It looks like natgas is diverging from WTI crude. As well, on a monthly chart the RSI is hitting the same level as previous pullbacks. Would not chase natgas higher and would wait for a second candle to hit the trendline then short using DGAZ.
Future of financial markets are completely just a central bank bubble that is waiting to bubble and it is getting really close with Amazon hitting $2000+
RSI is is way over bought on all time frames.
Could be a matter of weeks or months before the party is over.
NVDA earnings are in two days and a negative divergence is forming. It will complete if there is a slight price increase after earnings.
This could indicate a lack of conviction in buyers and sell off will take place after a brief pop in price.
It is quite obvious central bank money printing and suppressed interest rates caused this bubble. This pattern is playing out two decades later all over again.
Good chance SOX and everything in it. ie NVDA are going down -30-50% minimum a year or so from now.
Note: these are my notes and are not to be taken as trading advice. Trade at your own risk.
A few reasons oil could test $60 and then $58 soon.
WTI and Brent price difference closing
Markets overall could continue down this week / next week, bringing oil with it
USA has become an exporter and the USD / DXY could be bearish even if they are up (on edge...
One and only reason Bitcoin rallied in 2017 was due to the Chinese government enacting capital controls. Capital was fleeing the country into every asset. Real estate has soared in places like Australia and Canada.
Ironically, their actions caused more panic of the Chinese people and more capital flight. It was only a matter of time until they physically closed...
There is a high probability that Bitcoin will fall back below $1000 USD toward the end of the year. If there is an economic crisis it is likely money will be withdrawn from stocks and put into cash.
This will caused the USD to fly and the price of bitcoin to drop. There will not be enough capital to re-inflate the bit bubble (this year).
Anyone can start a...