A quick follow up to my previous posts about the TSX or the colony of Canada, if you prefer.
Quick observations on a long timeline weekly chart:
We bounced off the top of the channel top for over a year
Major roll over into a recession/depression/stagflation ... take your pick at this point
Commodity super cycle talk seems to be done for now as we can assume...
Just a nice long term channel on the TSX in Canada. Obviously, this channel has been obliterated in USA equity markets (manipulated, post-truth times).
I drew this as a chart artist a few months ago on the simple assumption that if nothing matters and we have QE infinity, then why not have a parabolic ramp. I was surprised we blew past parabolic into rocket bubble mode. Many just told me to shut up and BTFD. Hahaha! Now, we have hit upper channel parabolic resistance. The fed (politically motivated treasury) will...
Could this be the head fake before the corrective move down? A move down (if it happened in one day) down to the lower parabolic band would be a 35% draw down... but would still be within a parabolic up channel. That's how crazy the manipumarkets are these days.
As I identified in my last post, the nasdaq has reached a channel and parabolic line resistance. Even with all the asset price and market manipulation, the next step should be down. The caveat is obviously the US election craziness and the new Chinese market manipulation... where you now have competing market bubbles stoked by foreign actors. Stay safe everyone...
Just studying the weekly charts on NASDAQ and noticed this. Not sure it has any significance. But it would imply pullback coming up with yet higher highs on the way. If we have left the world of fundamentals and the markets are fully manipulated (depending on who the establishment wants in the big house), why not place exponential curves on a chart. Hyper...
