Just before I talk about this trade, just a fair warning that the British Elections are this week on Thursday December 12th. So a high risk event, and will be dominated by Brexit promises. I have spoken about how Central Banks in the Western world are stuck, and they are now attempting to maintain confidence in the system. They want to go back to easing and QE...
I think we're about to end a 90 year cycle for global markets, meaning that we could get a crash similar in magnitude to the Great Depression. There are just too many technical sell signals to ignore, and fundamentally there is no reason for the market to continue rising if data shows that growth is slowing down. Both indexes are well above their long term trends,...
We have a truly massive bearish divergence on both the weekly RSI and Ultimate Oscillator for the S & P 500. Marked on this chart are moments where SPY broke its all-time-high and confirmed further upside without a divergence (yellow). In pink, I also marked where SPY printed a failed breakout and entered bearish territory shortly thereafter. While I think we...
Here we see a monthly chart. Notice the stochastics at an extreme high. When this breaks it's going to break big. See me on my YouTube Channel.
To be added to my earlier publication wherein I explain to expect a stock rally followed by a larger stock market crash is a stock buying cycle locked up inside an ascending triangle. This particular set of conditions has lead to sudden stock rally and drop of DXY halfway the month of June. We could expect to see a similar cause and effect from current date...
From 10-8-2019 CNBC Article The father of the yield curve indicator says now is the time to prepare for a recession. The yield for the 3-month Treasury has been above the 10-year since May, a condition known as an inverted yield curve that has predicted the past seven recessions. “This is the time where you need to reflect upon your strategy." “It’s way...
With recent news on Facebook's encryption scandal and more rocky fundamentals, I do have a bearish view on this stock. As a trader I cannot marry my bias so I will only trade what my technical's tell me in the end which is why I am neutral in this analysis. If price breaks above 206.00, then I will enter long to the next resistance around 240.00. If price falls...
In the times of crisis, it has been recorded in history that people stock up on Gold in fear that their economies are crashing or some global event is taking place. Gold has been rallying for over a year now and I do not see momentum slowing anytime soon. I will enter long shortly, but waiting for a solid break above 1550.00 before entering. If price falls below...
Broke down the wedge, Looks ready to trend down.
TSLA is in a retest of the prior short-term lows that may develop into an intermediate-term bottom if the support of the low holds. With October the most common month for a Stock Market crash, low support levels become a critical factor for this stock.
Each time the Yield Curve (DGS10-DGS2) un-inverts; the stock market crashes and we have a "Crisis". Keeping my eyes on it.
Posting this AMZN short setup in advance of the market open for Monday August 26th 2019. We already have a red futures - this almost always indicates an initial selloff. Sometimes the market bounces back after this initial selloff, but so many equities are in such precarious technical positions that they may not be able to withstand the selling volume from traders...
Elliot wave patterns always move in the same specific way. In a 5 wave pattern which will inevitably be followed by an ABC correction. The textbook example of the pattern is shown right below the monthly Dow Jones Chart. The Dow Jones is a compilation of the top 30 stocks. A crash in the majority of these stocks would rock the global economy in ways that we have...
This is a once a century setup. You don't get such massive divergences caused by primarily inflows from corporate debt fueled stock market inflows. Soon the corporate debt bubble will burst in the high-yield sector and this may be the catalyst for a 50-65% very quick selloff.
I am looking for Market to break and retest 25876, which is where i'll be entering for a sell!
The volatility in gold and oil will tear the market to shreds!
VERTICAL VIEW of my previous post. Watch ISM declining data. If it continues to decline, recession is imminent as shown by the values on the chart and correlations to past market moves.