Chart shows 2 months with similar candles to the current candle.
One instance leads a bull rally. The second leads to several moths "inside" and then breakout to the upside.
Criteria for similarity:
2) Low > 21 EMA (third line from top). Note: 200SMA out of scope.
3) candle body contained in top half of candles full range (High - Low)
SPX500 1hr chart on top
200MA and 50MA will 'death-cross' (60m chart) if the acceleration of downward momentum continues.
Downward momentum is evident in 3 custom momentum indicators.
The momentum picture is similar (bearish) on all TF's from 30m to 240m.
I intend to short upon sufficient confirmation of a reversal.
The chart is one possible visualization of the confluence of unpredictable high-impact events. For example:
February 24th, 2020 World Health Organization declared the COVID-19 outbreak a pandemic and warned that "much of the global community is not yet ready, in mindset and materially,.." Over the following eleven months over 2 million lives were lost...
Bottom: Combo indicator (momentum, ATR, Volume)
Bullish kickoff at the Red arrow. Trend followers, do your thing.
Bearish divergence looms (blue arrows) over next few weeks. Recognize it when it arrives. Its a known known.
Part 1: FULL INTRO
The goal remains the application of 'derivatives of displacement' to describe the spread of COVID-19. The points made will apply to any application over time (not just virus spread).
This charts focus is on COVID19's "snap". Snap is the 4th derivative of displacement:
Rate of spread (how many each day)
Velocity of spread: Change in Rate over...
The recent increase in acceleration (known as "jerk") of US COVID cases is "re-bending the curve". In this context the verbal descriptions of change, and its derivatives ,becomes both interesting and important Charts showing ongoing change in confirmed US COVID19 cases are themselves constantly changing....
The bottom indicator suggests any change in momentum will be downward as several different momentum lengths are all peaking around the same time,
Notes: US30 (AKA Dow, YM) In upper chart in RENKO
Therefor the time axis is irregular. But the time of interest is NOW (where the penguin lies)
Inflation is erosion of the dollars buying power: ( when consumer prices are changing (rising) faster than the value of the dollar.) One way to quantify this is the ratio between the Dollar (DXY) and CPI (the Consumer Price Index). A decrease in this ratio is consistent with the concept of inflation
As of August 9th 2020 two analysis below (A & B) show** the...
Changes in the Gold/Silver ratio indicate changes in the demand for Gold as compared to demand for another precious metal, namely silver. Ratio increases often coincide with accelerations in market volatility and, consequently, money flow to Gold, long considered a "safe haven".
The ratio's climb is approximately linear and the black trend line is consistent with...
The chart shows the sharp increase in US "money supply: upon Senate approval of a $2 trillion coronavirus stimulus package
Money Supply: There are two definitions of money: M1 and M2 money supply. M1 money supply includes those monies that are very liquid such as cash, checkable (demand) deposits, and traveler’s checks M2 money supply is less liquid in nature and...
Inspired by the analysis of @pkcap, all mistakes are my own
Chart shows the relationship between the NAS100 index (futures) and unemployment. Note the pop in unemployment due to covid lock down.
Will the index fall? Can it be propped up by the Fed until elections?
The data series for US Corona (Covid19) deaths appears neat and smooth in Heikin Ashi candles.
Main stream analysis focuses on positive aspects "were in this together".
The chart presents a refreshingly negative (and incomplete) analysis and must be sung to "Hotel California"
Inspired by @Rag2riches ideas and lyrics