cigir

cigir Updated 

Not an easy call. Technically it is more probable XLF to break the upper trend line and resume the bullish trend. But this is end of cycle so the upside is limited in my view with the rates being sqeezed, FED balance sheet tightening.

cigir Updated 

Technically, it is more probable that the upper resistance ceiling be broken for a bullish run, but I feel we will have another pullback to the lower trend line because of end of cycle, banks stage 1 reserves under funding might hit earnings pretty soon as the bank rebalance their reserves to cushion real estate defaults. A catalyst could be Canadian authority...

cigir Updated 

Correction in an expanding market observing basic bubble principle and wave theory, returning to expansion sustainable trend. I didnt put too much time counting waves or setting support and resistance levels. This is just a general feeling and observing of the market. Blockchain technology is great and promising but 2017 boom is hardly sustainable considering all...

cigir

Correction in an expanding market observing basic bubble principle and wave theory, returning to expansion sustainable trend. Blockchain technology is great and promising but 2017 boom is hardly sustainable considering all the risks and premature state of the technology and it's implementation. Analyzing the correction structure with Elliot wave theory clearly...