VTI looks to be forming a double bottom. Need to keep a watch to see if it can hold. If it does and breaks above the line, will be bullish.
Boomers can blow up the market anytime they decide to stampede. Watch the volume on this one to gauge the retail fear. Vanguard moves the market. When people start logging into their IRA's and 401ks and dumping Vanguard Index Funds the market falls. Period.
US indices and most stocks are now trading at areas that make little rational sense for them to remain at without there being big corrections. The questions at this point are when and how big are the corrections to be. VTI is trading slightly above the 1.61 projection of the 2018 fall. Above this area is where I get most interested in selling, but it is also a ...
After the price has broken through the first support level there are two bull moves setting up selling opportunities. Once price has broken back through the support level price falls a bit over 10% in the following weeks of trading. Support it then found and price turns rapidly from the second support level.
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My custom indictor is suggesting we've reached a zombie new high in the general markets and this indicator has reached highs equal to levels near December 2017. My interpretation of this peak is that the market could continue to try to push a bit higher - but overall this level has historically been an extreme overbought level and the markets have typically...
What do you think? For any of you that follow my research, you'll understand that this chart (including the projected down arrow) would indicate a complete collapse of the Global captital markets and present a "washout" of valuations across the world. Could it happen - you bet. Will it happen - unknown at this time. My research suggests a down trend will...
pattern completion zones.
We can see the reverse head&shoulders formation started in January of 2018 has been now completed the first shoulder and head. Right now, we are in the beginning phase of second shoulder formation. Most probably by January 2020, reverse head&shoulders formation will be completed and the value will test 162 which is the resistance of uptrend started in 2018. Also...
Hi all, We are here analyzing VTI one of my favorite ETFs. from the technical I can see a wave 1 elliot so we should expect a fall at least up to level 61.8 to then return to the upside
Recently broke out of it's all time high, might consolidate a bit to let the moving average catch up before rallying again.
If weekly close is above inner-most volatility band - Market is in a Bullish Trend If weekly close is inside the inner-most volatility band - Market is in a Transition If weekly close is bellow the inner-most volatility band - Market is in a Bearish Trend Credit: Mike Turner