If we are headed into 08 Crash...If we are headed into an 08 crash we are looking at a 50% pullback from Novembers top lasting about 70 weeks from November 2021. This would put bottom around 2100 with a complete bottom around June 2023. THIS IS ALL SPECULATIVE and not financial advice. This is just a comparison to the previous drop in 2008 we are facing different headwinds this time around so it is still unknown what the outcome will be. There is a chance for more or less carnage than we saw then. While playing in this Bear Market always remember to take profits quick! Good Luck All
Crash
S&P 500 ( BEST Buying Area ) LONGSince we are facing a supposed Crisis, we are going to try to analyze which zones can be the best buying zones for the S&P500 and be prepared to be able to buy Shares, participations in the S&P500, etc. when the time comes.
We can see that by technical analysis, we are in an uptrend for years. The Fundamental supports are:
- 3194 : Represents the 61% Fibo of the last impulse from COVID19 + Bottom of the Channel.
- Between 2508 and 2185 : ( Zone ) Institutional Support + 61% Fibo of ALL the impulse since 2009.
- 1863 : Last Zone of Institutional Support.
- In case of a break of 1863 the next zone would be between 800 and 700 ( it would be an extreme Chaos )
All these scenarios are possible, although each point mentioned above is less likely one than the other to happen, but you always have to have a broad view of the market.
- The first buy signal to watch for is the monthly RSI. When it reaches the Low levels and we observe a Reversal in the indicator, it has always been the best buying point.
- The next buy signal to watch for are the above mentioned points. The price must converge at the same time in the zones mentioned above. We do not know exactly what point the price will reach, but we do know where we should look.
Once the two scenarios happen, we can prepare to BUY a good amount of Stocks or the S&P500 itself.
These are scenarios that happen very few times in life, we must take advantage of them. In 50 years as we can see we have had 3 equal opportunities that we can live again, from the first opportunity we had 28 years passed until we could have a new similar purchase signal, then 7 years passed until the next signal, and this time ? we are still waiting, 13 years have passed since the last opportunity, but it seems that we are closer to a new golden opportunity ... . Therefore, it is essential to have sufficient liquidity.
Good luck
BTC: Margin call for Microstrategy?!Bitcoin
Intraday - We look to Sell a break of 28548 (stop at 29111)
Daily signals are bearish. A break of the recent low at 28615 should result in a further move lower. 28561 has been pivotal. There is no clear indication that the downward move is coming to an end.
Our profit targets will be 27151 and 26651
Resistance: 30000 / 31000 / 31400
Support: 29000 / 28600 / 27800
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Market Meltdown...Trading plan and review of Key LevelsReview of the key levels in the major markets as global markets resumed the meltdown with the NASDAQ and SP500 down over 4% and DOW 3.5%. Markets playing catchup to Powell comments and also have concerns that the US consumer is holding onto cash and not providing the economy with needed support...Target failing to delver on earnings highlights the concerns.
Safe Havens rallied with the USD, JPY and Gold (to a smaller extent) rallied.
The general trend for major Indexes remains down with the Inflation and Interest Rate Rises in focus....time to be careful into shares as prices could accelerate lower.
BITCOIN and ETHEREUM remained around lows as buyers remained on the sidelines unwilling to again follow share markets higher. Expect that if share Indexes again turn south, cryptos may take another hit.
Markets covered
US - DOW, Nasdaq and SP500
Europe - DAX and FTSE100
Asia - Hang Seng, ASX200 and Nikkei
FX - Dollar Index (USD), EURUSD , GBPUSD , AUDUSD and USDJPY
Commodities - GOLD , Oil and Copper
Crypto - Bitcoin and Ethereum
ETHUSDT MAJOR SUPPORT!!! *SOON 600*ETHUSDT is at major support level which if gets broken ( I think it will) we will see very bearish movement to downside.
Why 600?
This is first support level which can show some sign of support .
You can see it pumped so much without any small pullbacks to feel imbalances in market and now they need to be filled.
I think it will break down because of bitcoin also being very bearish. This isnt move that will happen in week or month.
It will take good amount of time for ti to reach this level
But this year looks like it will be very bearish till the end.
This is not financial advice, I am just sharing my opinion.
Nasdaq - Which Scenario will Jerome Powell pick?Jerome Powell speaking today, market have setup perfectly to react to what he has to say
Nasdaq on its way to 2019/20 high ?Is anybody with me on this one? Just throwing out this idea of a 5 wave downwards structure bringing us exactly on top of pre corona highs. Valuations would be insane when we would actually go that low. MASSIVE buy imo. Keep that cash ready, if you as me atm. I'm in 70% cash atm, rest is in beaten down tech/growth and some big tech
Stay safe
Coinbase: Lawsuits over 'stablecoins'!!Coinbase
Short Term - We look to Sell at 79.05 (stop at 97.30 )
The primary trend remains bearish. We are assessed to be in a corrective mode higher. A move higher faces tough resistance and we remain cautious on upside potential. Preferred trade is to sell into rallies. Further downside is expected.
Our profit targets will be 30.50 and 25
Resistance: 70.00 / 75.00 / 80.00
Support: 65.00 / 60.00 / 55.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Dollars index the game changer !Hello every one today i want to Analyse the dollar index for you.
in overall seems like we could see the higher level for (dxy) for example 107 and 114 or even the scary targets of 120 and 160.
in lower time frames we could see some pullbacks and chart might retest 100 area but if we could stay above 102 the higher targets could be hit.
if this happen, the markets will continue their corrections .
thanks for your attention
this is not the Financial advise . TVC:DXY CAPITALCOM:DXY ICEUS:DXY
Ape shortThe trend is changing direction, aka reversal due to a double top in 4 hourly. 5.84 seems to be strong support, the price however is more likely to follow the downward trend to 7 or 6. We may also have another crash at the beginning of next week.
This is not financial advice. Make your own research and be cautious, especially during this uncertain period.
Litecoin it's in the bear marketIn this overview, Litecoin it's in the bear market and we see that this cryptocurrency it's leading to the previosuly minimum historical price on 2020 and part of them see on 2018 and 2019.
So, in this weekly timeframe, Litecoin forming a bearish descending triangle and retest of this chartist pattern indicating a bearish trend.
And now, in the monthly timeframe it's extremely bearish in Litecoin and the trend it's very clearly that this cryptocurrency it's dominate by bears in this market.