We see here sth special. Gain since 2008/9 crisis.
In the crisis worldwide money injection went on to delay a full recession.
Problems, we need more and more injection of monetary pol. or endless injection.
Companys like Amazon, Facebook, Alibaba, Bitcon and the other only rised of this unlimited injection of liquidity.
We don't solve recession, we only...
Houston we have a wall in front of US.
1) Top building
2) Repo cuts today from FED
3) Sell in May is near
4) Overbought on monthly, weekly, dayl. chart
5) Corona economy impact
6) Volume is down for days, watch VIX
7) $ is gaining up
This could be a good turnaround into long term sells.
Keep it simple, we will never sink? :D
Like it, it took me hard time to draw and analyze it.
Overbought in risky world economic outlook fuels by QE and REPO of central banks.
Wach for market caps, parabolics and state deficit.
Greetings Repoman :D
Perfect drawn Fib-Cycles are almost 50% of your analysis.
In the big picture we can spot nearly the next targets for a sell option.
Nowadays we grow on bad economic forecast, so always watch $ and YEN between Fib ( . Y . )