Simple Moving Average analysis shows that it is time to short SP500 again. The end of last year gave us a comfortable bounce on the 1W MA200 and this week a rejection on the 1D MA200. By simple MA terms, that is a strong short signal. Targets: 2640 and 2555.
This is a cross factor comparison between the S&P500 and the Civilian Unemplyment Rate. The latter can be used as a benchmark to anticipate the long term cyclical behavior of SPX within its market cycles.
The conclusion is quite obvious. when the unemployment rate is low, a sell signal arises on SP500. When then unemployment rate is high, the index waves a buy...
Pattern: Rejection inside the short accumulation zone.
Signal: Two short entries. No1 (break-out) if the 1.2922 interim support breaks. No2 if it approaches 1.32144 again.
Target: 1.2700 (1D support) on both occasions.
This chart incorporates the Bitcoin's market cycles inside the parabolic shape factoring in the halving effect.
The halving has so far occurred after the bottom of each market cycle was made so based on that (next halving May 2020) the new bottom should take place inside this February - April.
What is even more important than that is the lengthening of each...
Pattern: Bullish Channel on 1W.
Signal: Bullish. 1289 and 1297 being the Support Zone.
Scenario 1: Following the Blue Double Curve inside the Channel Up. TP = 1334.50.
Scenario 2: Folliwing the Green Arrow diverging from the Channel Up. TP = 1345.00.
This is a common comparison of the original store of value: Gold, to the digital store of value: Bitcoin.
Their consolidation periods after their all time highs display common wave patterns and a similar behavior that resulted into successive lows. Bitcoin has very recently made its first new low and is now accumulating positions (Triangle) for the next. If...
This is another self explanatory chart that examines the common features between Silver's bear market since the near $50 peak and Bitcoin's current bear market since the near $20000 peak. The frames are on a different time scale but serves best the purpose of this comparison.
Descending Triangles on both that broke down to a lower level followed...
The chart is self explanatory, in a few words a comparison between how the 2014 - 2015 bear market reached its bottom and the similarity with the price action at hand.
Based on that comparison, December's 3150 bottom was a temporary one much like the 278 during 2014 - 2015. A maximum peak at 4600 is to be expected followed by the final blow of -65% for a 1600...