This is a simple enough setup.
It appears to be a short-term bear flag on TSLA
Is following a clear sine-wave pattern at regular intervals.
This means it should resolve either later today or during futures.
The Chicago Fed National Activity Index vs. SPX
From the FED:
"A zero value for the index indicates that the national economy is expanding at its historical trend rate of growth; negative values indicate below-average growth; and positive values indicate above-average growth."
We can clearly see (despite certain people thinking that fundamentals don't matter...
There is a clear bearish diamond formation on the daily chart of NASDAQ100.
Also observable on the daily chart
This is straightforward enough.
The bearish diamond is a key reversal pattern.
The market is showing extreme divergence between Futures contracts priced for next month, and Futures contracts priced for Q4.
This is the largest divergence seen within this Futures cycle.
My theory is that it could be indicative of a bottom in VIX and the market pricing for more serious volatility events later in the year.
SPX is showing a strong rising wedge.
This is a quarterly chart so the trends are very neat and tidy.
Meanwhile, DXY is showing signs of bottoming.
It's my view, that we are set for a burst of dollar strength which will provide pressure upon equities and break the wedge to the downside.
There is a trend of descending lows which has been in place since 2018...
SPX seems to be showing a setup for a possible bear flag/pennant formation on SPX.
Entry for short will be around 3840. Stop loss roughly 10 usd above.
Schedule for this is today or tomorrow. Either way, should resolve by the weekend if I'm right.
I place the start of the bear flag 4th march at 0330 GMT because the MA's started forming the signature pattern at...
This is purely an information post. This is not financial advice. I'm not a goddamned psychic. Etc. Etc.
In short, the yield curve is climbing and may soon reach the threshold which has historically predicted recessions.
Look at the chart and make up your own mind. Questions welcome.
Here you are. A lovely chart.
Let me break this down and explain the meaning of this.
The top chart show the OECD's composite leading indicator for the USA.
Broadly speaking, this an index which tracks economic activity within the USA. It's designed to be a forward looking indicator for the health of the United States'...
Okay so this is a mess and I will break it down now.
First of all, I've long been arguing that the SPX is following a rising wegge which happens to intersect with a megaphone type shape.
This presents a trend of long-term lower-lows juxtaposed with long-term higher highs since roughly 2018.
The megaphone pattern itself...