i think equity markets will run for all time highs.
we might see some sharp bullbacks in short term trades , but overall bigger picture still looking bullish to me.
watch for big dump if SPX overshoots up to 4000-4200 range.
SPX shows signs of serious weakness having on mind technical side of the story.
- DAILY MACD BEARISH
-WEEKLY MACD BEARISH
-DAILY STOCH RSI BEARISH.
-WEEKLY STOCK RSI BEARISH
From technical side i don't have doubts that stock market will experience one more crash which will be followed by inflation of USD towards 1,26 and 1,35 instance over...
Dow Jones Industrial Average had been trading back in 1930s and its history provides a valuable picture of how expectation of economic crisis print uncertainty on the stock market. The Great Depression was characterized by an enormous amount of debt in the economy (over 100% of US GDP) and extreme levels of unemployment. The same parameters today cause high...
I'm a huge tesla fan and I personally think tesla is only going up but tesla appears to be topping off here according to my Elliot wave count. If my count is correct tesla will go a little higher to around the $500's before triggering a strong sell off to the low $200's. If this scenario happens I will be investing in tesla for the long run. Good luck everyone.
Struggling dollar going into a senior citizens election.
Wants to test 93.24 and may possibly rebound to attempt a 94 bullish impulse but shall inevitably fall to 92.60.
(can possibly fall lower to SUB 92)
Early 4th qtr test
I usually analyze the market in this order.
10 mins ( For entry only)
I find it more effective for like this for my trading style.
With what is happening in the world, I think the drop is almost on its way. Of course, this is just a hypothesis as no one knows what is really going to happen.
For more details please zoom in for SL and TP...
... hold here to regain the monthly trend line, this can be classed as deviation and optimum entry for continuation up and beyond.
failing here with global factors like covid could serve a crushing blow to the dollar, will the fed allow it -- naaaa
In my opinion, AutoZone is overvalued and the company's balance sheet is problematic. (Current liabilities are greater than current assets, giving the stock a negative book value per share.) However, the book value is bad partly because management has opted to buy back shares rather than pay debts, which is good for share holders and for the stock price even if...
As we can see on the chart we have broken through the upward channel and we are ready for a correction. The correction on theory should have the TP1 target, but I think there is something else that could be going on. I have the following fundamental reasons for thinking that we will see much deeper drop:
- The elections are comming in America and this creates a...
Since Nov 2019, I have been observing for signs of reversal of US Economy. Sep 03 2020, Thursday, appears to mark the beginning of ‘another Great Recession’ in American Economy. Just don’t know if this is a Global Recession/Depression, just hope not! Now here, I am not trying to convince anyone, but just trying to look for confirmation or correction from esteemed...
Few patterns are forming on the chart
1. we are trading inside a possible Broadening Wedge & about to hit R2 resistance on monthly charts hence looking to enter short position.
2. RSI Divergence -
look on the left, see what happened back in 2019
elections are coming up in November so i think market will top out around...
I feel the inability for GBPUSD to break through the 1.315 level means it looks fairly exhausted and i'm expecting a drop in the coming weeks to 1.2760 or thereabouts. If it wasn't for the USD being tragically weak at the moment i believe this would happen sooner rather than later. The UK economy is officially doomed for now, the US not so far behind. Lets see how...
Inflation is erosion of the dollars buying power: ( when consumer prices are changing (rising) faster than the value of the dollar.) One way to quantify this is the ratio between the Dollar (DXY) and CPI (the Consumer Price Index). A decrease in this ratio is consistent with the concept of inflation
As of August 9th 2020 two analysis below (A & B) show** the...
Tech is clearly a bigger part of the real economy (GDP) today compared to 20 years ago, but even with that in mind this market is in the Stratosphere.
Will everyone keep buying no matter the price because TINA (There is no alternative) due to artificially low interest rates. Do recessionary conditions in the broad economy no longer matter? Do business...