Bear flag created and more drops, my analysis had been created of more drop , more breakouts. Experts still expecting to down lower down to 10K so the price will pressure up to go higher. Even so the White House warned about the inflation are going highly elevated , inflation and recession are going a lot worse. This is when to buy .. 10K area anywhere around...
Bitcoin miners shit off the rigs since Texas power grids even so heat wave threatens grid rolling blackouts but there’s more.. The recession had gone worse and pushing the weigh as the inflation stilll marks the risk to go higher, while the red and still pushing the chains to high up the rates of the inflation. As so Wall St, expects bitcoin and all other crypto...
There is literally nothing good seeing #Euro and #USD reaching parity. Clearly, and despite the roughly same volume at each top, the 6-year-double top is no joke. Especially considering the fact that its fueling the violation of a major round-numbered multi-year support right at this moment. Most probably if not sure, Due to the fact that it takes longer to...
Hi Traders, New week new opportunities. I am currently looking at Facebook (Meta) for a False Breakout Setup. The most recent price action shows that price has created a resistance at 172.58 which has multiple attempts to break, I do believe that price will break the current resistance and meet with the real untested resistance at 176.0. If this does happen I...
The US 10-year yield has pulled back from 3.50% to 2.75%, which is a sizeable drop by any stretch of imagination. The Fed has clearly said its current focus is on price stability and with yesterday's employment numbers, there is still little reason to believe that fears of a so-called slowdown, or even worse - a recession, are showing up in high frequency data...
• April-June period prices were contained inside an ascending channel • After peaking in June, prices broke the channel support and started trading inside a bearish descending trend line • Long term support trend line holding since Dec 2021 still intact • As the worldwide economic picture is worsening, outlook is slowly turning negative for the oil's demand •...
While retiring after some decent gains during this whipsaw day, I thought I'd go over utilizing the Weekly trend indicator, and how that ended up during a recession vs the occasional downtrend signal. To recap the video if you don't feel like listening, the ONLY time a Weekly Downtrend Signal has occurred, and that index prices were lower when the Weekly Uptrend...
Interval: 4hrs Description: In this Recession Bear Scenario, we have 15% decline from the current 3889 S&P 500 levels. We could hit 3350 for S&P in one week.
INVERTED GRAPH> This isn't a shocker. It's well documented. But what is happening right now is interesting. When the stock market does better, unemployment falls. When the stock market does worse, unemployment grows. Right now, stocks have dropped but unemployment hasn't fallen. Guess what happens next? Peak unemployment will be near the end of the...
We have been seeing crazy trading success lately! SPY and the general etf and index market alone have been showing some struggle all day long. Today just market a huge double top on every time frame under the daily. This is crazy! This is confirmed by an ascending wedge pattern that looks beautiful on the hourly and 30-minute chart. If this isn't a double top,...
Showing the causation between new orders data and job opening data. When new orders fall, new jobs fall. RN, new orders have fallen. New jobs haven't fallen yet.
GDX seems to be doing a BIG UPCHANNEL started from the 2016 low & retested at the 2018 low. If this lower channel is to be retested, GDX may bottom at the 24 green zone. This is the most probable since this is also the 2016 VWAP & the FIB 0.618 retracement from 2016 low. However, if you look at the VOLUME PROFILE, then GDX may fall more to the 21 zone to create a...
S&P 500 index looks to be finding its footing. It just broke through the 20-day moving average with gusto. The 20-day MA is a good gauge for shorter-term momentum. This all hangs on being able to hold above the 20-day MA, if so, the next test will be at 3,978, which is approximately right where the downtrend line and the 50-day moving average meet. If it can...
The last time this pair dropped below parity, investors chose the CHF over the Euro. However, the SNB was worried about the deflationary aspects of such a move and acted to reverse the move. This time, the fundamentals are more or less the same or different depending on how you interpret it. The Euro zone investors are worried about the block tipping into a...
INVERTED GRAPH Unemployment rates in black. INVERTED Michigan consumer index in blue. As consumer sentiment falls, unemployment rises. Every. Time. The consumer index just fell to all-time lows. Unemployment hasn't risen. Either we have done something completely unique in the history of the stock market redefining how modern economics work... Or there's...
EUR/USD 🔼 GBP/USD 🔽 AUD/USD 🔼 USD/CAD 🔼 USD/JPY 🔽 USD/CHF 🔽 XAU 🔽 WTI 🔽 As the dollar remained strong, EUR/USD reached a 20-year low of 1.0160 on Wednesday. Amidst predictions of a local recession and an impending energy crisis, the shared currency is among the weakest. The GBP/USD exchange rate fluctuates about 1.1930, under pressure as the UK government...
It all comes down to Newton’s third law “what goes up must come down”. With the pressure of the federal reserve and the U.S. government doing what they can to hedge inflation. Oil is well on its way to a downtrend the Sp oil and gas exploration index will follow suit. Rising wedge has broken likely next move is down.
There is a bearish divergence in the 4-hour graph of the # BTCUSD , which could bring the price of bitcoin even lower, to 7K levels. For now, what seems is that we are in a Bull trap, and then fall even more, derived from the global financial crisis, uncertainty and possible economic depression that we are about to reach. All cryptocurrencies could fall at...