Sudden Market Crashes don't happen all the time but this time feels very close to 1929 and 1987 Market Crashes. Look at the examples bellow. They all have Bearish Rising Wedge that broke down and retraced with another Bearish Rising Wedge. If this Idea is right we should find out very soon(within 2 weeks). Long term debt cycle repeating it self.....
This 2 Charts look a lot more similar then my previous comparison with 1929 and 1987. Its gonna drop either way. But "How Much is the Billion Dollar question"
In my previous post on Bitcoin I said we will retest the bottom of the smaller Descending Triangle and head lower to 1300-1500 but now everyone is saying we are heading to $1300. As a contrarian indicator we might not visit $1300 (long term bullish trend line is still intact if we do visit). Now we are testing a down trend line and if we break above it we might...
Once we hit that trend line its time to sell and short the Market. I think next week selling will resume once we break down from current Bearish Rising Wedge. 2500 level might induce short rally but I have a feeling wont hold and we are going lower!!!!!
Bearish wedge all over the Major Indices. Its getting Exhausted. If we pulled a back little and pushed higher i would be more bullish but we keep pushing higher to complete a bull flag. We might get to 24900-25000 to test 200 MA before going lower....
This Relief Rally is about to end!!! 6200-6259 should hold in the short term. If it doesn't we should resume selling off...
Man Fed Managed to Create so many Bubbles. Hands off to the Federal Reserve !!!!!!!!!!! Let see how fast it goes down. According to Bankers we have a lot lower liquidity today then anytime before..... We are kissing the 21 Month Average. Waiting on rejection.
Tesla investors are delusional and caught up in a Elon Musk"s unrealistic Bubble . The Company is Bankrupt. Stock should be trading at around $20-30. MACD crossed over going down on a weekly, 2 day and 4 Hour time frames. Very reliable indicator (when all three time frames is moving in one direction) Long way to fall. Tesla and Netflix (another over priced Stock)...
Scenario 1: Oil will go up as Dollar weakens due to rate cuts. (I personally think they will cut rates and announce QE4 starting in March 2019 and oil will be over $100 pretty fast as other commodities as well, at same time dollar will be falling like a rock) Target $100 + Scenario 2: Oil should fall more if Fed keeps raising rates (Its a big IF). Target $33 then $100+
Hey guys This will to play out very soon!! Based on History and Debt Cycle (80 ear and 40 year) Depending on when the retracement will bring as to(24400 50% retracement or little higher). We are at the end of a long term Debt Cycle very similar to 1929 (both times interest rates hit near ZERO or near Zero and had a big bubbles in Stock Markets) Also both times we...
Apple hit my Target of $150 and it should hold but it might pierce through for a short term. There is bullish Divergence developing on QQQ. $165 should be a Heavy resistance. Bought calls Jan 25th @ $160, once it reaches resistance or $160-65 I would close my calls and buy puts @ $130 Apr or May Exp(preferably Before Jan 1st). Use stop losses if you decide to...
Since its broke down from the H&S it hit my bounce Target. Sold my puts Jan 18th $1350 with a very nice gains. Amazon should Bounce next week so bought a Call Jan 25th $1480. It will Come back and test the neckline at Around $1500-1525. I would sell my calls and buy Puts @1180 April or May Expiry and hold it for a while. January will be a BIG RED MONTH. Good luck Trading
Apple has been in a free fall. It seems building a Bear Pennant. I'm 50%-50% if it plays out or not because there is a bullish divergence on RSI. I feel there is one more flush out before earnings in January!
As you can see we already broken down. I was drawing the H&S wrong previously. We can make left shoulder bigger but I don't think that makes a big difference. The Fed is gonna make this markets go lower(I was thinking we will go lower first and Fed will save Markets but the opposite is happening) Tick Tock Tick Tock
Financial are in trouble. Recession is looming. Banks will be in trouble again very soon.
Amazon going forward is in Bear Market. Let see how it plays out. Long Term 200 EMA should be a big overhead resistance....
This bounce is not convincing!!! Its a better head & shoulder on QQQ. Lets see if the Neck line holds this time
FB has been in a downtrend. Finally broke out but there is no Volume. Seems to be inverse H&S(this one is not the most bullish H&S) Let see if there is a follow through. Over bought on daily. Testing resistance now (50MA)