Jesus help us! New to ECO and probably bought at the very wrong time. Currently watching this falling knife and wondering how I missed there monstrous amount of debt!!! It hurts so bad!!
No idea where bottom is. I thought it was going to eat the gap and recover...looks like its beyond my crystal ball abilities.
Crossing my fingers it doesn't go low enough to cause the DIV to get shut down but it's a huge div so it will either pay it forward like a golden goose or take hard earned money like so many other stocks and leave me thinking about savings accounts over investing!
ECO
EUR/USD Daily Chart Analysis For Week of August 25, 2023Technical Analysis and Outlook:
This week's price action of the Eurodollar turned out to be nothing but down modish as projected, by fulfilling our Outer Currency Dip of 1.087 and drifting to the next Outer Currency Dip of 1.070. However, the dead-cat rebound to Mean Res 1.090 should not be ignored.
DAX: Recession second wave. Vix exp. risk release.Recession second wave. Vix exp. risk release.
VIX exp 17e.
Options is getting volatile. can be sold today and market will crash before even vix exp.
SQQQ is getting much inflows these days and apple and big tech stocks get heavy shorts these past days into vix exp.
Biggest PUT exp is 19e. We need a lot of downside into that to keep options worth.
ZILBTC Breaking 583 is important!This is an update to my idea "Time Machine Update" link below.
Breaking the previous high of 583 the yellow horizontal line of resistance is important to seeing 622 in the near future.
I am holding a few ZIL for long investment not a trade.
I'll hopefully not make another ZIL chart until April. ;)