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This is a 60-second screencast. It is designed for thinking - the most important activity in trading.
The black swan is here. COVID-19 will cause economic and health warfare for the foreseeable future. Publishing this to be able to watch it unfold over the years. It's based off 3 month candles displayed as a line chart.
I issue a stern warning to permabulls who are on DJI! Your time is over. The chart shows possible further break down of price. For probably the first time in history markets are suffering supply-demand shock. That means most things that are manufactured will be in short supply and low demand. This is due to: 1. lockdowns of consumers across the whole world, 2....
Key things to take away from this: TD9 is still giving a bear market state. Day traders can sell any selling opportunities if they think the bear is on. Any selling opportunity will most likely to work out. Trump's announcement called some people down. I am expecting the market to go up to set a good shorting opportunity. Take it easy team. See you on...
Have a look-listen. I explore what happened with Gold in relation to the DJI going back to 2008-2009. Then I'm back up to 2020.
The DAX has definitely popped! Some say that the Federal Reserve and the ECB will un-pop what has been popped. I have serious doubts about that! When I was a child I tried sticking back my bust balloon with sellotape and blowing it up again! It didn't work. I think the FED and ECB will be taught the same lesson. They may blow some hot air of cheap money back...
This might be it. I've seen a video recently "A Guided Meditation for When the Stock Market Is Dropping" Loved it. A video to help reassure and relax bagholders. "The market always goes up over time" I keep hearing this over and over and over. It is so absurd, so stupid, but every one keeps repeating it. Complacency much? All these investors need a harsh...
This chart shows the Dow Jones Industrial Average after today's sell-off. In this published idea, we want to take a second to write about bear markets and what they mean. In the media, bear markets are officially defined as a 20% drawdown from a prior peak. Today, the Dow Jones Industrial Average closed down 20% from its prior peak. Technically, this means the...
This is serious picture emerging right now. Have a look. I'm watching what's happening with Gold in relation to the Down Jones Transportation Index, and Bitcoin. This is all coronavirus related. In tight summary, the smart money is moving into things that store real value - the kind that's unlikely to be affected by central banks. Disclaimers : This is not...
There's not much interest in the Chinese stock index here on Tradingview but the ChinaA50 is absolutely important for what happens around the globe. The A50 is in big trouble and more trouble is yet to come in weeks to months. This is just bad news for the rest of the world really. I'll say no more here - follow some of the price action with me on the 4H.
See chart for key pivot points for todays trading day. futures are up small at this moment, if we cannot obtain the pivots shown and we roll over into yesterdays low more volatility is to come, looking for sell setups on the other hand if we can penitrate the pivot lines we could see a relief rally towards yesterdays open levels
TVC:DJI If we are flipping S/R here my next target down on the short side is 26,000.
DJI dropped 1,000 points yesterday, whats next? heres some ways to navigate: 28174 is a key pivot Scenarios: A) a break above 28174 with a bullish impulse should see the gap be filled with more buyers coming in B) a rejection of 28174 could see a inside day then a deciding break tomorrow either way C) a break below 27900 will see more sellers and a trip...
The picture of the 2019-nCOV is rapidly evolving. Globally there have been >14,000 cases and >305 deaths. The trajectory of spread of this virus has exceeded SARS (2003). In under 20 days there are 14,544 cases. There were less than 20 cases in the same period for SARS. SARS plateaued off at 8,500 cases after 100 days then fell off. What we're seeing in hard...
In this screencast I look at the S&P500 on the 4H time frame only. I show how I estimate the probable direction (this does not mean prediction). I give some information on why the markets are reacting to a low grade coronavirus called 2019-nCOV (same family as MERS and SARS). Disclaimer: This is not trading advice. If you make decisions based on this...
I show how trends can be assessed. Word on the coronavirus is also explored..