Cyclical Apocalypse 2023The recession we predicted in August is almost here. Prepare for monetary meltdown. Things to look forward to next year:
Mass layoffs (started in q4) and spike in unemployment rate
Retail earnings miss heavily with a bad holiday season
Industrial production drops sharply
Used car bubble pops
Mass consumer defaults on car loans
Housing market collapse
Credit spread blowout
Zombie companies reduced to rubble
Mass bankruptcies
Negative real growth in all four macro sectors (income, production, consumption, employment, etc)
Various crypto exchanges insolvent
Mass panic and bank runs
SPY -30% to -70% drop
Disinflation and then deflation (not stagflation)
Energy bear market
Corporate rates turn into junk
Municipal bond meltdown
Emergency fed pivot but only after something dire breaks
Massive bond rally (tail end)
Its
TNT/BTC - "watch me explode"TNT/BTC looks like a great potential buy here for a powerful move upwards. I am moving my target higher than my previous posts.
Target 1: 0.00000750
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates major resistance.
Yellow line indicates t/p.
This is a log chart.
This is not financial advice.
GOOG: AlphaBet AlphaBet With One Bound It's Free - Buy the next dip
That massive triangle has finally been broken above with one
giant leap across the border - incredibly bullish for Google and
therefore for all world markets.
A major buy with stops below 1042 line and upside at 1180.
Same with SandP - pressure lifted. No war, as the chart was
predicting - a nice RHS on SandP too, next chart
There's resistance at 1064-5 in very near term - may get a last
chance to buy from lower as it hits this level very soon now. Look to buy the dip.
Upside about 118 points, downside 20 from here.
DXY: Dollar Index Dollar Downtrend Finally Reaching its EndDXY Dollar Index Dollar Downtrend Coming to an End
Despite the spike and noise surrounding CPI numbers
yesterday DXY has been forced back down the same small
parallels it was travelling down before the numbers hit the
newsfeeds. As in last comment Dollar bulls still have the
double bottom on their side here. The last one was one week
apart, this one is 2 weeks apart. The Dollar is likely to hold
here at these lower levels and then begin to rally. It's waiting
on Wall St to open now but bears in London have failed to
push it below the double bottom. A sign of waning downside
momentum. Once it can break above the upper small parallel
guiding the descent it should attract more buyers and move
back up to test the 89.37 line where it will likely meet
resistance again...it has to push on through here during the
course of today for the bulls to gain more traction and flip
DXY into more positive mode from this point. This battle may
take some time to resolve - DXY has to fight its way through
three lines of near term resistance at 89.37, 89.51 and then
89.62 to turn back to positive again. Look to buy dips here
and on the pairs with stops under 88.40 on DXY for small loss
if wrong from here. Increase longs on move above the smaller
upper parallel.
On downside, DXY will have to break below 88.40 today to
change this view to near term negative but only back to 87.70
at lowest where DXY should find final support and begin to
rally again. But so long as 88.40 holds up today the Dollar's
downtrend is finally coming to an end.
CRME recently broke its highrecently broke its high, if it struggles to break the Resistance it will fall back to around the low 3's (make sure to wait for indicators to show signals for reversal)
OIL structure play with some potential patterns So, fellas, the blue rectangle represents a pretty strong resistance for todays price action. The level has been tested quite lot and we have a lack of price momentum right in that exact area. Further price decline will form a gartley pattern since the .618 level is around that resistance level I was talking about. Shorting now is an option. I would personally give it a shot. Trail stop order for some pips. However if we break the level and test it again with a bounce off it as a support level that would be a long signal and possibly the end of the downtrend since we just completed the monthly bat pattern that was standing just @ 42.00. We also have the green bat pattern which would catch the retracement of the eventual break of this key structure resulting in a test of it.
Thats all, folks.