I'll be straight forward, I'm not a pro when it comes to the examination of Gartley Patterns... and I honestly believe that the bull market has begun based on all the moving averages, the monthly RSI, and those fun trendlines. But gotta weight out the other possibilities to be sure. And I have not really seen this discussed yet. I mean it could also be an Adam and...
This chart looks messy, let me break it down, followed by an counterargument. Might sound more like a rant at the end, sorry just short of time to write it out professinally heh
a. I see a strong cup and handle formation, the blue bars at the far right depict the expected target (target= distance from top of right handle to lowest point added to the breakout...
Take a loan from Nelnet, place the bills into your broker of choice and short, and pay them back with their bloody money.
What we've got.
1. Ascending Wedge: Bear
2. Elliot wave: looks like it was completed.
3. DJI & S&P 500: Descending Triangle: Bear + Near complete and poised for breakout
4. Cup & Handle: Arguable has hit its targe
5. Stochastic RSI- Lower...
That inverted cup and handle worked beautifully so far but be weary of the new descending wedge. first target is outlined at the 38.2 fib level around 7600ish. We can still test our bottom from February, but their will be a nice bounce. Also double bottom Stochastic RSI
Hope Im wrong, but dump the coffeee. Instant energy isn't always the best. Sometimes being conservative with some H2O helps preserve you're wellness in the long term. Remember you get pretty tired after a few hours, not to mention it pushes you to make hourly deposits at the restroom (at least me). Volume is low, overbought on Stoch RSI (short term such as a day),...
Global warming sucks, this is the story of the DOW Jones and the S&P 500's trip to the Arctic Circle
Shortly after mommy and daddy paid off their overloaded credit cards DJI and his girl S&P fled north to the Arctic Circle in hopes of escaping the treacherous heat stirred by global warming. After arriving at the Arctic Circle, DJI and S&P set up camp, a...
Probably wrong, but help yourself to a cup of tea; plenty to go around.
Benefits of Green Tea:
Reduce atherosclerosis and risk of heart disease
Lower blood pressure
Reduce cholesterol levels
Reduce inflammation in arthritis cases
Improve bone density