SPX has reached prior resistance levels, the top of a 2 month channel (could be a bear flag), and a Demark weekly 9 sell setup in addition to a daily 9 sell setup which most probably will be reached tomorrow.
Likely downward pressure on ES1! SPX SPY the next couple of days.
Not Yet, not ever! :)
BUT: After having busted TWO critical support levels (see my previous post) BTC has now completed an inverted cup & handle formation.
This gives us a mid term price target of $5200.
Good luck everyone.
The Dollar has been on a steady rise since Mid April. Currently it is in consolidation and is poised to resume its upside trend due to various factors such as USD repatriation, higher Interest Rates and crises in EM currencies.
USOIL is closely correlated with the dollar. With a lag of c.a. 1 Month oil has peaked, reversed, and just yesterday...
Approaching tomorrow's earnings report Eurobank has lost 25% in the last month. An earnings miss has been priced in and prior profits taken. Price is supported by a daily DeMark downside exhaustion, DeMark Trend Setup Support Line, and DeMark Risk Line. Additionally a diagonal trend line, which has been in play since 2016 and briefly broken at the end of 2017 but...