The stock market is on the verge of an epic collapse set to occur now. The greatest depression in global economies that any of us have or will see is here according to this accurate model. My 'crystal ball' is not based on the quarantined talking heads filling air time with circular-referenced positivity in an utterly negative market. Some loyal readers are...
I have found a pattern in NIFTY 50 which shows nifty 50 is at its peak of bullish and there will be a beginning of strong bearish market.
Boeing (BA), monthly chart: 11 years old(!) support line + Hidden divergence + Dragonfly Doji
2nd leg Down on SPY might have been Triggered on Monday with Bar Break against the Bais the close on Friday Created a chance to get in Short at 285.9 WITH Target at 10EMA Now a fail to make a new Highs will start the trend Lower and it might take it all the way to the lows The trend higher Took about a month but i think a fail to make a new highs this week...
Today the 50 MA crossed over 20 MA confirming a somewhat bearish trend. MA 150 floating over the TOP of both 50 & 20 further confirming Bearish trend OPEC NEWS Wed will confirm bearish trend and DXY also having trouble closing over 100.86 Will update this Wednesday after news to confirm Shorting until 1.4000 as well Entry: 1.40928 #recession2020 is about to...