As you can see on the chart, The US stock market has formed a double top... Which is bearish. As Dow Jones broke the strong turquoise line support and the 200 daily moving average (pink line), the odds are for a continuation of the pull back all the way down to the February low on the yellow support line. Stay tuned for more updates, Fred
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
Looks like SPX may have a triple top which is bearish. We may test the previous lows and if we break those lows, triple top will be confirmed and we're going down. Any thoughts? Happy to learn..
Symmetrical triangle, a continuation pattern. So we clearly failed not only to reach the recent 2815 resistance, but also the March 2018 resistance of 2800. Next we go down to support from late April/early May. Play the triangle. Until we see a breach of the triangle (should be down), enjoy the swings.
So far, we have seen the #S&P500 rally over 130 points this past week, from the chart, could we have a low in? Sentiment was very #bearish on the social media front, but the chart was telling you...maybe we either take a breather or we have ended our bearish bias. Time will tell. I am still a believer that we get 3,000 #SPX, we'll see, at this moment eyes on the...
1H ANALYSIS STOCK MARKET GOOGLE AND AMAZON EDUCATIONAL PURPOSE ONLY
Hello, I spotted an inconsistence in "the force". Some stocks that have gone down because of the US stock market being bearish in novmber. The news were positive, the company was supposed to be bullish in my opinion, but the general fear due to us tech stocks being way overvalued has forced this company in particular to fall. I am expecting a severe bounce...
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
Here's Bitcoin compared to Stock Markets. As you can see, almost every major drop of DJI/S&P500 has caused a sell-off in Bitcoin, while it stays flat most of the time as stocks go up. Right now Bitcoin is falling in sync with the stock market. In the beginning of the year every major move down of DXY has lead to a down trend in Bitcoin, now it has more of a...
Let's take a look on Amazon long term log chart.
S&P500 looks ready to TOPPLE OVER hard! #AbandonShip
Fine Organic is sitting on right position to buy...
This is unusual for us to analyse the S&P500 since our expertise is in the crypto space, but since the last S&P500 minor crash interfere with our bitcoin prediction, and ruined nearly two months of perfect accuracy( imgur.com ) we had to come and check how serious this really is. A another chart will be released soon of today's in the comments 16% explanation...
In this chart we see a reversal rising wedge after a nice uptrend and pump also they need a retracement becouse: -Stoch 1D is hardly overbought and also there we have a confirmed bearish divergence -RSI 61.27 is bullish but near overbought zone -Macd still positive near overbought zone also -Volume still going down which is a bearish sign -This rising wedge also...
We doubt that there will be much bear move at this point, but we shall continue monitoring the price movement before making any decisions. Dow fell last week and got some price rebound off the supply zone. Yesterday, we saw it moved around 300 points which was more than what we expected. At this point, we still have a slight bull bias in the near term but it...
End of a market cycle, higher inflation, interest rates hike are inevitable, Bond yield will be higher than stocks dividends soon... Stocks could continue it's bull run for a while, however I think we really are on the top of the current economic cycle and the whole stock market could eventually drop significantly lower. And I'm not even talking about the China...
Hey guys! So today I'm taking a look at the European market, more precisely the German stock market and this is not looking so good now. Since Germany is the economic power of Europe, we can rely on this index (DAX) to know what's up with the European stock market. After the Dow Jones index or the S&P 500 index, my favorite one to take a look at the western...
But before we have to spot the bottom. Cybersecurity is the big actual/ next thing. all what goes with cybersecurity is to watch with real attention. I have great feelings and I know that with kudelski one day we will be togheter on the top spraying in the air a bottle of dom perignon. The road for the top, goes through the bottom. My impression is that 5.30...