i don't call this a top but , a sharp drop is likely to happen in 2021 ,
but i don't think it will be something like great recession , great depression , economic collapse etc...
slower but strong recovery can follow that drop too.
the previous forecasts are completed in expanded...
i think equity markets will run for all time highs.
we might see some sharp bullbacks in short term trades , but overall bigger picture still looking bullish to me.
watch for big dump if SPX overshoots up to 4000-4200 range.
Shalom Wadu Community,
In this Video we went over the UNEXPECTED BULLISHNESS that we have experienced within this past 2 weeks on this market. We Bounced up at Weekly support much higher than expected bringing us to the conclusion, it is likely possible we can see a NEW ATH on the S&P. There is a Valid Buy Setup Support at/around 3430-3440. In addition,...
Hey All Fellow Traders, Teachers, Students,
Here We Are Looking at Nasdaq100 on the 4 Hour Timeframe, with a Bullish Convergence taking place for this week ! We are looking a Great W Structure in the 4 hour, giving rise to great buyers momentum for this week! (In the Longer Term Months down the line I do expect a bigger move to the downside coming) But for...
Hey All Fellow Traders, Teachers, Students,
Here We are looking at USOIL under Higher Time Frames Bearish Structure , and HEAVY SELLING PRESSURE! After Covid 19 Plummeted the Price back in March 2020 it was hard to see USOIL something as even slightly bullish. Although we made a nice retracement back up into the mid 30s levels, we will not last here for long...
I previously posted a bear case for S&P 500, though it seems to be playing out well, I am more convinced that we have another wave to complete before we go completely bear. See related links for previous S&P 500 forecasts.
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This is what i am expecting to see. This is the daily chart and i think this can go up to end of September. However, if it doesn't work until mid Sept, then we need to update the trend.
My ES target is $2500 but it's up to economy and covid.
This is not a financial or investment advice.
🔸 China Macro Flows 🔸
The point of this configuration is that CNH is influencing the currency, equity and commodity board that can be seen in AUDUSD, NZDUSD, OIL, Gold and everything in-between...USD's cannot make any use of the Yuan devaluation and this has been a threat ever since Saudi unlocked the CNY oil contract.
For those tracking the Long-term Macro...
A highly interesting move, the necessary preparation for the counter swing. Sellers are aiming to complete the ABC sequence and ideally sweep the lows into 2020 Elections. The main feature of interest to us is the role played by the latest protests and virus cases ticking higher. A "second wave" will act as another strong post / blockader between consumer...
These turbulent swings in Price is exactly why we book profits when we hit new levels. Manage your exposure - Trade smart, comment if where you think we are headed next for the DOW!
![OXY: [OXY] OCCIDENTAL PETROLEUM BUY SETUP](https://s3.tradingview.com/g/gZGruCIX_mid.png "[OXY] OCCIDENTAL PETROLEUM BUY SETUP")
