spx tested same deviation as backtest of march lows...
Here I put up a series of deflactors on the Nasdaq 100 Total Return... I like to use Total Return Indexes becuase they acurately reflect the actual growth of the invested money, rather than simple price indexes... I picked the Nasdaq because as you may have noticed from previous posts the Nasdaq is the absolute winner in terms of performance in the last 15...
in this chart we look only at EM charts, and notice India and Indonesia are the exceptions as most markets still below 2008 in dollar basis... this is true not only for EM but for the utmost majority of markets in the world. few other exceptions i found are germany, switzerland, korea, japan, denmark & netherlands...
trend is ongoing, does not seem at all like any further fall is coming... i look for some kind of M patern, or double bottom to form the next few weeks... lower lows, loosing channel mean invalidation + potential trend change, as for now we still buying dip, sell rallies of 8/9%...
usdbrl is in a long term bull market with parabolic looks
just for charts! $ndx historical channel with breakout line
as long as November 2020 breakout area holds, $spx remains a long in the longer term picture!
Nasdaq still has room to go... lots of room! looking for long positions near to the parabola...
Trend is up, price is stretched... as long as the Mid-Line in blue does not become resistance, we expect the decade long trend to continue up, towards the upper channel deviations around 6 and 8k. the areas to watch are 3930/3850/3730
log curves are even more difficult to draw than parabolic ones , imo let's assume it's an area 19500/14500k on $btc
I'm looking for a bullish continuation on $gld , $xauusd, #gc_f over the decade towards 6k per ounce Nice fractal building up too!
long this thing, stop below that mid consolidation range...
revisit to the previous high is coming in rather trendy manner!
I'm looking to go long in the blue box, stops below. Excellent risk/reward if it comes!
symmetrical and inversily symmetrical moves expected ... we are entering a phase when the easier money is beyond us on a buy & hold strategy, imo holders may want to book gains above 5k, wait for a correction and if conditions favourable, market stabilizing and not panicing - the scenario confirming then get long ago towards 5900, at 5900 more volatility...
Long 42/42500 stops below 39600 on $Coin... not sure if this can take the previous highs but will most definetly be worthed a try for a swing towards 54/56 at least...
I expect 3300/500 to hold and see another rally towards the pink box... before another fall towards 3400... expect much lower prices later in the year...