XMRUSD is presenting a promising pattern.
It remained within a Triangle for some time and if we saw - as I believe - waves 1 and 2 then a 3rd strong wave up will follow. Price will guide us on this but also in other cryptos.
At my site winstox.webnode.com I have added the Target price as to XMR and I am also mentioning BTC
Recently, due to the tragic event of the crash of a Boeing airplane, the stock made a free fall and went from $444 to approx $364 before trying to stabilize.
On the daily chart I have placed 3 lines. The Grey and Black lines form an area. Above it a stock remains into positive territory while below it the stock is in a negative territory. The yellow line shows a...
Since January 2019 we saw an impressive rally for the S&P500.
Investors' optimism remains at high levels but my view remains the same: the uptrend (2009-2018) has ended.
We are gradually entering into Bear market territory and all that we saw during January and February was a reaction.
So what to expect for the index? I am giving my view at my site ...
Somebody asked me why XBI is going up so much.
When you have such kind of questions you need to see the big picture and control your emotions if you have an open position.
Markets go up, sideways or down because they just reflect crowd psychology.
This is why it is important, during weekends for example, to analyze the big picture.
What I see in XBI is that we...
MERRY CHRISTMAS to all.
As mentioned some time ago, equity markets became vulnerable.
When we have such a condition, VIX (Volatility) is going up.
The uptrend has potential and at some time we could see 100 for the VIX.
For now I expect it to potentially reach 50, then a reaction for markets (down VIX) and after that, the uptrend for the VIX will resume.
During the past weeks my view was negative. It remains so.
The big picture has not changed, we are just having a reaction, an year end rally.
This up move as it unfolds can create some short term profits on the long side.
But its main purpose should be to prepare for what will come: a Storm, a Mega Storm in my opinion.
As shown at the chart, we had Wave 1 down...
The DAX is in a correction pattern from the start of the year.
During October its Technical image aggravated due to the fact that it first broke its Support zone (the 2 lines in grey and in black) and then created a possible Bearish pattern, a H&S pattern, which placed the DAX into an alarming condition. The main zone of the H&S pattern which is now a Resistance...
AMD dropped as most of the stocks did since October 2018.
For several stocks a reaction is close. Let me be absolutely clear on this: Not a new uptrend, just a reaction.
But it could be a nice move before the next downtrend.
So, above $20 it will start to be interesting and mainly above $22.
If we saw sub b (in blue) then AMD will start its reaction towards $27-28...
The month of October was negative.
From the start of the month the S&P500 (and other indexes) dropped sharply.
I soon expect a move up that will last for some weeks (maybe until the end of the year or until January) but I will consider this move only a reaction and nothing more.
An interesting reaction that will prepare the market for the main move down, the Bear...
On the weekly chart, after a long uptrend in 5 Waves a correction phase started.
It is unfolding as a deep move down affected by the negative psychology of investors due to the news in Estonia.
Looking at the chart I expect a reaction soon and then a last drop in order to end this down period.
Long term Momentum has reached extremely oversold levels.
As you can see at the daily chart of NVDA, there are 2 light green lines (I will mention them as "green") and two light orange lines (these will be just "orange"). Some explanation on these lines: They represent specific zones, important zones. So we have the Green zone and the Orange zone. Above the Green one a stock, bond, ETf etc is at extremely bullish area....
The DJI is trying to stabilize and this may attract some investors.
However the down move that started on Oct 3rd is still unfolding.
Most probably we are having now sub wave IV of 1 and then a V will follow.
Overall nothing has changed for US indexes.
Any move up remains an opportunity to go short or decrease long positions.
Capital preservation is the most...
There are some colors in the chart.
Two green and two orange. These are specific zones.
Above the green ones we are at extremely bullish area. If price goes down, tests the green lines and up again it shows renewed strength.
Below the green lines it is not negative but more short term analysis is needed.
And now the orange lines. Above them price remains in a long...
Equity Markets plunged during the last days and despite the fact that today there is some reaction, we are not out of the woods yet.
Overall on the short term I expect more downside.
In addition, the DAX is presenting an alarming pattern which must be followed closely.
As I wrote several times in the past (in previous analysis) it is time for Capital preservation.
The bloodbath has started.
Today the ugly face of Mr Market made its appearance.
From a Technical Analysis point of view we have entered in a downtrend period.
What happened today was, according to my opinion, the confirmation of the signs of the previous week.
The NDX was vulnerable and other indexes too.
I expect 5 waves down which should reach the purple zone...
VIX is the VOLATILITY index.
Officially called the CBOE Volatility Index and listed under the ticker symbol VIX, investors and analysts sometimes refer to it by its unofficial nickname: the fear index.
"Technically speaking, the CBOE Volatility Index does not measure the same kind of volatility as most other indicators. Volatility is the level of price...
ITALY is the new danger to Europe, or to phrase it better, the Italian budget is the new danger.
The new Italian government for now defies the EU rules for debt through its possible budget and until the 15th of Oct we will know what will happen.
The major European Index, The German DAX, is presenting an alarming image.
Preserve Capital seems the best to do now...
In PBR we had 2 long periods looking at the Monthly chart: The first was "to the moon" and the second "to the Abyss".
On the chart is like a huge inverted V pattern.
Since then, PBR started to regain some ground with a nice constructive move.
I believe that we are at the start of a long term uptrend which could lead PBR towards $30 and even higher.