FAZ weekly chart presented and comparing last two price run ups to current condition.
AO appears to want to go positive. See chart for price reaction last two times this occurred on the weekly.
RSI bouncing off 18 month low with harmonics generally supporting a turn soon. Plenty of upward room for the stoch, but it does appear to be faltering a little...
It has become clear that global indices will collapse dragging entire stock markets with them could this be the end of days?
could this be a repeat of 2007 - 2008
commodities markets will collapse
Certain G7 FX markets will rise exponentially then later collapse
The coming great reset seems not so far away -
do I agree with this notion that could potentially...
Daily rolling over looking for a pull back. We have higher lows
Weekly still way down their turning up some needs get above 30%
staying long small shares needs get above that 50 day MA hold I will add
Walks like a bottom, lets see if it talks like a bottom tomorrow - last trading of day in May.
If Wave E and A end up approximately equal Wave E hits the lower Fib. My guess is Wave E won't complete until sometime next week, but you never know.
And Woodies CCI getting frisky with a couple recent pops over 250. Look out above FAZ.
This is my long term swing trade
Daily not bad stoch up vol up, just short covering
Still more sellers than buyers
Weekly trying turn up some
I do believe banks will rally more , I just want a hedge
and I like it.
Resistance is 27.55
It is a long term trade but does not mean I don't take some profits when their, along the way.
But I always stay in...