Some annotations on the $ARRK chart. My opinion is that when we break 80 we go straight to the 40's area. The pump was the wrongdoing of Masa, Billy & others. Options, gamma, low liquidity, etc. Nobody really bought there, I doubt they will be buyers on the way down. Fast.
Facts don't always translate into reality, but the facts are here for the $NAS statistics of head and shoulders patterns - In 93% of cases, the exit from the head and shoulders pattern is bearish. - In 63% of cases, the price reaches the objective of the head and shoulders pattern when the neck line is broken. - In 96% of cases, the bearish movement continues...
This is a study on the impact of the year start to identify top and bottoms. Not a panacea but reliable most of the time.
Here's an explanation on how you attract people into "cheap #BTC" and how you create a Thanksgiving rally all details on chart
One month performance $SPX $XLF $XLE $XLK $XLY $XLE & $XLF explains most of the $SPX performance of the past month but they are starting to roll over. Rotation back into tech?
Let me explain this week price action on the $NAS Comments on the Chart.
This is getting quite interesting... the poles are getting more and more vertical while the consolidation are getting shorter and shorter...
Yield Curve #YC Chart updated. $USOIL $COPPER $SPX #10s02s This looks like a top. Last peak looks like 2016. Our leaders didn't a down day on the $SPX. Now cycles are getting shorter and shorter. Last one: 1 year. One day reality will kick in.
Copper seems to be in a topping area... Copyright: Wikipedia Kitchin cycle is a short business cycle of about 40 months discovered in the 1920s by Joseph Kitchin. This cycle is believed to be accounted for by time lags in information movements affecting the decision making of commercial firms. Firms react to the improvement of commercial situation through the...
$SPX seems there's starting to be some pressure on that trend line fron the March's lows (green) (blue is a regression channel, circles trend lines impacts) ...
Things could get interesting for the $US10Y if we repeat last week's pattern, with the yield stabilizing above 1.5
There are 2 gaps left open just below. I think bulls are betting too aggressively (arrows). They didn't wait for a touch on the trend line/channel. Best way to get burned.
Lost main trend line days ago ... I think more downside to this
I don't really like the idea of TA on yields because it makes little sense. But what if the 1.4% becomes again a "support" area for the $US10Y? It seems so far it doesn't really know where to go but likes it there...
Loads of danger on the ARKK ETF IMO, previous support is turning into a resistance & there's not a lot of volume below
Trying to assess risk aversion by plotting SPX - EM currencies (TRY MXN RUB) & DXY
Could signify a reversal of the current trend