When we take a closer look at the breakout of this flag on the daily, we can see that SPY has 3 gaps to fill. The first being 442, then 431, then the final gap at 424. I expect these gaps to fill in after SPY tappers off around 559 ish if not sooner. Gaps should fill within the next 90 to 120 days before we move back up for the spring summer run of 2024.
My November 1st post of a double-top is becoming more and more likely, but the overall environment does not favor a strong stock market. Strong Summer and Sept/Oct meltdown? Yeah, probably...
This will be the 2 questions we will be discussing today 1. So, what is happening on this divergence and its implication? 2. And who is leading who? a. Large cap leading the mid-to-small cap market? Or b. The mid-to-small cap leading the large cap market? The answer: The mid-to-small cap is leading the large cap market and why is it so? If...
Regarding my post back in November 2022, we couldn't even muster the strength to get to 4,300. Let's face it, we're in rough shape. The Fed will try a few emergency tactics here in the coming weeks which will likely give us some relief in the near-term but the writing is on the wall. One last suckers rally so the sharks and whales can absorb some of the tax...
Technical: Head & Shoulder Complete Retest at $217 (Feb 23 complete) Next likely Support , Channel lower band $75 Fundamental : Mcap = 570bn TTM earnings: 3.3/2.2/3.3/3.7=$12.5bn PER = 46 No Free Money. Tech melting.
With price action following the November '22 fractal step-by-step, we should stay vigilant of a sharp ETH correction. On the technical level, we find plenty of evidence for bulls running out of steam with ETH, BTC, and TOTAL2 all running into major resistance. Combined with a lot of fresh longs entering the scene, all we need is a catalyst to create a mass...
Many people are calling for "another leg down" before we're done correcting, but many people don't comprehend how massive this all is. Current weekly bullish divergence suggest rally soon. But the macro-fundamentals are dire and diminishing quickly 2023 might be one for the record books..... in a really really really bad way
so instead ill just say that my favorite inverse index fund is in full breakout mode! nothing is stopping this from running away with everyones presents, so if you have a gift i would share it now. that being said we are at the top of nadaraya watson envelope, and the nasdaq is in extreme oversold territory, so im expecting a bounce followed by continued melt down...
Is the UK bonds or the gilts the culprit that trigger the global bond markets meltdown? Not exactly. In fact, in April this year, there were clear signals that the global bond markets were already in trouble, and we will discuss that. Content: • Why we should not blame it on the U.K bonds, then who? • How to overcome this global bond crisis? Disclaimer: • ...
As I’ve warning several times that the worst is not yet over despite many bear-market rallies, SPX was rejected by the blue dotted midline of the upchannel from 2009 & was unable to fill the downgap near 4k which instantly became a resistance now. BEWARE: lower lows are coming with SPX barely holding a previous low @3820, a FIB 0.382 retracement from pandemic low....
From the begging of the 2021 the Dollar is taking very serious position in the global currency map. In fact it is normal, because the US Dollar is still global reserve currency. But is it possible this hegemonic position to be replaced with another currency? Some of the biggest names in the investing world think so. Now there are four main theories about the...
Review of the key levels in the major markets as the US continues to melt down dragging others along with it. USD remains high while Oil, Gold and Cryptos take a beating. We may be seeing a major unwind of margin as traders get themselves in trouble and are forced to reduce risk. Key theme is around the USD and whether it continues higher above 104 (USD Index) or...
The trend continues to be your friend until the very end. This is 2 day chart that I posted in the beginning of the year that continues to be in play since the COVID meltdown in early 2020. Price has been in a strong uptrend with very few pullbacks. Even the pullbacks result in dramatic reversals and pumps to the upside. Here is where it gets interesting. We...
Been waiting all year for this. Are we on the verge a large correction?
I show two zones of advantage. The first has happened already. Those looking to short the DAX may be interested in another zone. Certainly shorting after a significant fall is not a great idea, especially as bulls may be looking at a possible double bottom. The zones do not mean that the market has to obey them! The zones create probabilities. An additional...
Looking at the data calendar this week and my overall bias of smart money being long USD I am short gold. I have marked daily order blocks in green and the fair value of fresh range breakouts with blue lines. There is some imbalance in the charts down towards 1500 and gold as set up a rather juicy liquidity pool right near the recent equal lows. I think we may see...
wow what a week. its only Wednesday. boy I do love gold!💰💰💰
Well, let's try to measure it - and "time it", if anyway possible. Look at the title chart! OK, so we just did it. No?!... (The title chart is the simple ratio of US 30-Year Treasuries / Russell2000)