RCON

RCON

If you look at the 200 and 50 MA we can see they will be converging in late April. If there is a relief rally, it will most likely top out around the 100 MA level. Either way it is not looking good right now.

RCON

If BTC fails to make a new all time high then we are looking at a classic Head and Shoulders pattern.

RCON

So the 10Y2Y is finally crossing above zero. It has been a long time coming. I have been tracking that since middle 2022. I expect it to rapidly rise to signal a recession in late 2024 or first half of 2025. If you also measure the months between recessions, it is about 100 months. If we got back on schedule then we would see a recession around June 2025.

RCON

Did the BTC ETF's help? It looks like we are stuck in a range since they were allowed. We will probably continue to go sideways for a while.

RCON

Potential H&S pattern forming on the S&P 500. If we break below the neckline look out below! This is a contrary bear prediction to my other election cycle bull post.

RCON

If you follow the election cycle S&P 500 usually is in a bullish trend until the election is over. At that point it can have up to a 40% correction or a 50% continuation. Bush Jr inherited the Dot Com bubble and then ended his term with the 2008 Financial Crisis.

RCON

Looks like SPX is forming a Bear Wedge Flag. That is a continuation pattern. The 50MA was not passed on the weekly close. If we break above that 50MA then it looks bullish to me. If we break above the Bear Flag then it is even more bullish. So short term, things look bullish.

RCON

I got this meltup target a while back listening to David Hunter in an interview. When I put it on my chart I was thinking it was unlikely but if you check the trend S&P will hit it middle of this year!

RCON

This is a bull case and probably more likely than the doomer bear H&S.

RCON

Imagine, this would wreck so many people. Let's hope this doesn't come to pass. If a head and shoulders pattern forms and completes then the target would be in the GETTEX:46K region.

RCON

If BTC can follow through with this bullish momentum it has the potential to go to 28500.

RCON

This is a follow up to another idea about this from late August. Looks like we broke the neckline. I marked the H&S pattern with letters ala Peter Brandt style. If we retest resistance then the target is below.

RCON

It looks like there will be a death cross around the 12th of September and we just completed a strange flat looking head and shoulders pattern. Usually a head and shoulders is a reversal pattern but hey we are living in strange times! ;)

RCON

SPX is forming a Head and Shoulders pattern on the 1hr chart. If it completes the pattern then the target would be right above the lower Moving Average.

RCON

Trying to look at the contrarian side of the coin since the Adam and Eve pattern I put in my last idea is Bearish. Green is BUY and Pink is SELL. Currently we are in a BUY phase. The amount of time between the trades are insanely long! This is probably a good strategy for long term investing or maybe when to rebalance a 401k.

RCON

god I hate being bearish, almost like I cannot help it. what is wrong with me?