selling today cnbc.com
To watch : Fed decision, iranVsUs, Italia vs EU, China vs US, Debt.
Big companies in Europe a canceling...
I was wrong on my neutral call last week. Should have been bearish. Mexico tariffs or not, doesn't matter.
Honestly have no clue what's going to happen this week. Had a bunch of mimosa's this morning and don't have the mental energy.
Green box was something I put there weeks ago. Maybe target the gravity point for a bullish bounce.
Best of luck next week gentlemen
I called the last bottom in dec 2018, let's see if I can get this one right.
Buying at 7126 / Closing 7300ish
Strong indication of a bounce this week, I'd bet you could throw 1/3 your stack here at 7120 and 1/3 at 6950 and you're nearly guaranteed to break even at worst.
The Mexican tariff news is BS, no way it's enforceable, it's going to take 1 tweet from...
Confirmation/Entry: 124.46 (ideal) / 188.78 (early)
Invalidation: Local high
Target: Three targets on chart
Pattern: 1) Weekly bearish impulse with 2) break of weekly EMA50, and 3) death cross on daily.
Neutral Call. I think the ' h-Pattern ' we have here will provide a nice bump in price but I think selling pressure will keep the market relatively rangebound especially during next week's shortened 4-day week.
Our Standard Deviation trend lines have been working quite well. I believe we have enough data to call them reliable.
I highlighted in a green circle...
For newcomers, check my last few charts, I'm currently 3 or 4 in a row for solid wins/predictions. AUD/USD was the weakest but I believe that has more to do with fundamentals and Australia lowering their interest rate which devalues the currency. The original bounce itself on AUDUSDwas great though.
Just closed my shorts from 05/05/19. I originally had...