I'm sure everyone has seen this same trend line and same bear flag.
We tested it on Tuesday and we have begun breaking down.
This is a correction. Not a crash. Not 2008. Not 2000. Just a correction for now.
We will get a crash if the Credit Markets start collapsing and we don't have liquidity. We are not there.
2023 will be a shtshow. We will have a real crash...
This chart is just ugly.
I have been very profitable 2022 with this stock (mostly because I shorted earnings).
When they announced a price hike a week before earnings, I knew earnings was going to be bad.
I am still bearish on NFLX until I see more support.
I am not sure if we go to ATH's yet or not from here.
It is not out of the realm of possibility to hit ATH's before we drop again.
There is a Gartley on the 1 Hour timeframe which we have already hit the target and should drop from here.
There is also a diamond playing out on the weekly timeframe.
The market will make a decision soon on longer term trend.
Historically speaking, two thing occur after the Yield Curve Inverts:
1. We Reach new ATH's in the indexes (Such as Nasdaq and S&P 500)
2. We hit a recession about a year later.
At this time both are likely; however, this is a very short timespan since this last occurred (2019). History may not be so easily repeatable.
It also does not help that the fed...
Russell is my favorite market leading indicator, it looks like we may get a bear squeeze soon. I don't expect it to be a long one with earnings season coming up and revised outlooks probably going to look bleak.
I am surprised we haven't gotten a bear squeeze yet though.
I have haven't shorted TSLA for over 4 months. Today is the day I start again. I got in some small positions and slowly add as we get more confirmation.
We hit a huge Fib target in TSLA and history shows it may start reversing here.
WHO downplayed to Corona Virus. Market will ignore the risks and push higher... at least until the virus actually affects the markets.
We will get an opportunity to short this bubble one day. For now go long
We have broken support and have been creating a bear flag for the past few days. We are likely to continue to drop to support.
Economy is debt driven but still decent. I don't see a crash; however, I do see a correction.
We should bounce off support with the help of the FED by dropping interest rates and in an extreme case, perform QE4.
The dollar is setting itself up for another bearish move after breaking through supports the past 7 Months. Looking at a potential ABCD pattern setup for the dollar. This will impact Gold/Silver/Oil and more.