sdzd1234
SPX might form local bottom around $2400 It could go up us much as $3300 before going lower
Dollar will show its strength soon what cause deflation - first target - 1300$ - might extend into 800$ - which would be nice buy for the long term US Dollar is currently safe heaven
General Electric (GE) chart - No fundamentals here - it shows what might happen on chart in relatively short period of time. Similar to GOLD timeframe and market structure - pre 2007 on GE, what will be next?
- First spike lasted over 2 months reaching -50% drawdown from ATH - Then there was +52% dead cat bounce within 5 months, before the worst... - Finally the market went into 27 months bear market reaching -89% drawdown from its ATH During this bear market worldwide GDP fell 15%, for comparison in 2009 fell only 1%. This is how The Great Depression started lasting...
The bounce could be impressive as it is relatively one of better performing assets in recent market drawdown at 218 and below there is huge buying volume
USDTRY is following its yearly trend, as of now it should go much higher - $7.3-7.5, then we could see some correction, but in future probably $9 will see
Over the span of 20 years WIG20 has shown high correlation with Oil price. Oil is leading so both are heading lower
- BTC market preparing for another drop from $6k ~~ down to 3k - then potential Long entry from 3-3.6k with potential for 100% up to $7k~~
to validiate bullish reversal will need to cross about 3.3$, or step to lower level 2.27$
FA: - G20 summit (markets been pumped prior to that event - dump on event) - CME futures expire - FED reduction - 26-28.11 been Consensus Invest conference (BTC been pumped during that time - dump after event) TA: - notice very strong trend channel of entire correction since 6300$ - two gann fans supporting possible outcomes - RSI bearish divergences - RSI...
FA: - FED hikes, - China exporting its inflation, - Emerging market crisis. TA - bullish formation.
FED QT monetary normalization policy. QT will increase to max 50bln from OCT. Besides QT 2019 could be huge inflation of dollar though and further price rise
LSK is going well on Gann Fans and also there is trading range between 0.5 and 0.886 fib
3 important info/news: - low cap 75 mln$ - Grayscale investments adding ZenCash fund to its offer - Hardfork/Supernodes event on 19th of July possible 180% price increase in relation to BTC, but we could easily expect much more...
- VISA network down in Europe - cryptocurrencies taking over - Bearish divergence on indicators
lets first see where the price settle down, then 50% fibo as on chart would be great sell opportunity
yesterday FUD about EOS blockchain fees wa on time with ATH