Macro Monday 26
Global Index’s Breaking Out
As its Christmas Eve I wanted to do an early release for tomorrow and share something positive and Christmassy but at the same time share something of value, so here is a look at some of the major global ETF index’s and how promising they appear towards the end of 2023. A clear sector stands out.
Vanguard Total...
The chart posted shows me that we have been in only a BEAR MARKET Rally we have days left within this structure see 1968 1973 As I have stated bear market AVG 2.5 to 3.25 years
While there are so many things to talk about as to what is going on in the world economy that I could talk about it would take a book to explain it all. Every week we hear about another economy weakening and yet stocks have risen. However, this seems to be ending according to this chart.
The next couple of weeks will be very very important.
CAUTION! is in...
There’s a ripe inverse head and shoulders pattern on the Vanguard Total World Stock Index ETF. It would appear the index is poised to reach the previous all-time high which is the first target. The 2nd target is the price objective of the H&S pattern. I believe the chart is fairly self explanatory so I won’t belabor this description. Please feel free to ask...
Weekly charts of $PX (top) vs. VT (Vanguard Total World Index - bottom) – fun fact
Generally they move in tandem but there are times when they do not. Just before pandemic sell off and the beginning of the current bear market, $SPX made a higher high but not by $VT (negative divergence), leading to a decline in $SPX
Now, the opposite is happening - VT made a...
THIS IS A VERY BIG PATTERN!!! SOME WOULD SAY THE BIGGEST!!
front run 75 psychological & 618 & run on july through october lows& H&S Target 77
But don't worry its prolly fine WAGMI that TA hocus pocus doesn't work🤣🤡
The VT which tracks global indexes is showing clear signs that the global market is rolling over to the downside. The end of this decline is around the $79-83 price range. With geopolitical and inflation concerns, we could reach this buy zone quickly. At that point, there will be a lot of stocks at a great discount.
VT has broken under the 161. This is the most common signal a top having been made in the history of major market crashes. This is the scariest chart I've seen. Didn't think of checking this one until today. Is not an good sign.
It's finished. we see bullish signs but it is not enough the world is upside down and so will the markets be once they catch up to reality.
AMEX:VT
CRYPTOCAP:TOTAL
COINBASE:BTCUSD
AMEX:VTI
AMEX:SPY
OANDA:XAGUSD
OANDA:XAUUSD
TVC:USOIL
FOREXCOM:USDRUB
OANDA:USDCNH
SP:SPX
CURRENCYCOM:US100
We are about to see a new up leg into record highs in what should be a fast up thrust WAVE 2 was a flat and wave 4 is a triangle up Elliot WAVE STRUCTURE this a CLASSIC 4th WAVE under rules of alternation .Therefore I maintain will see an final 5th wave up to just outside the monthly bb at 2% above the bands to end the BULL MARKET FROM MARCH LOW2020
This is showing that some graves are being prepared. These 2 extremely perfect crosses indicate a huge danger in the world's stock market. Be prepared.
The VT is the total world stock market, and it seems is a Head & Shoulders pattern is forming.
If this happens to be accurate, we will witness a huge top and a bearish 2022. Let’s watch.
Again looks toppy
What a surprise lol
Can take time
Log chart with an Andrews pitchfork off major pivots
Bearish divergence building
TRADE AT YOUR OWN RISK
