Updated

Please no recession yet

I do not really know what to make of this.
It feels early to go in a recession, maybe we drop but go back up?

All we can do now is wait and see... Are we getting a gap down tomorrow?

The Dow is down on places where it is being traded 247, so it seems very possible.

But... but Warren Buffet said we won't go down for a while :( No one can be trusted these days.

Note

This is what my gut is telling me "Stop fooling around man you know what's up we done. We sooo done. Stock marlet is crashing like never before. And not just that but all the ponzis: Amazon Apple Bitcoin, aaall of them".

My gut is pretty negative I do not know if I should listen.

Trade wars going to be very profitable to Nouriel Roubini I bet he loves it

Note

Got this count, fits perfectly what I have seen on this depressing planet.

Let's be honest this market is 90% apes. If I see apes call for a major bull market I might be tempted to short position trade. With no leverage I would use 1 out of my allowed leverage of 20, leaving me 19 for major indices gold and minors, 9.5 for Oil etc, 27 for majors.

So I would not be handicapped by shorting this.

It would look something like this:

Probably more interesting with Nasdaq:

I will post a detailed idea if we go past ath once more and I decide to short this.

Note

One thing is certain, if I short Nasdaq I will wait for next fibo @ 8000 points, and I want to see some euphoria out there!

Don't tell anyone...

Ye I'll probably wait for the legendary -100 fibo...

1 century 100 fibo circle is complete Warren Buffet sees a major recession once is in his life and can die satisfied.

Note

Maybe it won't go higher. Smart money is never going to invest now.
Only idiots are left. They probably dried up...

Signs of distibutions are clear, we made a higher high with divergence and freefall right after.

When on the chart did this happen for the last time?

Note

Day 1: Trump acts tought
Day 2: Trump goes to party with Russia and to a head choping with Saoudi Arabia
Day 3: Trump insults his european and canadian allies
Day 4: Trump starts a war with China
Day 5: China argues this won't solves anything
Day 6: The USA government (I said Trump too much xd) doubles up and imposes severe taxes on China
Day 7: China "Sure np buddy" liquidates their US assets.
Day 8: USA states join Russia Georgia Ukraine etc as a past superpower now third world.

:D

Note

*********************************************************************************************
The U.S. economy has a greater than 50-50 chance of tipping into a recession in the next two years, according to a model tracked by JPMorgan Chase & Co.

The probability of a U.S. recession within one year is almost 28 percent, and rises to more than 60 percent over the next two years, researchers wrote in a note this week. Over the next three years, the odds are higher than 80 percent, according to the note.
*********************************************************************************************

Note

6 days till month close.... Let's see if we get the worse month since 2008...

MrRenev

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

MrRenev

Also on: