Vix had a big rise to the upside today, this move could signal a potential market correction on the stock market. Durring time of financial stress or high volatility VIX rises when it goes up shows as an increase investors fear. Today we have a big GAP to the upisde another gap that look like this one is on february 24 2020 when all the covid lockdowns started and...
I've been talking about a longer term bear market for equities for three years now, yet markets continue up. Everyone calling for a big crash keeps getting mocked. This actually happened prior to 1929 - many people kept on warning of a crash, but things just kept going up up up.
Anyway, on the top, you can see the Dow Jones divided by M2 (cash). On the bottom,...
What's interesting is IWM looks bullish, while SPY appears bearish to me in the short term.
They never make it easy, and with big numbers coming out (GDP, Jobless Claims, Oil/NG inventories, etc.) tomorrow we could see a pop then a drop. Bearish divergence leads me to be bias towards 456 zone in the next 1-5 trading days similar to May 4/5 price action.
Hello friends, today I am reviewing the yearly linear scale chart for S&P 500 Index (SPX).
In the chart I noted:
1) The price has been rising consistently since 1989-1990 with the price moving up in an Arc Pattern since 2009.
2) The price touched the Arc trendline in 2009 and again in 2020. If the price comes down to touch the Arc trendline in 2022, that would...
Bitfarms Ltd owns and operates blockchain farms that power the global decentralized financial economy. It provides computing power to crypto currency networks such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash, earning fees from each network for securing and processing transactions. The company was founded on October 11 2018 and is headquartered in...
If the fractal continues to closely repeat, the Dow Jones could rise to 50k and then drop to 5k, all within the next 5 years! Sounds insane, but people in stocks have seen nothing but gains for the last decades. That's an enormous amount of generational wealth.
I like to think of the market as a breathing organism holding its breath for longer and longer. At...
hey yall ,
here we are with AMC , elliott waves are drawn on the chart , so as you can see , the fifth wave hasn't been started yet and we're waiting for it . now we are in the 4th wave (correction wave) and price has made a triangle like the way it did in the wave 2 (correction wave) . the Entry zone is exactly above the triangle cause breaking above...
Elon Musk is looking to sell a portion of his Tesla stock. So what will the stock look like for the upcoming days - months.
I took the prior fractal and matched it with the current market price. TSLA gets back into the channel it has been in since early 2020.
Yahoo Finance Article: finance.yahoo.com
Good ER, broke above mental resistance $150.00. seems to be forming a base. above $152.45 and i'm seeing $155.77 (VPOC) overall move would be to $185.71.
short term targets are $155.77, $156.92, $158.64, $161.62, $164.24, $171.51 (POC)
●● Mine scenario
We successfully predicted the growth of the fifth wave after the triangle ((iv)) and the subsequent decline within the wave 4 , which, based on the norm of alternation, is still expected in the form of a triangle.
Screenshot of actual chart added below. This is cut down version of original chart that predicted our last US stock market crash. Notice every time we make contact with an orange ring we get a major rejection. Our last crash took place in March 2020 when we topped out at orange ring and crossed next fib channel line. The current setup looks almost identical to our...
After Jan 19 the priceline of FTSE100 GBP is hitting the support of up channel.
The price action has also support of 100MA and 200MA.
There is also a golden cross formation expected beneath the candle sticks which will produce a massive bullish divergence insha Allah.
I have used Fibonacci sequence for sell targets as below:
Sell between: 650.3 to...
It is important to follow the chart pattern, it might give you the best entry and exit without the use of many indicators with higher chances of winning trades.
Look at the pattern I have drawn from the 1st of October 2021 to now, I hope this might help you in your analysis.
Today I am reviewing the 1D (daily) chart for Robinhood (HOOD) on a linear scale.
In the chart I noted:
1) The price is shown inside a parallel channel since August 2021 when the the price had a major drop.
2) I am showing a prior fractal as noted in the red oval for the upcoming price. The fractal top price of $37.62 is in line with significant resistance as...