tough times call for tough calls. Spam that put button. Not a coincidence that bitcoin is crashing at the same time. Use it as a leading indicator for stock market volatility.
taking short teerm profits here. Will let a small portion run with a profit stop loss of 10%
Wait for the confirmation at the neckline and keep an eye on volume for possible dump. Greed readings are at 77% which is the highest its ever been since the top at 20k. be careful longing this
Curious to see the outcome of this pattern. Very apparent and could fit well as a possible retrace/bear flag to the downtrend that started in October
The weekly graph of the SPX shows the reversal volume confirming the stock market top. Beware the lash back
Keeping within the channel. The bear flag presents itself and the trend will most likely continue
Btc and market indices follow extreme periods of volatility together. Btc now flying for a second time and the stock market is plummeting. Much more volatility in store. Find a good opportunity for that vix buy because it will most likely keep trending up for now.
Bitcoin giving us another beautiful short opportunity back to 3000%. Short on btc looking very attractive now. The only reason for this meteoric rise so suddenly has nothign to do with intrinsic value like Tom Lee likes to babble bout, but rather a quickly induced FOMO wave from all the people who sold/shorted the bottom and that have been bagselling this whole...
The markets correlation with oil prices is astounding. 2% equity futures drop on SPX and 2.5% on NDX. News outlets are saying it's because of trump tweets on China tariffs, but that's a stupid scapegoat. The REAL truth is markets are on edge. When a TWEET (yo a fucking tweet, seriously???) drops the market by 2%, you have to be asking yourself some questions....
One of the greatest investors of all time once said its almost impossible to outperform the market over long periods of time (10+years). That same investor also outperformed the market for a very long time. Now were are seeing that Berkshire Hathaway's returns are starting to look lacklustre compared to the overall market. Coupled with the poor calls ranging...
Does not take a genius to realize that there is no longer any logic to investing. just a bunch of clueless investors throwing money in hoping for more monetary policy stimulus. All global markets being correlated is certainly not a good thing. See ideas linked below showing correlation of a few major G20 indexes that are all peaking at the same time.
Notice RSI going dlat and being sold off before reaching oversold conditions. All wwhile price action making new short term highs I think we can qualify as a divergence. Not to mention the nice retrace back to textbook fibbonacci levels
Looking for more downward action here following all other major indexes
wedge breakdown with crazy volume. Also divergence between price action and OBV/RSI
short it all. buy the vix
Square part of the tech bubble 2.0 along with faang stocks and many others. Lots of short money to be made here
This correction was predicted using the correction from OIL that started a few days before the major indexes. Use oil as a solid indicator as to the direction of the stock market will take.