Welcome to the first of my macro market ideas. My goal is to have a post for each market sector to give you a long term perspective of the given asset class, so that you are able to drill down to smaller time frames and make wise and calculated trades. The Dow Jones Industrial Average has market data on TradingView going all the way back to 1915. Since the Dow...
See chart for details, If trendline remains in tact we should be seeing 18k lows again soon
Hi, Do be honest, I discovered this "pattern" at the beginning of January and I presented this at the local conference of investment. At this time I didn't know it could happen SO fast, it was just a simple coincidence, but now it has come reality - the price of SP500 has started to approach super-aggressively old strong resistance levels which now becomes...
It couldn't' break first fibonacci level and rsi 50. It is going down for double bottom?
The past week has so far been considered the most eventful of the last few months. And the point is not even in the number of new events that took place, but in the price dynamics in the financial markets. One of the strongest drops in the US stock market in history (during the week Nasdaq lost up to 15% of its capitalization), the Fear Index grew almost three...
The 1.5-year-old declining resistance line (magenta) has proven too strong for the 4 year rising support (blue) which was broken just last week due to the record drop in the US indices. The drop was due to a combination of a market that had been overzealous and priced to perfection in an increasingly deteriorating economic environment. The coronavirus certainly...
Hi Guys, in absolute terms, VIX values greater than 30 are generally linked to a large volatility resulting from increased uncertainty, risk and investors’ fear. VIX values below 20 generally correspond to stable, stress-free periods in the markets. www.investopedia.com Since the beginning of the 2007-2008 Financial Crisis, VIX exceeded 30 level during the...
Philip Morris International STOCK PLZ FOLLOW MY TWITTER
Simple head and shoulders pattern. May lead to a correction in stocks, but too soon to tell. Certainly a correction is coming unless the Fed pumps the market with so much liquidity they are forced to buy the dips!
On October 19, 1987, the United States stock market fell the most in its entire history. The Dow Jones Index lost almost 23%. This event went down in history as “Black Monday”. For traders and investors, this event became a kind of guideline when the situation develops according to the scenario “there is nowhere worse”. Formally, that Monday was not much...
Maybe, Maybe not. Just drawing chARTs
Long trades on GCG based on head and shoulder pattern
Pay attention. Multiple Fibonacci price amplitude arcs are setting up for what could be a massive downside price correction. This could be as big as 15 to 25% or more. We'll have to see how this sets up - but I believe a large price rotation is setting up and I believe it could be tied to a fresh round of defaults across the globe related to early 2020 debt...
What if we are looking at running triangle? wave E = 61.8% of wave C. after DJI reached this approximate level, it energetically bounced back regaining 26000. Facebook FB already stopped falling yesterday. the exact same pattern occurred on December, 26, 2018. this is the main alternative to DJI Big Short idea, which is presented in publication "DJI darkest times...
The price of the index repeated its negative closures below the stable barrier at 3030.00, increasing the chances of forming a corrective bearish trading during the short and medium period. Changing the negative trend requires the price to rally upwards, exceeding the extension of the historical resistance and currently stable at 3030 and open that door to target...
The way I see the NQ it has been in this ascending triangle bouncing of the orange trend creating higher lows, and failing to break 7980 resistance. Has been coiling up for a good couple months now and looking at the wedge I don't think there is much more time before we see a break 1-2 months max. Momentum is positive on the weekly however is looking a bit exhausted.
Look for the SPX to trade rangebound between 2960 and 2880 for 2 to 3 weeks, followed by a significant move either to the upside or downside. Its too early to tell which way the move will resolve, so be watching closely. My bias is towards the downside, specifically towards the trend-line at 2790, but considering the amount of liquidity the Fed has already...