Indices Americas
DJI may face the greatest crash..... DJI had broke down from the 200EMA. Base on Fibo 1.618 the target is in the range of the yellow box, coincidentally collide with the historic support...jobs are loss from all over the world...not just USA alone. Prepare for the worst...
DAX: Death Cross turning into a Buy Signal.DAX has touched (and marginally breached) the 11,620 1D Support today (RSI = 36.615, MACD = -138.200, Highs/Lows = -362.6572) forming a Death Cross on 4H (MA50 crossing below the MA200). This is normally a bearish pattern but has proven to be bullish for DAX on the 4H scale.
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USA.30 BuyWith Price respecting the 24733.12 Monthly support. The bulls have been in controlling and we've seen price rally up.
With the break of 25400 area, we can now expect price rally up into the 26000 Region of resistance.
26000 target also being in between the 61.8 and 71 Fibonacci levels.
Sum of the American indices divided by the price of bitcoinI've been pretty quiet on TV lately, focusing more on YouTube and quick tweets, but someone asked me to post this after I put up a screenshot in the TV chat room. I've been wanting to post one of my newer somewhat unique charts for a while anyway, so I bring you another chart that exemplifies the inverse correlation that I've been noticing over the last year or so between the stock market and bitcoin. I believe it's going to get A LOT more obvious by the end of the year.
Things to note:
1) Bearish divergence from August of 2017 to late last year (purple)
2) The key resistance at 10.5
3) The yellow line goes back as far as 2011, and it matches perfectly with the medium-term .786 retracement level. I expect it's headed there or lower by the end of 2019
4) The daily MACD is far from looking good
5) The medium-term .382 retracement is likely to be a very key level as well, due to the extra support provided by the medium-term uptrend
If you're bullish on the American stock market or bearish on bitcoin, I can't suggest enough that you look at charts like this and perform your own analysis on them. At the very least, they give me a much better idea of what's really going on and I've used them so many times as tools to make accurate short-term predictions on twitter and YouTube, such as my last "stubbornly bullish AF on BTC" one from February 6. If you don't yet know how, see my latest update to my related idea, "Average price of bitcoin against the American stock market." I give a few formulas you can type into the top left box in the tradingview window. This is one of them. This is a very dangerous time to be taking positions, period. But the risk:reward is DEFINITELY so much better in crypto.
P.S. On my 24/7 "Not Financial Advice" crypto livestream(YouTube, twitch, and Mixer), bitcoin just touched the bottom of the 2H ichimoku cloud that I've been stressing the importance of for months. Then it went right back up above the medium term .618 retracement I've been watching for months. I'm about to explode with contrarian bullishness.
AMAZON - UpdateI posted earlier on my Instagram www.instagram.com that I can see downside targets in Amazon for the intermediate term achieved and this could present a buying opportunity. Long-Term I was looking to test the March Lows, however, it has retraced 50%, which is technically the median point of this rally, where traders can load up at cheaper prices.
$NDX $NAS100 - Head and Shoulders CompleteI posted earlier last week on instagram @long2bear, that there was a Head Shoulders break on the #NASDAQ100 and look to sell rallies, the market touched the neckline, then we sold off hard. As you can see, we had our targets mapped out, and you can see, we nailed it. At the moment, on the sidelines until the chart clears up and presents us, with another opportunity.
Twitter: @B15HU
Instagram: @long2bear
www.long2bear.com
FALL OF THE INDICES: NASDAQ WILL SUFFER TOO.. TP'S IN CHART>O YES THE FEAR IS HERE.. exciting times for traders worldwide.. To be continued....
TSX Composite Index Analyst ForecastLonger term into the end of next year the TSX is attractive for bulls. Currently the index may be as much as 6% over the average analyst year end target. Were the analysts too conservative in their 2016 year end forecast? With the fall historically being bearish for markets and oil, a significant pullback ahead seems reasonable.
S&P/TSX Composite (GSPTSE)
13,550 Average 2016 forecast
14320 Average Mid 2017 forecast
15333 Average 2017 forecast
(investing.com)
