Spx is at the retracement area of the old established chop zone.
Follow the trend line lower?
Bounce back to the top line?
Failure to the lower line?
Stay in the Zone?
Sell the Rally
I think it's still a short accumulation opportunity..
January's fall looks to continue, but will it be $90 or $55 or $48
Does the Jan 6th break lower correlate with the SPX and DJI rally break.HMM
So will the equity markets roll over once Ethereum starts the rally?
Sentiment for the Equity markets are getting sour, will an inverse reaction occur?
Ideas and comparisons.
Global Slow Down, Lower Guidance, High Valuations, Lower Earnings
AHH Treasuries.. Who wants umm..QT.. Higher Rates..
Another QE, Lower Rates?? Ya never know. More digital money to keep this house of cards up.
Sounds like uncertainty..Well one thing is certain and that is
Gold is an indicator of crisis and a rise in the price shows a struggle in the economy. Many governments/investors use gold to protect their principal.
With the Euro less appealing as a play away from the dollar. Gold will rally, since all currencies have issues.
The FED'S continuing QT. The ECB halts QE. Stimulus, Stimulus everywhere. Rates...
Ok... Let me get this straight.
The U S economy over the past six weeks is showing signs of so much slow down due to the GLOBAL cross currents of every major economy so let’s rally this market. Because with less of the world spending money on stuff we should rally this market off the tracks until the Man feels enough people feel safe in reentering the market. The...
Sometimes you just gotta lay it out there and let it be.
So will the $52 billion of QT happen, or will rates rise, or will people realize the global slowdown is real and it has reach our shores. the contagion has begun.
Trade tensions rise as the can is kicked down the road. Politicians can't get out of their own way.
Polish off the recession proof equities....
One year into the runoff and already the rumors is the FEDS may pause more? So,like january, is that a buy the rumor sell the news?
Stopping already,must be a huge problem like a global slowdown on the horizon,what a minute, duh..
Is to much being red into the Quantitative Tightening?
If they do not end QT then the volatility will be like no other ever...
The FED's Balance Sheet normalization plan is what the rally is based on...
Bad global market, no problem??
Be prepare, look around, talk to strangers.. The cards are about to fall because the average joe also see's the slowing..
So while the Fed's are to disconnected to make a real change they just just hold the balance sheet runoff to a drip so the naive can...
Indicators are conformation tools of price action.
I like Volume, both Option & Stock Volume.. and technicals.. nothing fancy..
Simple supply and demand..
But the SETTINGS of the indicator of your liking will set you in the direction that should allow you time to execute a profitable trade..
Never rely on any indicator alone..only in tandem with your...