Tesla could be headed lower If we take November 4 2021 high to January 6th 2023 low on the Fibonacci Tesla just rejected 3 times off the 50% retracement. 258 is a number I would watch.
Going into Cpi report this week, we could see a major shift down on the next leg. With the Railroads getting ready to strike by Nov 18th. Diesel shortages, and if the Fed mentions a 1% increase in rates All markets including crypto should be on sale right before Christmas. The dow could be at 25,000, Bitcoin at 13,000. I am bearish starting Thursday 11/10/2022...
US Dollar (DXY) COULD HIT 120.00. The last time the dollar hit 120 was in 2008 and 1972 and we know what happened then.
I am overall bearish this week! IMO we will see a push down on Monday, a continuation from Fridays sell off. It will be either Tuesday or Wednesday depending on Mondays candle we will see a rip up to a big resistance of 4100. Then we will make our way back down. if we break down past 1st support of 4000 we can touch 3900, If we break 3900we can touch 3700. This is...
If we start at (1) Jan 5th All time high and move 51 days down to a new low to Feb. 24th 2022 that would be the 1st leg down. Then take (2) Feb. 24 2022 up 57 days to April 21st 2022 that would be a new lower high. Then April 21st 2022 58 days down to a new lower low to (3)June 17th a new lower low, and finally back up to (4) 60 days up to 8/16/2022. If this is...
We are on a third leg down since Jan 5th 2022. The Dow has been in a down channel bouncing off support and resistance. on the daily chart the macd just turned red( sell) . If we break the psychological 30,000 on the Dow we could see lows past the 2020 crash. With (inflation) Gas prices increase, Food shortages, rent and mortgages at a all time high, supply chain...