Trendline, Fibonacci 50° maybe till 61.8° and a hidden bearish divergence
The trend is still down. in other words, you can see this as a bearmarket rally.
In the RSI it broke the rising wedge pattern, maybe more going up for retesting that wedge (also means overbought)
A bearmarket rallly means new fresh money is needed before coming down again
Printing money as an answer seems to come to an end as the global situation shows an escape route for the US.
My take on how to dim down inflation is to pull back the new money fast.
thus the Corona support money and possibly even what have been printed before the corona crisis when Lehman fell
this sudden value increase wil give a sense of success to the common...
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As we can see on the weekly chart, we are at the top
of a strong uptrend. The...
It has been a party for the Dutch AEX for a while. However, the first signs of trend reversal are visible.
- Bearish divergence for a quite some weeks
- Shooting star candle (which is a candle pointing to trend reversal) as bounce from the bottom trendline which is contrary to the strong previous bounce back of the bottom trend line
It is an early call since...
The only value of these sort of models is in focus on market movement. Best compared to a float, the movement of the float triggers the response of the fisher. It doesn't say anything about underlaying market conditions, trends or motivators. (imho just speculation).
The technical figure Pennant can be found in the major Dutch index AEX (NETHERLAND25) at daily chart. The AEX index, derived from Amsterdam Exchange index, is a stock market index composed of Dutch companies that trade on Euronext Amsterdam, formerly known as the Amsterdam Stock Exchange. Started in 1983, the index is composed of a maximum of 25 of the most...
Round numbers always twist.
s&p hit highs to fast.
All MACD'S are at highest points.
china markets closed before weekend.
evergrande about 200/300billion problem.
china wont save it, is what i think. cost them to much to save others.
US stocks and indexes up before weekend hitting ATHighs
looks bullish right?
wait till monday..
nobody knows what wil...
As shown in the graph, the AEX index is at a crucial point. If they break the small resistance line, we can expect uptrend movement to around 800-805 points. If the resistance line holds, we can expect more downtrend or sideways movement to potentially 778 points. Drop a comment in the comment section and a like if you agree with this prediction and/or have other opinions!