I've been meaning to revisit NYSE:HG for a while now and finally have done so; there have been some very interesting visits to black swan territory on this chart and the short term targets after breaking out from another of those green channels could really be quite high (see 20y ago) Some very notable calls in recent years: SPREADEX:NIKKEI and TVC:DJI ...
I wasn't going to post about this one as I imagine it's being covered by everyone what with the captain obvious setup on a basic horizontal but since I've covered the Yen before I may as well I haven't re-visted this chart properly since I made some calls about that blue broadening wedge a few years back and the initial 152 resistance (see the related posts...
I've been giving warnings ever since the c0v1d black swan, and especially since the 25k re-test, that Nikkei will grow wings but here's a seeing-is-believing look at where my 40k target comes from For sure it could go higher later and break this key resistance but I would expect at least one more re-test of the navy blue channel beforehand In theory there's no...
Whilst in theory I'd agree with the maximalists that most of crypto is worthless and shouldn't exist it's ultimately my job to agree with the market rather than with other people (and of course especially not with those who care to _disagree_ with the markets) Many will fall for the same trap that was fallen for in December 2020 and capitulate on alts during...
I've been saying for some time now that Dow Jones has _no_ relevant resistance till 40k and now here we are If that resistance fades quickly then the next relevant resistance is at 45k and probably most retailers will come up with excuses to short it the whole way there also "But how did you come up with that number?" See for yourself heh this is a very clear...
I've posted a BTC chart here last cycle, showing the weekly and monthly RSI cheat-sheet of where to buy and sell, and I trust it served many well (see the related idea below) The key to anticipating cycle targets ahead of time is the adoption curve, which is actually a straight line on a chart with log on both axes, but without log on the date axis (unsupported...
This was supposed to be tomorrow's post but since it looks as if the breakout could be underway as I'm typing I'm going to make it right now I'm annoyingly accurate and can see things in the market that nobody else can so at this point if you aren't following me here you basically hate money Some very notable calls in recent years: SPREADEX:NIKKEI and ...
I haven't posted on TV since Dec 2022 as I've been posting elsewhere (check my profile) but I'll begin duplicating some of my calls here and continue if I gather a decent audience here I'm annoyingly accurate and can see things in the market that nobody else can so at this point if you aren't following me here you basically hate money Some very notable calls in...
On one hand there isn't necessarily a reason to expect a meltdown similar to the pace of NFLX or META or more latterly TSLA; but on the other hand, thanks to how much extra data there is, it's possible for the trained and experienced eye to suppose a long term downtrend will rhyme with its own history (see the linked AMD chart which goes back even farther)
As suspected in the linked / related post the higher orange channel didn't hold and what looks like a textbooky head-and-shoulders top has formed; a continued downtrend will likely respect the yellow traffic lines pictured just like the uptrend did
50.14348112*FX_IDC:USDEUR^0.576*FX:USDJPY^0.136*FX_IDC:USDGBP^0.119*FX:USDCAD^0.091*FX_IDC:USDSEK^0.042*FX:USDCHF^0.036 "We can't publish this idea for you just yet" "Wow, looks like you've used quite a few capital letters here. This can SEEM LIKE SHOUTING to a lot of folks on the internet. If you could please tone it down a touch, that'd be much...
The guess I made 6 months ago is based upon prior behaviour (see the other yellow channel from 10 - 15y ago)
This post was originally made a few weeks ago when it looked like below but it was hidden by a moderator for no clear reason:
If AAPL continues downward after another double whammy support wrap-around it could well trigger a collapse to 10k for Nasdaq 100 especially if TSLA goes with it; many are likely to fall for this thinking that up is the direction which makes sense but charts which spent a few years going up for "no reason" can also spend a few years going down for "no reason"
The strong bounce on a confluence of supports--plus the usual "but we've only seen the beginning of the bear market lol" articles--would strongly suggest that the yellow brick inflation road will continue (see both related ideas) and that recent market activity is another ploy to keep retail anxious / confused / short (valid for as long as the highlighted supports hold)
Without worsening geopolitical fundamentals and VIX surging back above the half way line (see linked idea) what will hindsightfully be the re-accumulation zone is likely to form here
Similarly to the linked AMD broadening symmetrical this toppy-looking wedge with exceptionally clearly-defined levels ought to show that there could be a long way down still in a multi-year bear market and that buying levels on this particular chart could be where all time lows on the weekly RSI would later be created
This chart shows 1) a potentially opposing perspective to the linked Dow Jones great depression 2.0 idea and 2) that whilst inflation took a lifetime to cause -90% damage for the boomers it now takes only about a generation for the zoomers to suffer the same damage a century later