Where do you guys see this going long term? Option A or B?
I am in the middle of reading this book and decided to put it all together on a chart to visualize every cycle at the same time and share it with you. I see now why the 1929 crash was so devastating, all waves were pointing downward.
Macro-economic Overview Essentially, it’s looking like the bear market is becoming more probable month after month. Tons of macro-economic bearish signals: Euro economies taking hits (Germany narrowly avoided a recession last quarter but has seen 0 growth; UK recession looming as well especially w/ no Brexit deal) We’re currently in the longest US economic...
Normally, I keep my trading and analyses to crypto, but this Dow Jones setup looks too good to ignore. Factoring in all of the bearish signs from fundamental analysis (rising interest rates, rising unemployment, slumping retail sales, and gov't shutdown), it's tough to argue that the stock market will break the previous high. Triple top formation is possible. I'm...
T1: $172 T2: 173 T3:$177 QQQ can go no further than $177. Warning: 2015-2016 prices incoming Correction will not be as deep as 2008, rather look sideways in comparison. 30%-50% downside from close. Worst risk reward I’ve ever seen (started in 2016)
Since I'm lazy, here's what I said on twitter: "Due to the stock market opening lower than it closed yesterday, this chart that takes into account the average price of #bitcoin against the sum of $DJI $NDX and $SPX opened exactly at the 200 day moving average, rising as the day progresses... A $BTC target ~$13k based on this" I've been noticing clear inverse...
If we look at SPX chart, we can see the bear market just interrupted by some up movement For the intermediate term, we can see 2690 price area as potential resistance level If the SPX price can't break that level, the bear market continues Next support possibilities are 2540, 2420, 2280 price level Furthermore, it's possible for SPX down into deep level, such...
The bat pattern has already been completed. Expect price to move towards targets.
Here's another bearish tech analysis. This one is brief. It's pretty clear what the setup is. Either we have a double top, or we drop from here. Either way, once we drop below the recent low of around 93.67, we will most likely head straight down towards my target at the red "X," between $50 and $57. That's the only support level we have below. What's pretty scary...
Intraday target: $160 Long-term target: $100
Intraday target: $160 Long-term target: $100
Intraday target: $165 Long-term target: $100
The market is telegraphing, it’s letting us know how it is feeling and I can assure you the feeling is not one of joy. One of the stocks that is looking sick at the moment is AMZN. I am expecting to see a BIG drop in the near future that should bring AMZN down to the $1200’s and the UGLY part of this prediction…. This is not going to be the bottom!
I think the graph has enough information... We will see... Next Rally in Dow Jones should be the result of USD printing in the economy, not allowing the stock market to crash. Get ready to witness the longest bull rally in history... Lets see.. what times brings in
Intraday target: $172.30 Long-term target: $100