textbook retrace into the 5th major wave down. So far the waves have been absolutely perfect. Notice the 5 minor waves down at the top, followed by a retrace that formed the 2nd major wave. And then you can see another 5 minor waves down again forming the 3rd major wave. Currently, we are in the final phase of the 4th major wave retrace. And consequently, the...
Markets are perfectly synced right now. This is notorious bubble behaviour. The odds of a melt-up are increasing quickly but with the crazy increase also comes with increased volatility. Big Swings to be seen in the near future (within 6 months)
Look for a break under this line to short or confirmation of strong support. A break would be accompanied most likely with strong volume as the line shows the volume point of control (vpoc) area found with big volumes circled below. Looking bearish and long term graph still overextended after The insane rally bringing it to 440 level. Scalpers could make good...
As stated in the title, Oil is starting to go parabolic as it breaks out of the rising wedge with insane trading volume. Quickly approached its previous support now likely turned resistance after the breakdown of the triple topped that marked the start of the bear market for oil in 2018. Looking for a short but need a confirmation of the top before entering as...
Yields primed to make new lows on strength of the bond market still flashing doom signals despite the rebound. Short on yields, long on bonds
Ive been seeing this log graph around a lot by people calling the true bottom and the start of another bullmarket. If you lign up the trendline correctly you notice that weve already broken it. Its only a matter of time before we make a new low. Nothing more than a dead cat
Look for some short term selling and rounding out around previous 6k support before tumbling further with the coming of the bear market in equities. Short term scalps going long with overall long trend still bearish
Palladium with the big shakedown. The biggest since its started trading on the commodities market. A lot fo weak hands selling here, good buying opportunity for those with big appetite because the potential for a final move up is massive and gains could be in the double digits. looking to buy around 1300 or lower
Obv and RSI making lower highs and lows while price action making higher highs and lows. Big red flag
More warning signs here. How can someone deny the extreme high probability of a recession with so many consumer cyclicals looking like this. We were due for a pullback in 2016 that we never got because tech kept soaring to the moon. But reckoning is very close. Many stocks will look like this soon. This stock may or may not be a buy, im not about to start bottom...
Inversion on the yield curve is making markets very uneasy and for good reason. Now the fed is stuck between to evils. Raising rates to reduce the balance sheet in order to be prepared for the inevitable recession (lets be honest, its too late for that now), OR reduce rates to at least flatten the yield curve. This would show in the yield of the 2 year and 3 month...
Still staying between the lines. Looking for a break either upside or downside. With odds of the rising wedge formation and prevailing long term downtrend favoring the downside break. Still waiting before entering this position again
The collapse of the bubble is not over. Volumes falling across all exchanges bodes poorly for price action, especially in consolidation. Looking for breakdown here but keeping an eye out for chances of a potential breakout to the upside
No fakeout to the upside this time. Nice clean breakdown as expected was one of the possible scenarios. Expecting more downside here
Even though on average recessions happen over 100 days after the yield curve inverts, investors will not wait around with their hands in their pants for 100+ days before selling. Downside risk is now significantly higher. I've been calling this for months now, we are almost surely in a bear market and the multitude of shorts taken on the way up and more just...
Hang on to your baskets, its gonna be a bumpy road. Bad omen for global stock markets?
Yield curve finally inverting. Have been waiting for this moment for awhile now. With the price of long term bonds skyrocketing with the fear of econ slowdown in euro this morning, the outlook is looking even bleaker. Ive been saying this for a long time now and it seems to be confirming faster and faster. The recession is at the gates, and investors (who have so...
Resistance from messy top is close. Looking for a rebound from highs into new lows potential. Or at least to lower trendline making another higher low as it has been for many years now. Medium term short. Looking to pullback to at least intermediate support zone of 11$.