sonny1523

sonny1523

late 90s early 2000 dot com bubble which i was in high school for and this current blowoff area that looks like it may just have started. Any company mentioning AI in earnings goes up...example: Dell and of course the other obvious ones, NVDA etc

sonny1523

wondered what the narrative would be for a blowoff top…thought maybe AI, but maybe AI along with easing??

sonny1523

Blowoff top then end of the world?? Looks pretty similar to the dot com bubble i grew up in...hopefully, if is the case, everyone positions themselves and leaves on the way up! Best of luck everyone

sonny1523

been following nasdaq composite and USM2 and risk on vs .com bubble upward channel...here it comes

sonny1523

I still think blowoff top like dot com bubble may be headed our way, then we get the big kahuna everyone seems to be waiting on.

sonny1523

Maybe blowoff top coming with global liquidity about to explode with reserve currency wars? i'm long in growth positions with fingers crossed!

sonny1523

SPX/USM2 is taking the lead and already testing 200 w moving avg, IXIC/USM2 still below 200 w moving avg. Looks like good things ahead...not for the economy, but for markets.

sonny1523

As i hear more people talking about the accumulation phase for Bitcoin, which i kind of agree, but if this is a Wykcoff Distribution for the DXY setting up then i full on agree for accumulation phase of BTC. Fingers crossed and long!

sonny1523

After a long time above the band for the DXY here's the first retest since below.

sonny1523

love to have some hopium in the air with the Chinese 10 yr correlation!

sonny1523

been following this trend for years...currently i'm very bullish

sonny1523

selling seems to be exhausted, and IMO when money even from retail re-enters, i think top shelf crypto is more attractive than "well" tech security.

sonny1523

weekly trend for DXY since 08-09, can see we are either above it for a while or below it for a while. hopefully, for equity holders, it just broke down.

sonny1523

falling wedge retest on the daily...here we go. year long falling wedge breakout retesting the downward trend.

sonny1523

weekly still needs to confirm but coming to the apex of a falling wedge and broken out on the daily and held for support. fingers crossed! thumbs pressed!

sonny1523

i know macro events are important but will just have to see what happens in that regard. haven't broken out of this giant falling wedge for BTC and it's getting down to crunch time...very bullish, in my little opinion of course.

sonny1523

it really feels like a coin flip...the SPX/USM2 looks very similar to 2000 bubble times...if history repeats we are a blowoff top away before the big cahuna...macro is what it is, not much can be done about that, but i'm sure they were saying the same things during every scary bear time previously. For those who think we went too high, well vs the money supply we...

sonny1523

as IXIC/SPX seems to be breaking above support bands, hopeful of course, still need to see how this plays out, the SPX/IXIC, obviously will be the inverse and losing ground, and when pulled up can see breaking down back into the support band channels