Hi Guys, interesting to note SPX 2020 price targets expected by Wall Street's top strategists at the end of 2019s: BofA (Savita Subramanian) 3300 Barclays (Maneesh Deshpande) 3300 Goldman Sachs (David Kostin) 3400 JPMorgan Chase (Dubravko Lakos-Bujas) 3400 Credit Suisse (Jonathan Golub) 3450 Citigroup (Tobias Levkovich) 3375 Wells Fargo (Chris...
Hi Guys, please find above an update of the following idea posted a year ago on March 9, 2019 Medium-Term narrative: since Trump has been elected US President at the end of 2016 the dollar weakened a lot at the beginning of his term to regain strenght before 2020 US Presidential Elections. Long-Term narrative: I have some ideas but I need to outline them on...
Please share your views or comment and if you have any questions please do not hesitate to ask. Thank you for your support and for sharing your ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute...
Please share your views or comment and if you have any questions please do not hesitate to ask. Thank you for your support and for sharing your ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute...
Hi Guys, Let's start with "The 2015–16 stock market selloff" also known as The Great Fall of China: (en.wikipedia.org). Then, on Nov 8, 2016 Donald Trump was elected President of The United States of America: (en.wikipedia.org). From Nov 2016 to Oct 2018 the U.S. stock market climbed to record peaks on the prospect of tax cuts, corporate deregulation and...
Hi Guys, both formations V-Shape and U-Shape are considered to be supportive formations. V-Shaped recovery: www.investopedia.com U-Shaped recovery: www.investopedia.com Please share your views or comment and if you have any questions please do not hesitate to ask. Thank you for your support and for sharing your ideas. Disclaimer: Please note that I am not a...
Hi Guys, in absolute terms, VIX values greater than 30 are generally linked to a large volatility resulting from increased uncertainty, risk and investors’ fear. VIX values below 20 generally correspond to stable, stress-free periods in the markets. www.investopedia.com Since the beginning of the 2007-2008 Financial Crisis, VIX exceeded 30 level during the...
Hi Guys, following previous post iro SPX, please find above DAX (15 mins delayed). Please share your views or comment and if you have any questions please do not hesitate to ask. Thank you for your support and for sharing your ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in...
Hi Guys, here the allocation of some events that impacted the Shanghai Composite Index (as well as worldwide financial markets): 1) China became a member of the World Trade Organization (WTO) on 11 December 2001; (en.wikipedia.org) 2) Financial crisis of 2007–08; (en.wikipedia.org) 3) 2015-2016 Chinese stock market turbulence; (en.wikipedia.org TO NOTE:...
Hi Guys, here a comparison mirroring EUR/USD vs DXY . Please share your views or comment and if you have any questions please do not hesitate to ask. Thank you for your support and for sharing your ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely...
Hi Guys, here a comparison mirroring DXY vs EUR/USD. Please share your views or comment and if you have any questions please do not hesitate to ask. Thank you for your support and for sharing your ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for...
Hi Guys, The above structure subdivide 2019 in four phases: A, B, C and D. A and C move up. B and D move down. At the start of 2020 the Index began a sharp move up showing a very strong US dollar and almost reached the psycologically important level at 100. E represents a new phase commenced in 2020. ABCD phases were all quite regular. E clearly shows a...
Hi Guys, the causes of the drop occurred back in May 2019 are different from today's drop due to COVID2019. They both produced a gap down but whilst the first took two months to be filled, the latter took two weeks as it has been filled today. For information about gaps: www.investopedia.com What type of gap is the present one? Please add your comments and if...
Hi Guys, On Feb.6 support at 1.09910 (red horizontal line) was breached and the pair commenced a strong move down. In 14 days the pair has reached 1.07780 which is almost a 2% drop. What struck me is that the move is accompanied perfectly by the SMAs (blue & red) whilst the RSI runs below its median line. Such move is attributed to the weakness of the...
Hi Guys, Please add your comments and if you have any questions please do not hesitate to ask. Thank you for your support and for sharing your ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute...
Hi Guys, A nice double bottom at 49.31 and a prolonged divergence with RSI generated a pullback into the descending 100SMA (red). Last Thursday WTI finally reacted to the divergence with RSI as investors focused on the possibility of deeper supply cuts from OPEC. Is the worst over? What are the scenarios? Will price continue to pullback slowly or with a...
Hi Guys, what happens when some of the world’s biggest oil traders seek to store crude on tankers at sea? The play is to seek to take advantage of the crash in crude prices and make a profit down the line. It happened in 2009 and in 2015 as reported by Reuters back then in this article: www.reuters.com Today Bloomberg reported that the same play is happening...
Hi Guys, the idea is that 1.03317 proved to be a strong supportive area where a triple bottom in divergence with RSI was formed. This prompted a pullback into descending trendline (1). The cause of the pullback? US PRESIDENT TRUMP on Nov.7, 2016. The pullback took 14 months to reach its top and it has been going down since. Please Click & Play the following...