Bank of America - it will be a great again like USA? hi,
we have a big problem, because when I look on the Simple Wall Street application I see that lot of managers from top banks sold their stocks of their own banks. I think: Citi, Goldman Sachs, GP Morgan,
Please read also ZeroHedge article about banks in USA, only to summarize it: we have to wait to October to see where will be the index of SPX
in Poland we say - without banks there is no hosanna, bullish market.
There is great back in stocks, lot of selling, people are right now on the cash sitting.
I think that looking on Fibonacci - 25 will be tested, o 20 USD?
Also look if there are more PUT or Call Options.
It is better to wait right now and wait for any signal that it will move up back, on all the market, not only on one stock
There will be up and down, hills and bottom, remember that next hill must be above last one that we can say that market will move then up...
Also there must be a calm down - no more sliding down in quick time ...
Wallstreet
CASPER NETWORK EASY 44X- Follow the WALL STREET CHEAT SHEET!
- I made easy 10-20X gains since 2020-2021 by simply following the WALL STREET CHEAT SHEET!
- Invest when the market is in disbelief!
- HIGH RISK = HIGH REWARD!
- A lot of CRYPTOS have peaked above the 4.618 FIB EXTENSION - a lot have peaked above the 34 extension, so from the low we are at now $0.048 we could hit a minimum of £2.14 in the next 1-3 years.
- £2.14 divided by £0.04829 = 44.3 - so if you would invest £1,000 at this low you could potentially turn that into £44,000, then look for another 10X project and that's £440,000 do that one more time and you now have £4.4 Million!!! Easier said than done!
- However if your patient then its possible to achieve those gains!
- NOT FINANCIAL ADVICE!
Wall Street Will Target 31000 By SummerLooking for sells over the next several weeks as Wall Street ended the quarter bearish. We should expect monthly continuation in the bearish direction allowing for the weekly to trend lower. At 31000 the weekly is exhausted and I expect a monthly retracement to the upside short term.
US 30 below the supply zone
US30 is currently below the supply zone of 34500. We can target 34000 from here if the price breaks below 34500 and give a daily closure below this level. My target is 34300 and 34000.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics.
CITIGROUP: earnings coming soonNext week will be published the US most important banks earnings and among them, Citigroup is for sure the one with the best focus. In particular, the US bank is the one with higher exposition in Russia: almost 10 billion dollars.
So, what can be the next scenario?
I'm short on CITI due to both fundamental reason and technical reason:
We are in a short trend, so basically, being trend follower, I will search for retracement to be in.
CCI oscillator gives long signal plus bullish divergency on the price. This can give the necessary boost to the stock to retrace up to 56-58 dollars before getting back to its lowest price.
Long Tesla after Musk's speachTesla, before reaching next highs at around 1190$, can retrace until the first area, that we can visualize in the green rectangle, that covers the price range of 940-1000$. In addition, the bearish divergence upon the CCI oscillator can accelerate the price retracement.
The 200 average shows how the long term is still bullish and Tesla could be above it for the next days confirming its strength.
From a fundamental point of view, the company estimates to sell more cars than the previous quarter although the electric cars industry has faced a serious issue in supplying chain.
NAS Weekly ForecastSweet Dreams Traders, this weekly forecast i can see the market to continue bearish until it breaks a Lower High. Which it hasn't on the weekly and daily timeframes yet.On the 1hr showed a little manipulation move, where it did break a lower high but then rejected back to the downside. Im expecting this week for bearish setups to the weekly's low which is 13024.4. Have a great trading week and comment down your thoughts.
S&P 500 Daily Chart Analysis For March 11, 2022 Technical Analysis and Outlook
Continuation downtrend from our Mean Res 4385, the index created sub Mean Res 4275 for the near-term retest. But the current main target is Mean Sup 4170, completed Outer Index Dip 4150. The Key Sup 4070 and expended Outer Index Dip 3990 are prevailing driving trends, whereas the intermediate bullish moves within the downtrend mode are nothing but an interruption/distraction.
Will 1929 Repeat?Will history repeat ?
The bar pattern overlapped shows a really interesting view on the market structure compared to 1929. Things are looking very much the same 100 years later.
Price hit the 3.618 Fib extension in 1929 and crashed shortly after with the tension of war at the time, you had the Sino-Soviet conflict with Russia and china in 1929.
100 years later we seem to be having the same world circumstances where there is war with Russia involved and we have also hit the 3.618 extension not only that we have also hit this 100 year resistance line that has caused massive muti year pullbacks whenever hit.
I have been following six month RSI bearish divergence for a while now and it now seems with have broken down from this triangle we were in , take a look below.
Zoomed in picture of the bar pattern
It is possible we have one more upthrust to the 4.618 before a big crash this can take 1 year to play out. Human nature is cyclical we tend to repeat behavior and you can see that in the charts .