love you guys, so much passion. back at the 50 day here and failed yesterday, its been the wall for tesla so far and its very close overhead, nice chance to get short against the 50 with a very tight stop.
we started breaking down in 2016 and then the shanghai accord happened the russell went back to the 200 day, pulled back and then was able to recapture. THAT HAS NOT HAPPENED HERE. in fact, this is the third try by the russell to get back above the 200 day. A failure here means we are likely to explore lower before another attempt at the 200 can happen. This...
were backtesting the downward sloping 200 day here after failing to break the previous two times. This chart is why I am so bearish RN if this thing starts to turn down we likely make new lows when the neckline breaks. RISK IS VERY HIGH RN like this week or next week
We bounced right off the 200 week after breaking through in march, if this can curl back up here, the dollar can start flying. This will start breaking things imo as commodities continue to suffer , making them more expensive in currencies around the world.
Nividia has a pretty well defined trendline. The last two peeks to Trough in Nvidia took about a year more or less. That would put it at 35 ish by August. First things first, theres a huge gap to fill at 103, lets see what happens when we get there.
us banks know theyll soon be going the way of european banks, with rates at 0 even negativefor an extended time. Central bank manipulation may boost loss making tech stocks, but financials going the way of the dinosaur
if you were long no reason to hold here no reason to be short yet either, right at resistance, if we break the wedge down, shorts game on, above its a long. nice Risk reward setup with premium getting burned