Although I biased bearish for the past year, the markets are clearly oversold and, furthermore, appear to be showing consolidative pattersn.
FAANG index is also showing bullish consolidation.
We have a falling wedge and a strong bullish RSI convergence.
I believe the recent downturn was also an ABC move.
So, in short, although we are down a lot, we have a...
(Note: some of the waves look very crushed in this chart, because I composed this count on a 5m chart and trading view won't let me publish at a finer resolution than 15m)
I have taken profits on my first long trade on SPX. I traded SPXL (leveraged SPX) from the bottom of this form to the current price point.
I have closed because I think we go down here to the...
The long-term outline of GBP/USD bears a striking resemblance to what occurred from 2000-2008 on DXY.
There may even be a fractal dynamic here.
Although I am a dollar bull, I suspect this means DXY is due a pullback which will fundamentally surprise the market.
I bias neutral on GBP but the outline at the moment is very bullish.
The potential fractal dynamic...
We have a double-gap situation on SPX which appears to be setting up a Bullish Island Reversal.
We can see the "island" in the bottom of the picture is clearly formed and separated by a double-gap.
This is forming at the end of a suspected ABC move, and during conditions where the markets are at the bottom of the MACD and RSI ranges.
We can see that there are...
From what I can tell, the market now is as oversold was it was during 2008 and 2020.
Maybe I'm prematurely flipping bullish here, but I find it very difficult to believe that we're going to go straight down here without a relief rally because we can see that RSI is now at the point it visited during the Winter 2018 selloff (which isn't far away from the absolute...
I believe that one of the reasons we saw such a strong bull market from 2020-present is because the dollar pulled back and this lent strength to asset movements.
Dollar strength movements, tend to amplify or suppress the strength of a move equating to a momentum modifier for the markets.
We can see here how the DXY...
In log mode, we can clearly see the trend of yields dating back to the late 1970s.
Consistently lower yields on both the 2 year and the 10 year government bonds.
Representative of both the long and short duration bonds and their yields.
What we can see happening here is a breakout of this downtrend.
We are already at between 2.5-3% on the 10YR and the 2YR...
I believe that there is a pretty clear fractal or at least a cyclical repeating pattern in inflation.
This is a very very long-term view here, so it wouldn't surprise me that nobody has noticed this because everyone is trading 15m and 5m charts.
We can see that there are two distinct cycles here with a very similar...
This is an update to a previous idea I've been mooting.
This is a deeper dive and follows up with some additional charts.
Firstly, an introduction.
The bearish diamond reversal is a vary rare technical analysis form.
Diamond forms form either bottoms or tops, depending upon relative positioning and are relatively concrete signs of imminent reversals.
$vnq is showing:
backtest of the dead trend
a diamond pattern
a triple peak/head-and-shoulders pattern
and what seems to be a full set of waves before a correction.
There's lots of signals here.
Plus, this comes just as the FED is about to attempt normalising policy and of course, we have the Black Swan event of the Ukraine conflict.
Although I am a crypto-sceptic, I am very bullish on HBAR because I believe it is the only real contender with any potential in the crypto marketplace and it is very likely to displace the majority of it's competitors and become the dominant crypto of the future.
I held HBAR from 1 cent to 30 cents until I liquidated anticipating a pullback and a 2nd entry...
This is a comparison between NASDAQ 100 and SPY (which can also be substituted for SPX and the USA100) now.
The dotcom bust occurred in 2001 with a general wipeout of frankly rubbish techs tocks which were immensely overvalued.
A technical hallmark of this crash is the feature of a famous diamond reversal.
If you look at the bottom pane you will see how this...
The composite leading indicator is produced by the OECD.
It is an index of components that pertain to each country and is considered a leading indicator of near-future economic performance.
The components for the CLI are:
Component Series (Unit) Source
Work started for dwellings sa (number)
Net new orders - durable goods sa (USD)
Share prices: NYSE...
It looks to me like ERX (Direxion Energy Bull 2x ETF) is ironically forming a very bearish outline which seems to coincide with other bearish indicators for oil and equity markets.
What's interesting here is the coexistence of a rising wedge form (highlighted in orange) with what appears to be quite a tidy Elliot wave...
As people may be aware, I have been tracking what looks like a bearish diamond on SPX.
Naturally, these have a certain failure rate (as do all technical analysis forms) however this does not mean that they should not be treated with caution when trading and it does not mean that the potential for a risk-off move should...
We have a clear example of a rising wedge on XOP Oil Exploration & Drilling ETF. There is a similar wedge also forming on VanEck Oil Services ETF.
This suggests risk-off is coming to the oil markets soon.
My suggested timeline for resolution is 14th Feb. So one week away.
I strongly suggest that this may be part of a broader down move coming to oil and gas as...