News shows Putin's party probably won parliamentary elections in Russia
The Russian MICEX index rallied from 200K at the bottom (March 2020) to over 400K (Sept 2021).
The index put in a small bearish shooting star last week.
Confirmation would be if it broke the rising uptrend connecting lows of past few months
A look at the following downtrend in the AUD/USD currency pair shows 3x 300-pip swings that start and end close to round numbers.
The swings in the price sometimes stop almost perfectly at the round numbers, but sometimes they fall just short or runover them before reversing. Which one happens doesn’t matter for the purposes of a swing trader. If you are...
USD/JPY is in the midst of a possibly very meaningful breakout - scratching a possible double top - and continuing to move higher after breaking a 4-year down-sloping channel.
The implication is a new long term uptrend
Bitcoin is moving below $30k and to new monthly lows after a death cross.
What is the death cross? its the 5 day moving average crossing below the 200 day moving average.
It suggests the longer term trend has turned bearish.
This correlation is a bit of a stretch but you could say Bitcoin has been topping this year while dollar has been bottoming... ?
Conclusion: If (post-Federal Reserve meeting) USD rally continues, BTC could be in deeper trouble
Switzerland's benchmarket stock index has unwound all its pandemic-induced declines to hit a fresh record high in the last couple of days.
A new taste from investors for value stocks outside the US has contributed to the strong performance.
If the breakout holds, it suggests new bullish phase for Swiss blue chips
When the fundamentals are inexplicable, sometimes there is some sense in the technicals...
The drop in BTC/USD over thep ast 5 days is a near-perfect measured move below the rising channel it had been in since March. The $30k level where the priced bounced yesterday found support from the February lows.
The price is now back at its 200-day moving average, which...
We learned in the news today thanks to a 13F filing that Michael Burry of 'Big Short' movie fame placed a huge short postion in Tesla somewhere between Dec 31 and March 31.
Hed did reveal in a tweet that he was short in early December, presumably with a smaller position
"So, @elonmusk, yes, I'm short $TSLA, but some free advice for a good guy ... Seriously, issue...
Fundamentals - Joe Biden is going BIG on stimulus and US yields are spiking alongside inflation expectations
Technicals - The weekly chart has posted a confirmed 'shooting star' reversal - and with today's breakdown is now pointing to a more bearish 'evening star' reversal.
The 4h chart shows the short term uptrend has broken - and a new downtrend is opening up.