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VWO - following the forecasted trendVWO is finishing a leading diagonal first wave out of the the contracting triangle as forecasted in the April 5 post. It should continue its positive trend ahead with minor corrections on the way. The possible end of minute wave v of minor 1 should be at around 39. After this minor 2 wave should retrace to around 35 before the up trend continues. If prices crosses the lower leading diagonal channel, the odds are that minor 2 correction is already happening. FOLLOW SKYLINEPRO TO GET UPDATES.
AMEX:VWOLong
by SkylinePro
STI - Singapore - poised to deliver 15 to 25% during next 10daysSTI finished a primary degree contracting triangle pattern that should initiate a long path upward from here. It seems to be tracing a 5 wave move up that will form a minor wave 1 pattern. Currently we should be beginning a minute impulse wave 3, the strongest of the impulse waves that should deliver from 14 to 24% returns up to the next 10-15 days. Price-to-book ratio also confirms the pattern. Time to catch it ! FOLLOW SKYLINEPRO TO GET UPDATES.
INDEX:STILong
by SkylinePro
IBB - reached forecasted target and should correctIBB reached the target we forecasted on May 6 and at this stage it should have completed primary wave 5. It should now start a correction that can take it to new lows. The alternative scenario would be that we would see a minor correction to around 115 before trend to new highs. However, in both cases prices should follow the path to at least arounf the most probable target of 115. If prices crosses up 136 this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
NASDAQ:IBBShort
by SkylinePro
NIKKEI - NIK225 - Intraday - We look to Sell a break of 19425 (stop at 19500) Posted mild net daily losses but all trading confined to the previous days range, an indecisive Inside Day. Posted a Double Top formation. Expect trading to remain mixed and volatile. Further downside is expected, however, due to the strong support below we prefer to sell a break of 19425, which will confirm the bearish sentiment. Our profit targets will be 19200 and 19050 Resistance: 19585 / 19750 / 20000 Support: 19425 / 19200 / 19050
FOREXCOM:JP225Short
by Signal_Centre
The Future of Food (Wholesale Foods)The Future of Food (Wholesale Foods) is very important on Earth! The price of food today is about 7 to 10x what it use to be in the middle of this past 20th century (1972ish). Just before the the beginning of the 1990's there was a sudden "wholesale foods" boom. The value of "wholesale" food companies like Costco doubled after one time around the sun and then went up by nearly 20x value in the early 1990's and then value of "wholesale" foods suddenly dropped? After an almost complete collapse of the "wholesale" foods industry in the early 1990's was perhaps the most important time in the history of "modern food" on earth. Its likely that food prices need to go up because grocery stores are making so little money.. Many people are use to walking into a grocery store and seeing it full of food. I was really surprised that a certain large grocery store made almost $200,000 dollars per employee per year. Grocery Store profit (however) are less then say 5% in actual profit and sometimes as little as 2%. Many grocery stores are billion dollar and certainly million dollar businesses. When you think about it the food economy should be and is a multi trillion dollar a year industry. When "wholesale" foods started going up in the mid 2000's they went up about 1000% times and then 2000% up!? Today the value of the stock is about 12200%+ more than the value that "wholesale" started at in the 1980s. If you study very very carefully the entire history of "wholesale" foods, the "first" ideas of "wholesale foods" was not accepted. "wholesale foods" had one full year of problems before it started. These early problems with "wholesale" foods are (clearly visible on the exponential graphs in the late 1980's) Its likely that our actual virus and health problems are actually cased by buying and selling "strange foods" particularly in Wuhan China and perhaps even a larger problem in Indo China and Costal Asia and Pacific Islands. Its likely that the problem we are seeing is with “wholesale foods” globally. The problem is not just with the "sick animals" its "water pollution" along the Yangtze River which is one of the most important fresh water rivers on Earth and the central river in China. For several decades NASA imagery of China and India and Thailand has shown so much air pollution in these areas that its viable on live “NASA Worldview” Imagery every day for years and years. In many places around the world you cant even see the ground from a satellite image because there is so much air pollution. The foods market in Asia and in Wuhan was actually called the Huanan SEAFOOD WHOLESALE Market. Although the COVID-19 Coronavirus is a “respiratory” virus the market actually had a lot of “seafoods” and was also a “wholesale” “fast foods” market place. It maybe that one of the key problems is actually a "wholesale" foods marketplaces problem? Environmental problems are perhaps the key to understanding modern economic collapse. Hope this helps you! Asher!
NASDAQ:COST
by idasuperman
NIKKEI 225 - new highs aheadNikkeI index has shown indication that it had finished primary wave 4 and it's beginning primary 5 up, which is a nice impulse wave to be in. Primary wave 5 should push the index to levels higher than the previous primary wave 3 during the next couple of years. In the short-term, NikkeI is beginning minute wave 3 up in a good point of entry. An alternative scenario can command if the index fall below the low of primary wave 4. FOLLOW SKYLINEPRO TO GET UPDATES.
