On the Quarterly chart - the RSI indicator on Nifty is showing a value of 83% or more indicating it's in Over Bought Zone Back in Jan 2008, the RSI went to a high of 87% and Nifty subsequently crashed -52% from the Highs. After 16 years, the RSI on Nifty is climbing up beyond the 83% mark which indicates "Danger of a Correction" according to many Expert...
I put together this video to help traders plan and prepare for the next 30-60+ days - as we move into Q2:2024 earnings and pre-election consolidation. Every week, I spent hours going over my Custom Indexes, proprietary price modeling systems, sector analysis, and more. My goal is to help as many traders as possible prepare for the greatest opportunities of their...
It ain't easy being DR CAPITALCOM:COPPER Peaked in March 2022, only to crash -38% & bottomed-out in July 2022. Since then it has fluctuated between Contraction (will Global Economy collapse?) versus Expansion (will Global Economy recover?), while also contending with outlook of China's Economy, yeesh lol. Copper's price action has also been compressing,...
US/Global markets are actively seeking a bottom at this point. We've witnessed the largest unwinding of global excesses since the DOT COM bubble and, before that, the 1929 market peak. Use this symbol to experiment with market trends/setups: (TSLA + ARKK + ARKW + ARKQ + GME ) / 5 In my opinion, the deep selling is nearly over. This chart shows the custom symbol...
The US Current Account value is at the lowest level since 2005-06 (after Greenspan raised interest rates). This indicated we are deeply negative in regard to debt spending and the current Interest rate levels. No matter how you slice it, this deep US Current Account level indicates "something's gotta change" and the only thing that can change given the Fed's...
as we witness a very tight range in bank nifty today. are we gonna have a blockbuster expiry on 07/04/22.as u know traders we should not work on assumptions. I say this cuz I have seen the option data, market sentiments& price action which is indicating a correction in indies tomorrow. BIAS will remain short for tommorw. will not be interested in taking any...
Aggressive posture by Fed has traders booking profit across the globe. Global markets have tanked. Current support zone of 17661 below this level the support is near 17680. Bank Nifty is trying to form a Doji and stage recovery.
This is the current sentiment at this juncture in time/space. looking forward to to recent highs
Things just need to breathe sometime. This is the current metrics at play in the current time/space
Hello traders and investors! Let’s see how the SPX is doing today! To the untrained eye, the 1h chart seems erratic and unreadable, but if we look carefully, we’ll see that the movements were all extremely technical. First, the index dropped to fill the gap (yellow square at 4,198.77), and it found support over there. Now it did an impressive Tweezers...
Here’s a chart of how some foreign equity markets around the world have performed relative to each other throughout 2020. Its based on iShares MSCI ETF performance. This year’s correction and recovery have been unique from prior corrections in that the catalyst was a pandemic that impacted every country in the world, but at different times. Observing the chart,...