NASDAQ:COIN COIN has topped out and is likely to pull back circa 50% to its uptrending support line. This stock has a habit of pumping and dumping. We wouldn't long here.
CRYPTOCAP:TOTAL The total crypto market has flashed a sell signal. By our estimate the entire crypto market will fall by around 33% and bottom between 1.1bn and 1.2bn. This is based on previous market cycles and the average fall per indicator. Right now only one indicator has flashed (money flow), thus our estimate is for a 33% fall. This also aligned with...
NASDAQ:MSFT Microsoft is looking massively extended here. There is an 82% chance on the monthly and 3 monthly (this chart). It is also against upward trending resistance. Expect a massive pullback on this stock. It may be a good short opportunity.
TVC:DXY The dollar will likely be in a TD9 perfected 9 buy next week. This aligns with potential TD perfected 9 sells on the QQQ and SPX. Something is brewings and we suspect that it would be wise to sell risk assets and long the dollar now to next week. Early 2024 is looking like a risk off period. We suspect a strong switch from bull to bear in the first week...
TVC:HSI The Hang Seng Index is priming up for a long term buy opportunity. It may have already bottomed, having bounced off the support line from the 2000 crash. However, weakness in US stock markets (notably the QQQ and the SPX) suggests that we may get a global equities sell off in early 2024. If this happens, and the Hang Seng retests its support then this...
NASDAQ:QQQ The NASDAQ is showing very strong sell signals. Our custom indicator suggests an 85% proability of a significant downside on the weekly. This same proability also exists on the monthly, showing mounting sell pressure. When you also consider the very overbrought levels this is a recipe for disaster. We suspect that the Magnificant 7 stocks will be hit...
SP:SPX There is a very high proability that the S & P 500 will sell off heavily in the next week. Our custom indicator suggests an 85% proability of a significant downside. There will be a perfected TD9 sequential signal on the weekly next week, and there is already a perfected TD9 sequerntial signal on the monthly. If you add in very overbrought levels and the...
TVC:VIX The VIX is showing a monthly buy signal. Historically, volatility increases by around 275% from the low within 1-3 months of the signal. Long volatility here.
BITSTAMP:BTCUSD Bitcoin is topping out on the weekly. We suspect that it will at least come back to the trend line of $30,111 to $31,090. Should this trend support break then a retest of $23,401 to $24,379 can be expected. There is also an outside change of a retest of the lows, at $15,479. Be careful. Don't get too bullish here. This may be a fakeout, with a...
TVC:GOLD Our custom indicator is suggesting that Gold will pull back aggressively. The situation looks even worse on the 6 monthly chart. We estimate $1.2k to $1.45k per Oz within the next 2 years. We wouldn't long Gold at this price. We believe that the Gold bulls are wrong.
Long Bonds are showing monthly buy signals. This suggests a reversal in interest rate hikes within 1 to 3 months. Bonds are looking like a good long term buy at these levels.
My custom indicator shows a 100% probabiolity of a servere drop from Bitcoin's current levels. The weekly sell signals are even worse than at the top of the bull run in 2021. The SPX and NASDAQ are also showing strong weekly sell signals. I suspect some form of significant sell event in the very near future. I would go to cash at this point.
SP:SPX I believe that we top out here, temporarily. Retrace and then break the resistance. Then the proper dump begins, until we see capitulation and the end of the bear market.
The dollar has broken its parabolic uptrend and is likely to fall to at least 106. Risk assets are therefore now the trade.
UK house prices seem to have topped and look likely to correct to uptrending support. If history repeats (like 2008) then it will take 19 months for the retracement to complete. If you are looking to buy a house in the UK then you are advised to wait until April 2024, and buy the bottom. If we enter a protracted recession / depression then house prices may fall to...
Its looks as though the DXY is finally topping out on the weekly. Notwithstanding some form of massive macro event it looks as though the Fed is all talk, and that they will slow down or pivot. At the very least the dollar is overbrought and people are taking profits. Wither way this is good for risk assets. I expect the DXY to come back to 101 to 102 in the...
Bitcoin has flashed a buy signal on the daily, using the Hash Ribbon indicator. The last time that this fired was in August of 2021, after the capitulation crash. This could indicate a bottom in Bitcoin, or at least the start of a bottoming process. BITSTAMP:BTCUSD
Bitcoin is looking like a top will form in the month of October. It has more monthly sell signals than ever in its history. Volume is down, the RSI is lower than the top and looks like a fake rally. The CCI indicator seems to call the top, which hasn't triggered yet. Watch for the parabolic uptrend break. 10-20k bottom is still very likely, once the sell off...