TVC:NI225Long
by SkylinePro
4
NIKKEI 225 - more than 10% gains in next 10 daysIn our previous post of April 5, we anticipated a rebound in NI225 after the completion of primary wave 4 that would led to a steady growth ahead. Since then the index increased more than 7% and the odds increased that intermediate wave 1 is under way up. The index completed minor wave 2 and it is now tracing the longest and strongest wave of this degree. The next target should be around 22,000 (12% gains) and take up to 10 days to reach it. FOLLOW SKYLINEPRO TO GET UPDATES.
TVC:NI225Long
by SkylinePro
World Equities to Face Huge Selling Pressure due to CoronavirusHang Seng and major Chinese indices are going to be tested immensely with massive selling pressure as the virus continues to worsen; latest updates show contagiousness even before individuals show any sign of symptoms which is exacerbating the worry level in China and around the world. With rising cases, it is likely the WHO will declare a global emergency and when/if this happens that will sharpen the equity declines. The markets, as overbought as they are around the world, particularly in the US, a 5% pullback cannot be ruled out. As for the Hang Seng, the first target is roughly 27,150 with a 2nd target around 26,500. If the latter target fails we could see the Hang plummeting to 26,000 or lower. In the long-term the markets will rebound, however it may be many weeks before the markets grapple with this. While in the past markets were able to rebound from H1N1, Ebola, Sars, etc, it is important to note the markets were not nearly as overbought as they have been (particularly the US markets). It cannot be ruled out that the SPX can fall to the 3026 level if this is not contained quickly. At this point, it seems that it will take a while to contain. With a trade war still somewhat present, and a fragile global economy, this outbreak certainly has came at a very poor time. - zSplit
TVC:HSIShort
by PaulDeep19131
1
Hang Seng: Emerging Golden Cross on 1D. Buy opportunity.This is an update to our HSI position posted in November with regards to the bullish signal on a symmetrical pattern as seen below: At the moment the 1D chart is on neutral price action (RSI = 51.993, MACD = 310.060, ADX = 31.212) which technically is a good buy signal. On top of that, a Golden Cross is about to take place on the 1D chart, which is an even stronger buy signal and if the price bounces off of it, it will make a perfect Channel Up. The first Target of 29,000 has already been achieved. 29,500 and 30,200 are next based on the Symmetrical Resistance levels. In September, 2019 we've made a similar analysis with targets based on Fibonacci retracements and is already near the first target: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
TVC:HSILong
by InvestingScope
1
Asian Stocks Are Sundry After Fed MeetingAsian stocks on Thursday became mixed in its morning trade following the U.S. Federal Reserve cuts its key interest rate for the second time in two meetings. Hong Kong’s Hang Seng Index dropped 1.2%. Aside from that Asian stock, traders are strictly focusing on the development of the ongoing political unrest in the city. Nancy Pelosi, a U.S. House of Representatives Speaker, held a news conference with House members overnight. And this includes Joshua Wong, Denise Ho, and other Hong Kong activists who showed support to the Hong Kong Human rights and Democracy Act of 2019. Pelosi stated, “Democrats and Republicans in the House and the Senate enthusiastically support this legislation.” And she also said that they are one with all who fights for a peaceful and hopeful future. Next week, the U.S. congressional will vote on the legislation. And this would probably include terms like annual reviews of Hong Kong’s special economic status. Also, it will have the imposition of sanctions on those who undermine their autonomy. Other Asian Stocks Then, more on Asian stocks, China’s Shanghai Composite and the Shenzhen Component advanced 0.1% and 0.3%. In addition to that, Japan’s Nikkei gained 0.5%. The Bank of Japan kept its short-term target at -0.1%. However, it stated, “it is becoming necessary” to give more attention to the potential that the momentum towards achieving its price target will be lost. Later in the day, BOJ governor Haruhiko Kuroda will provide a briefing. It noted, “The BOJ will re-examine economic and price developments at its next policy meeting when it updates the outlook for economic activity and prices.” Another part of Asian stocks, South Korea’s Kospi traded 0.3% higher. Meanwhile, Australia’s ADX rose by 0.5%. In the data, it displayed the country’s employment growing 34.7k in August, surpassing the 10k expectation. On the other hand, the unemployment rate gained 0.1% to 5.3%, similar to expectations.
NSE:ASIANPAINT
by Financebroker
BTC/USD: Get above EQ and 16k is on the cards - WeeklyDear Traders all around the world If you like this analysis feel free to leave a like and follow not to miss any trades. BTC/USD is currently trading at 11.6k which represents one of the most crucial levels as it‘s Equilibrium/0.5 Fib. We‘re using the 3D chart at 11610 for pre-confirmation. If we manage to close the weekly above EQ I‘d aim for our OB at 16.1k. LTF chart in the update section. OB: Orderblock HTF: High-timeframe LTF: Low-timeframe EQ: Equilibrium OB: Orderblock
BITMEX:XBTLong
by CleanTrades
China Breakdown Imminent.Be prepared. China looks as though it is about to break down VERY HARD and VERY FAST as my Fibonacci price amplitude arcs suggest recent price rotation is setting up for a deep downside price move. My estimate is that this will happen on or after my Aug 19th projected breakdown date. My opinion is that Asia/China are about to crush the market with a complete price collapse that may lead the rest of Asia and some of Europe into chaos. Plan and prepare. BUY GOLD.
TVC:HSIShort
by BradMatheny
1