So, the benchmark Malaysian Penny Stocks Index (FBMACE) just went into melt up mode.
The indices were almost near its all time low on March and now has broken all time high and more than tripled in a matter of 5 months.
What is going on?
Simple. The Malaysian Market is SMALL in the grand scheme of things. There is nothing Fundamentally strong about Malaysian...
A simple look at more recent boom and bust periods of the S&P500
Thinking Out Loud
Is the QE Bubble bursting before our eyes?
Will we see an all time high before a huge collapse and more Stimulus/QE?
Outlook seems bearish for the long-term.
These market levels are not sustainable, and inorganic, we are in the last phase of the QE bubble...
The DXY finally broke out of the channel it's been in from 2011, I would wait for a confirmation to call this a bearish breakout. If DXY were to reverse, and head back north, this will make it a bear trap, with dollar possibly shooting higher to 1. bullish target zone.
If we go above 3400 its the new bottom until correction/crash.
3k first line of defense for bulls or bears. Then 2500-2800 ish .
2200 absolute bottom backed by fibo level and 50 year old channel.
So if we stay above 3k/2200 then technically, buying the 5-15% dips, going long twice a month 60day exp and its free money.
Recession reverted/postponed, thanks JP
You can see from the previous idea in the related ideas that silver reached 18 usd
We have the same pattern so silver can go to 20 usd
Silver is very bullish because there is QE and dollar is weak
Same for all precious metal
Technical aspect 3-5 Elliot wave ??
Welcome to my post traders,
For those who study EW, I present you my current view on GBPUSD. By the looks of it, it seems that we've completed a major correction & were about to experience some serious downside movement. Combining this analysis with the recently announced QE from the BoE, I believe it would make a suitable trade to the downside.
Cheers to many pips!
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Further to our previous article , FXCM's USD index, USDOLLAR, has reversed its technical makeup. The EMAs are looking to turn negative (green ellipse). If the EMAs develop angle and separation to the downside the green 5-day EMA will be below the orange 13-day EMA, and the orange 13-day EMA will be below the black 34-day EMA. This will be a testament to the Fed's...
We have not reached the top yet. The S&P will rise due to unprecedented liquidity and serious retail FOMO will kick in for a parabolic rise to SPY 400 (S&P 4000) by labor day 2020. This is the end of a 30+ year secular bull market. Once the fed signals slowing of quantitative easing due to rising S&P and economy showing signs of recovery, the bust will reach its...
Been holding onto this TA for a while now. I posted it on twitter a lot earlier, you can follow me @thecolour_red.
On the chart you'll find 3 seller owned levels and one key liquidity area below that holds bullish sentiment. Currently, 100.39 has rejected price and is being challenged by buyers in the aforementioned zone.
-the rejection was printed...
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I posted about AGNC at the beginning of January when AGNC was around $17.50, I called for $20 no later than June. What a pleasant surprise that AGNC has continued to stay on fire!
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