It's almost time to see if the market want's to continue this rally or reverse off the previous top.
The month of August is going to be a hot time to make some big boy decisions for your portfolio.
3391 keep your eyes on it and watch that trend. Stay patient.
SPXU is a very complex financial instrument and you should never trade this. It goes up when the market goes down. It resets everyday, unlike the VIX which functions more like a traditional stock.
Honestly I don't even know how to chart this thing as it seems to function similar to a logarithmic scale but man look at that upside!
There's barely any details on...
The mother of all indicators of overall market health is the SP500. The market has finally retraced to the .618 levels after the initial market drop during Feb and March, now what? The formation and reaction to this pattern tells us that we are probably going to be heading down for a larger fall than I have indicated for our first target. We could see a...
I have strong beliefs that the SPX will decorrelate from the cryptocurrency market in future
Potentially when this bearish megaphone breaks down, and the 1.618 bearish wave resumes.
disruptive technology like this carries revolutionary potential, and should be treated as such
Super mario world!
HERE WE GO LADIES & GENTS - PLEASE REFER TO MY OLDER POSTS AS WE HAVE BEEN ANTICIPATING THIS DROP.
Jerome's dumbass will soon probably load the wrong kind of paper in the printer resulting in a fire that will take a couple of days/weeks to extinguish.
More than enough time to liquidate SPXU // SPY Puts.
Big swings to come, get ready.
PAY CLOSE ATTENTION...
Believe it or not, this is the cleanest count in the S&P 500 futures. The second W2 didn't even reach the 0.236 which is quite doubtful, especially below such a potentially strong resistance. Are we hyper bullish? I don't think so but this market is capable of anything and may want to pump at each pretext (covid19 vaccine rumour like last night, tweet, etc.). Of...
Market has been full of itself this entire rally. The Elliott Tsunami Wave is coming.
Consolidation period, momentum slowdown, horrible fundamentals, there is no way around the inevitable - the markets will decline further.
Before you know it, we'll be squabbling about calling the bottom.
Another crash is coming. The bottom is not in yet. We will likely see a test of the lows in the next two weeks and the a much larger counter trend rally that could go into July. However, if we drop below the 2000 area on SPX with the next wave of selling the door is open for a bigger drop right here and now. My guess is that we get a tradable bottom in the next...
Iceberg. Similar to the Titanic the US Economy has been struck by a foreign object, one that posses a serious threat.
Brief signs of optimism from the lowering of emergency boats (stimulus) have the doomed passengers (investors) feeling hopeful.
The common-folk will be hurt the hardest. The world will change forever.
293 is possible, but my short bias remains.