Incredibly copper is showing up to a 2 month bounce coming - followed by a very large drop in in the market exceeding the current route.. Incredibly with a short analysis it is showing that it predicted large moves in the market from 50 - 140 days ahead of the event.
They always reverse themselves, doesn't matter what the stock is underneath it. This is one of the most predictable market indicators there is.
Learn your 1,2,3 decay harmonic pattern. Once it gets above 40 it will usually have some kind of double top. If you turn it upside down it will show you the double-bottom in indexes (SPY/SPX) that has a VERY high probability of forming in instances where VIX is very large
The supertrend is now the watch. $200 SPY The Federal Reserve directly monetized $108 BILLION in the stock market and really did not stop this trendline wedge. If they want to have a stock market in 4 months they need to print BIGGER. They have to break this trendline with a Tranche in the TRILLIONS. Shorts must be punished. Either that or a collapsed...
Historic Day: Fed To Buy A Record $107 Billion In Securities Today Alone As Fed Balance Sheet Explodes www.zerohedge.com That was it the drop is being arrested by unlimited printing. The hard line in the sand drawn by a very BIG Ctrl-P.
There is real evidence that a final double bottom looks to be in the works shortly. How this will develop will need study. The market looks to have 'digested' the new normal of a pandemic. 1000 point drops are hardly mentioned on the news. Two weeks ago it was blaring headlines. The 'mother' of a super-W formation does look like it could form. Watching. I...
Again, this must trend break to the downside before the trend can bend. There is nothing more accurate I have ever seen in market analysis than a trend break.
Downward wedge formation - that must break to the down side. However with market limits it is interesting how the market is going to break this super steep downward trend in order to turn. If you analyze markets all charts must break a trend line before it can begin a new path - almost always on the opposite side of the future direction.
Whatever I predict - the market moves the opposite direction - so far with unusual accuracy. I post dumpster fire today after market - it's now limit up in the futures. Two days ago I predicted a rip-your-face-off rally it dropped 2000 points. Thus from now on I should give my analysis and then take the opposite position... /sigh.
The next watch window is the indicated trendline... - Duestche Bank is the banking 'canary-in-the-coal-mine' to watch. - DB stock is close to $5. At that level insitutionals can no longer hold them as they become 'penny stocks.' - Good bank / Bad Bank could sweep the world with forced bail-in.. - You will not have a long period of time once the first bank goes,...
It's going to cause the mother of bear traps and a rip-your-face off rally. Again a good trader must change their position based on changing variables. This is huge. It can be fully expected they will print *whatever* is required and POUND OUT THE SHORTS.. If you look back to 2007/8 they bought $3.7 TRILLION in equities which they are holding to this...
Here you go.. a nice plate of dogs breakfast. There will be NO RISE in this market while world Covid-19 cases are climbing, and statisticians are predicting up to 1 BILLION people will be infected within 81 days roughly.. But that's for your discernment: www.zerohedge.com With a mortality of 3.5% we are talking 35 million perishing. Sorry there is no rebound...
There is really nothing to say. I firmly believed that the feds would do whatever was necessary - and they had unlimited funds - and that has not worked in any fashion. Fed's opened up a $1.5 TRILLION dollar REPO operation to support bonds today - and it didn't even slow the market drop down! www.zerohedge.com Trust is finished - if this ever comes back...
Have a look.
This is the first event since 2009 that did not have a single V / W bottom pattern - however it could still potentially do so - yet on a larger scale. The important thing to note is heavy volume - for someone to sell - someone had to buy. I cannot stress so much how shorts must move extremely quickly before they are trapped in a vicious rip your face off rally....
Do [NOT} be short after 2 PM today. NEVER SHORT. NEVER. Shorts are about to get monkey hammered just like last Friday. The market might consolidate over Monday and then will rip higher. If it crashes hard you can make bigly on some 1 month CALL contracts. * Prime Rate was just lowered, it means that corporations can borrow money more cheaply to buy back their...
If you did nothing at all you'd make ~7% a year just buy and holding SPY. If you bought dips to the bottom of the trend line you'd double that - probably 14%. Ironically what is the current growth rate of the national debt and Fed balance sheet - ~5% / year. Never - Never - Never short this. Just buy the dip, or buy and hold.
This trend line has held for ten years and unless it makes a LARGE parabolic climb to the upside it is just going to keep going up. Corrections might come to the bottom trendline - but in a forced inflation economy at ALL COSTS no correction bear market will be permitted. Your're trading orders are simple : BTFD.