Is The US market crash coming ?
We have 3 types of “crashes”
Correction <15% downward movement in a major indicy
Bear Market <20% downward movement in a major indicy
Black Swan event, something very unexpected that tanks the market, think 1987, 1929, challenger disaster, 911 and so on.
The fourth type is the 1919, 1929, 1999 and 2008 scenario that people...
huge earnings this week. i think they will be decent, if their bad forget it and we go lower.
i just drew some random candles to show my general idea of what it may look like.
TOMORROW -i think we gap down. then maybe bounce mid day.
Then the feds are going to announce their rate hike decisions. i think we bounce to this 435-436 then REJECT when the may 4th...
HEY GUYS, I HOPE YOU'RE ALL DOING WELL.
this is my general outlook on the market i am currently bullish on the stocks market and looking to buy the dips as far as i can see a retracement is due in both indexes and some profit taking so that happens this is my plan of attack keep in mind that this is an idea a plan in a uncertain chaotic environment out of multiple...
Last week the market tricked us into closing longs prematurely and opening shorts. What makes it more painful is that we had this scenario in our cards - - the blue one. Now we are back to blue scenario - thinking that we have just completed (or about to complete) wave c of the triangle.
A short-term interpretation of possible alternatives. It is also possible that the triangle is already completed. However, I prefer to stick to the red count. The blue one looks more organic on the daily chart, however it is too risky to bet on it now.
$XBI Key Levels, Analysis & Targets - Request
Ok, @FlashingGraphs so these would be my targets fo XBI. It sounds like you don’t have an open position yet… I would start around 78.06.
Then if it keeps selling off, then double your position at 62.94
And if it still continues then double again at 45.89. If those 3 hit then you can expect a solid 50% swing from...
The price has violated our previous take with a small scale triangle in wave c. The main picture remains unchanged - we are likely to be in wave x which can take the shape of a triangle.
SP500 indicates that further downside is possible until the market reverses. in a few days, I expect more clarity with either wave b having taken shape or evidence that wave c is done and the local bottom is formed.
Time for the update on the US markets. Those who follow me know that my analysis disregards any fundamental information or news and is based purely on a technical picture.
Despite the turmoil in the markets, next week we can see a bounce in US stocks. This is not a trading idea as it goes against the trend and there is no tradable pattern formed yet (at least...
SPDR Gold Shares Trust (USA: $GLD) holds gold bars and from time to time, issues Baskets in exchange for deposits of gold and distributes gold in connection with redemptions of Baskets. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust expenses. The Sponsor believes that, for many...
Possible DOJI candle reaction - October & December had continuations off this though set up is slightly different. Fed minutes tomorrow & Russia tensions rising. Will play a factor.
Here comes the update for Nasdaq. Closed 50%+ of shorts following Friday's drop. Anticipating a bounce next week in wave x which is likely to come out choppy. As a general rule I do not trade countertrend bounces (especially wave x), it is better to wait until wave x is completed and reenter shorts.
What does the Trend Say?
Part of the Weekly Update, to be followed by the big picture.
The market continues to move in what I consider to be x of wxy of wave 2 of ... whatever. Wave x can take many shapes and what is indicated on the chart is a possibility, not a forecast. Currently, there is no high probability setup. We keep holding the assumption that the...
