SPX is showing a strong rising wedge. This is a quarterly chart so the trends are very neat and tidy. Meanwhile, DXY is showing signs of bottoming. It's my view, that we are set for a burst of dollar strength which will provide pressure upon equities and break the wedge to the downside. There is a trend of descending lows which has been in place since 2018...
SPX seems to be showing a setup for a possible bear flag/pennant formation on SPX. Entry for short will be around 3840. Stop loss roughly 10 usd above. Schedule for this is today or tomorrow. Either way, should resolve by the weekend if I'm right. I place the start of the bear flag 4th march at 0330 GMT because the MA's started forming the signature pattern at...
1. Bearish Doji Stars have been odcuring regularly on monthly before downturns. We have one forming presently right at the end of this month suggesting we've peaked. 2. Peaks of the market seem to follow fibonacci time zones. We're not on one now, but my suspicion is that a bull trap will form on the next one or that it will correlate to a dip or similar. 3....
This is purely an information post. This is not financial advice. I'm not a goddamned psychic. Etc. Etc. In short, the yield curve is climbing and may soon reach the threshold which has historically predicted recessions. Look at the chart and make up your own mind. Questions welcome.
Here you are. A lovely chart. Let me break this down and explain the meaning of this. The top chart show the OECD's composite leading indicator for the USA. Broadly speaking, this an index which tracks economic activity within the USA. It's designed to be a forward looking indicator for the health of the United States' growth Now as we can see we appear to...
Okay so this is a mess and I will break it down now. First of all, I've long been arguing that the SPX is following a rising wegge which happens to intersect with a megaphone type shape. This presents a trend of long-term lower-lows juxtaposed with long-term higher highs since roughly 2018. The megaphone pattern itself is bearish, but the rising wedge shows...
Breakdown of the SPX / USA500. 1 small short opp. 1 long opp. 1 big short opp. Support/Resistance and forecasts derived using elliot wave.
Elliot wave derived outline for forecasting the S&P. S/R levels included. Timeframe goes from now to the beginning of next year.
This demonstrates how a 120 / 20 Moving Average configuration can call short entry points against the S&P500. The same config can also be used to call rally points. Explanation on the chart. Weekly chart. 12 MA 120 MA Crossovers call changes of overall direction.
This shows how a 20 / 120 double moving average setup has been pretty accurate in calling bear markets (and bull markets too for that matter for the past 25 years or so if not longer.
Outline of SPXU versus the S&P500 as a means to shorting the US equities market. Outline ------------ I fully believe that there will be a serious correction if not outright crash in the near future as many companies are trading with significantly inflated values relatives to their fundamentals and of course the general state of the world economy. I have been...