ETH session, market has been trading around Fib levels. Any test of Fibonacci 50% Level could provide direction for the day. Level to watch 4655 --- 4653
3 Other time we got our selves in the same or close situation.
Only twice we got such readings since Covid's low.
According to this chart the altcoin market cap will reach a valuation just shy of 3 Trillion dollar in the next 12-24 months.
Summary: Inflation data caused selling in bond and equity markets while investors kept an eye on a possible default from China's Evergrande. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wednesday, November 10, 2021 Facts: -1.66%, Volume...
September of 1990 @6.16 October of 1990 @ 6.27 November of 1990 @ 6.29 20% correction while printing these high numbers !!! --------------------------------- July of 2008 5.6 % Up 9.39 % in 4 weeks Down after that 49% ! while crashing + lower inflation numbers !!!
This indicator is going back to top lands, nothing is supporting it's claim so far just one piece of the puzzle uncovered !!!
Where to from here we will discover shortly. By Wednesday we will have an Overthrow, Decline, Consolidation. It should break in the next 36 hours. Inflation Data this morning @ 8 AM EST. ___________________________________________ VIX broke its Micro SELL. Roll begins today, Settle next Wednesday. ___________________________________________ Trade Safe, be patient.
The S&P 500 looks set to repeat the trend which unfolded last November. Back then price formed an area of consolidation from September and this also occurred this September as well. When we notice patterns in the market, we need to pay attention because it will provide us with an advantage and give us an edge that could prove very profitable. Following the area...
Currently, market is trading below yesterday's Low and a rally stalled about yesterday's Close. Any test of yesterday's Close could provide direction for the day. Level to watch 4668 --- 4666 Reports to watch: US: EIA Petroleum Status Report 10:30 AM ET US: EIA Natural Gas Report 12:00 PM ET
Idea for Credit: - Stocks had a bit of a reprieve as China's collapsing property firms were halted for 2 weeks, and China's markets had gone on holiday for Golden week. - Stock market had an unwinding of hedges last week, but are things really 'Back to Normal'? - The bond market does not think so, and seems to be presaging more drawdown to come. - EM High Yield...
Today we will speak about GE. Why? because it's on a situation that from a technical perspective is BEAUTIFUL. Let's check those items: 1) Massive range that started in 2019 and was broken on March 2021. Remember that classical chart patterns tell us that when we have a range, we can calculate the minimum target extending the size of it above or below the...
Summary: Producer Price Index data confirmed fears of continued high inflation for the month of October. We already expected indexes to pull back after a long streak of daily gains, but the inflation worries helped solidify the trend reversal. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline...
The H&S confirmation continued and a 2 hour downtrend has initiated.
101 Fork analysis. -2ed Line of the fork is so strong since the beginning of this year.
4152 is our Max target if and only if we break out of this triangle !!! -Un-shakable trend
Before May 2020, M2 consists of M1 plus (1) savings deposits (including money market deposit accounts); (2) small-denomination time deposits (time deposits in amounts of less than $100,000) less individual retirement account (IRA) and Keogh balances at depository institutions; and (3) balances in retail money market funds (MMFs) less IRA and Keogh balances at...