BTCUSD just formed a new Pi Cycle Top.
In the past, this indicated massive selloffs of 90% or more beginning in the next 3 Days after forming such a top.
Maybe a good time to rescale the positions or opening a short.
NVAX could not even break and retest the old Resistance from August, it also formed a nice setup, where the break was also a break of the downtrendline at the same time.
Todays Session retested both, now forming a double support, which could allow us some decent gains...
AAPL might be a hated stock currently.
Everybody is a yield rate expert nowadays and the narrative that all tech must crash, better today than tomorrow is told everywhere you listen.
However, if we look at it from a risk reward perspective, it offers an excellent entry currently.
Stops could be placed as tight as 115, with an upward potential of 155, making us...
Yes after the pump in yields in the last days, the NASDAQ:QQQ
to NASDAQ:TLT spread did a nice correction.
This correction however, by no means ends the bullish move, nor does it even introduce a bear market.
Actually the chart now looks even more bullish and I might have sold a lot of positions too early on Friday.... :/
When we multiply the CME_MINI:ES1! with the dollar index INDEX:DXY we can see some interesting resistance forming.
This also tells us how much money was printed and that a lot of the price gains must be considered as actually dollar weakness!
If we can not break this in the near future I will be all bearish for the S&P500.....
CME_MINI:NQ1! The Nasdaq (shown as NASDAQ:QQQ ) formed several resistance levels during the year since the beginning of the pandemic, which later became support.
The timing would be perfect, for the upcoming election, to bounce off the support level and continue the rallye when the uncertainty is overcome...
The current S&P 500 monster rallye is actually starting a correction, when divided by its volatility. TVC:VIX
Also note how the gap from march panic sales is now closed.
We are seeing increased volatility paired with higher prices, which should be seen with at least some caution...
If we look at Gold in a spread graph divided by the dow, we see something interesting:
Either Gold was almost never that cheap in history, or the stock market were almost never that pricy.
A good example about why price does not reflect value.
Nach den Panikverkäufen der letzen Wochen im XETR:DAX könnte sich (vmtl nach entsprechender Luntenbildung) ein "CoronaBoden" abzeichnen.
Es könnte ein guter Anlaß für den überverkauften Markt sein, zu drehen.
Die fundamentalen Daten sind auf dem Höhepunkt der schlechten Nachrichten. Außerhalb Chinas ist das Wachstum noch exponentiell, und große Teile der...