2020 BIG SHORT RECESSION: Big Recession 20 NOV 2020 Exit the market.
The Three Scenario Crash. Next week! Dollar awakening with VIX. Master of collapse.
sitting home sick today. best work of my career. Mindmap of the year. the Economy is breaking down in pieces. DXY been supressed with VIX for a long time and Gold and Silver been on a huge run. Silver drop 20%. oil dropped to .-37. Bonds dropped -8%. Stockmaket drop -35%. Inverted H&S on DXY. Bonds low. Gold and silver too overbought witht the stockmarket. The...
Recession to Depression, Since 2018 WTI hasnt been able to reach "Big Triangle" and have just been in a small trading range between Trend support from 2015 and outside of the lower triangle. Volume for oil has been declining aswell and electric industri getting massive investment from state. I broke into Low Trading range back to the 1996 and more -40 dollars....
Perspective is KEY. The Big Triangle has not been entered since 2009. The Horizontal Line has not been broken 2018. WTI has not been trading higher range of the field since 2019-2014 til it broke down outside "The Big Triangle". Two attempts to break has been made. 2016 we bounced from low on "The Horizontal Line" and we got rejection at triangle for second time....
WORLD ECONOMY: SPX. Time for Perspective
TESLA short. End of the line.
Recession Mode. +70RSI monthly. Big bear market.
"Demand Destruction" too much volatility for the market 10% ups and downs. Banks/investment companies will probably not support bull run OIL anymore, with index on fall, VIX on spike. SA and Russia have said they will increase production if needed, they dont want demand destruction. Who want to bet on fast run that will end fast anyway and risk of burn.. 10%...
Pink lines shows monthly view, green lines for bull channel, red for bear channel. everyone talking about diffrent frames, But we still in bear channel since 28 may, we have been in a small bullish channel since 5 may. If we break through 77 brent we have left the bear channel and are inside bull channel. My view is that this todays 4h candle is too steep and good...
Seems bearish. Looks like retracement back to under 69.