Bears and Bulls await for the "Great Reset" (or as the Fed might state: "financial accident") that will lead to the Fed Pivot.
The question is where (and when) will the pivot occur?
"Watch your step while peering into the abyss. The cliff edge is crumbling faster and is closer than we realize..."
Nothing stays bullish forever... Global markets cannot keep this rate of growth healthily.. A pullback from here would be the best case scenario in the long term, even if it meant a period of economic downturn..
Having a look at 3 of the major global indices, both individually & combined together, shows that from a simple TA point of view, we are nearing the...
Good luck for your trades.
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market.
But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Global Dow continues on its way down to new lows. In the shorter term view, it seems to have finished, or nearly so, minor counter-trend wave 2. The next move should be minor 3, where the most probable target is is below 370. If prices crosses up 418, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
W1DOW as reached the target range forecasted in our post of May 31 and reversed as predicted. It seems to have finished the minor corrective wave 2 and should soon be tracing minor wave 3 down with strong momentum. The probable target for the end of minor wave 3 should be below 370. If price crosses up 418, this analysis should be reviewed. FOLLOW SKYLINEPRO TO...
As forecasted in the April 7 post, Global Dow surpassed the target at 377 and just crossed the 0.618 retracement, typical of second waves. Intermediate wave C is tracing minute wave 3 up, therefore we may see a probable additional growth of 5% before the trend reverse in direction to new lows. A possible target is at around 410. If the index cross down 354.80 the...
Global Dow is currently tracing a counter trend move up at wave 2. The most probable target before the index follow the path to new lows is at 377. FOLLOW SKYLINEPRO TO GET UPDATES.
Global Dow is in the final stages of a primary wave down. After finishing, we may see a correction up and then a new long path down again in primary wave 3
Some nice things going on here with fib measurements fitting nicely and a parallel channel that is holding well. Personally, I like the blue count but I have included the red count to suggest a deeper correction could still happen.
Just adding a long term view - this index very much "respects" its trendlines. In other words, it shows classic signs of resistance, bouncing, etc off its important long term trends. This is important because it just broke below the 10 year support line after the GFC. This is potentially indicative of a new bear starting globally.
The Dow Jones Global Index just broke below the post GFC lower trendline. Note that it hit it's all time high and went lower in February when hitting the upper trendline. Could have very bearish implications.
Like many breakouts, it may test this line a bit or perform a false breakout and retest. Will be interesting to watch what happens, but definitely a...
