One of the massive mistakes I see constantly people making is to take one data point and conclude an outcome. This has been going on for 11 years now all over social media. This chart is no different it does not mean much without further accumulation of other data points in conjunction to reach a likely outcome. So please use this data appropriately. Definitely...
Simple setup. With a bit too much "Mid-cycle adjustment" may be weakening teh dollar.
The Current Economy with high debt, Repo's, low inflation & GDP Growth rate, is not ready for higher interest rates. A very important area for Bond Yields. Historically after an inversion of 10/3 month yield, higher interest rates have been accompanied by higher unemployment and falling stock prices.
short term resistance. correction here is not unreasonable.
Historically the last leg of a bull market is EUPHORIA. When waves and structures do not behave in a manner that is consistent with their usual pop correct pop correct price movements. That is a strong indication of distortion and EUPHORIA. You can look at BITCOIN, Gold, NDX in 1999 etc. to see how price moved to understand what we may be entering right now. A...
High base structures fully formed structure resolve to the updside. Happy trading! :)
While the pattern is not yet confirmed, it sure does look like a duck that is about to sink for a correction. If true, this may be bullish for emerging markets, while bearish for developed economies like EU specifically Germany, Japan who need weak currencies to keep exports going. Mixed bag for sure, especially this late in the cycle which could also mean a...
The last piece of the "Everything Rally" looks like it is about to break out in a big way.
After an almost 14% wave up we can see now the difficulties price is having against this rising wedge structure. I don't think I have to mention the fundamentals suck, corporate earnings suck, and the massive liquidity Tweet Pumping that went into distorting this 14% wave up. Now we have the Almanac experts with Santa Claus rallies etc.. I much prefer to let the...
As expected the breakout occurred out today. Nice move!
Just saying! In conjunction with other data, right now this is a good fit. Complacency is near.
After a 13.5% wave up after an extension of the latest rising megaphone structure that is pointing up and will ultimately resolve to the downside. No one can ever know when a wave will end. Though clues do exist to potential areas of reversal. In such times like this it is dependent on Gov't intervention. QE, REPOS, TWEETS, RATE CUTS, CHINA News, ECB etc.)
Yesterday we saw phase 1 complete in a healthy fashion and today we see phase 2 get underway as it broke the rising megaphone structure. of course, as is the case this entire move up. A single tweet can ruin it all. Manipulation always makes trading investing extremely difficult. But like I kept saying, the law of diminishing returns is always in effect.
As you can see we are experiencing Euphoria right now in the Stocks. Flat corporate profits with rising stock prices. History tells us correction is coming in stock prices. What history doe not tell us, is how long Euphoria will last. I would not dare contest anyone who argues that history is a bad data since we QE did not exist back then. In fact, I would applaud...
The new economic theory gov't and central banks have chosen as a path to economic prosperity is called "More is never enough". The results of this new economic theory has produced the complete opposite effect. As GDP to Debt continues Crash! While asset classes such as stocks and bonds have completely disconnected from economic reality and continued to soar. To...
Nice Short setup well defined risk with a very nice reward!