$SPY buyers got left on a little island and are now marooned.
Faceplace is really getting it in this bear market. After looking like it might finally rebound, we are seeing a clear indication of a bearish consolidation pattern which can be used to initiate short positions and limit risk. Even though this looks golden, I do not pretend to know what is going to happen, so I always cut losses when positions move against me.
Showing you all exactly how I trade and what I look for.
Apple looks like its breaking out of a bear flag. It's kind of an inside day though so until we get the non-farm payrolls tomorrow I wouldn't be surprised if nothing really happened.
Bond are bearish and continue to show signs of breakdown. Note we are in unique territory in terms of volatility expansion to the downside that could change anytime with a dovish signal from the fed that we all know if coming. They don't have to wait for a meeting to cut rates. Really any dovish language from the FED will be bullish.
At Rex Kwon Do, we use the buddy system. No more flying solo! You need somebody watching your back AT ALL TIMES! Second off, you're gonna learn to discipline your image.
Lets see what happens, trying to get above 3800 TODAY. Just watching and waiting, have a few put contracts but just for fun. Don't jump Without a Chute
Hey fam. Here we are looking at bonds. It's not news but bonds in a bear market. BOE had to start buying after the new PM cut taxes and sent their own market into crisis. Does that mean the FED is going to too? Yeah probably, but soon? Kinda doubt it. Watch this bear flag on the hourly to see what Mrs. Market thinks.
Hey fam. Quick look at mini spooze futes. Getting turnt up this morning and could continue until the market realizes that nothing has changed, and this is still a bear market. Look like daily RSI is getting turnt up and on the hourly we closed outside of a funnel lookin dealio. Not really a bottoming pattern but who knows. For now we are going up up and away!!
This is quick overview of the weekly copper chart and where we are possibly headed. In short, down! I use basic chart patterns, support and resistance, RSI, volume, and the magical Japanese candlesticks to an analyze charts.
Not much technical commentary necessary here, it ain't looking great for my shiny precious
dolla dolla bills yall
bull flag breakout
going higher and higher amen
Bulls had it at the start last week but bears turned what could have been and inside up week into another bearish inverted hammer. If we close below 173 for the next weekly candle we are looking at a drop to the lows around $130 soon after and then the plummet could continue to the $90's by the end of the year. That being said if we break up, above $195ish,...
This may be the most important chart for me in the big picture sense because I will use it's cues to help me decide if my dollars are safe or if I need to protect against inflation now. This chart shows the dollar is either going to pop or drop, hell maybe both(we already had one fakeout to the upside). My feeling is that we are first in for a major deflationary...