Election date: NOV. 04. 2020
Analysis: Possiblie vola of nearly 10%
1) T win -> ATH
2) Joe Biden win -> Drop
3) Fight against election result -> Huge Drop
MFI, RSI, MACD, SMA (DIvergences!)
Economy is still down.
Gain on ongiong stimulus hopes.
Highes infection rate Covid ever.
No vaccinde yet.
US100 futures are ready:
RSI D1 -> World Record
SMA200 D1 distance -> World Record
Bollinger Monthly -> World Record
Conclusion Dot.Com 2.0 bubble is real
Reals Nasdaq RSI divergence target near 10.000!
Notghing to sa to the 1:10 overvalued market cap of Tesla.
Estimate Q2: 0.009
Estimate O3: 2.68 !!!
Indication: USGDP -38%, jobless still gaining.
I fear a massive fail of FANG estimates in Q3 at highest bubble parabolic levels!
In this example it's nice to see how markets actually work.
Every single dip is fast coverd by algorithmic trade engiens.
Target is to move market almost higer even only few points.
This leads to high dangeruous market conditions!
If main algorithms/blackboxes decide to switch, market could melt down.
We now face nearly the same patterns in NASDAQ like 1999.
- Overbounght -> Bollinger break monthly, RSI, MACD (example: one single TSLA share equals to a 334.000$ Tesla Car average selling price).
- Megaphone pattern.
- FED zero Intrest.
- Stock splits.
- Real economy can't do a V-recovery