afurs1

afurs1 Updated 

An update on my previous $SPY prediction, currently forming a bull-flag on the 2H. The idea behind this trade follows the falling wedge reversal pattern, accompanied with confluence from the bull-flag back towards all time high. A break and flush below support of the 200 MA, or below our bull-flag support would invalidate this idea. Avoid being overly bearish,...

afurs1 Updated 

American dollar on the monthly time frame. Inflation is making other countries currencies bleed, increasing the DXY. Will we continue to see the dollar run?

afurs1 Updated 

Markets have been bleeding since the beginning of 2022... According to the US Government and Federal Reserve we are currently not in recession. A strong labour market continues to hold up the economy, but will it continue or are we just delaying the recession expectation?

afurs1 Updated 

With all the commotions going on in the markets and global equities, naturally we have lots of fear in the market. One thing that I believe is in order for market makers to move prices and enter positions, they require a massive amount of liquidity in order to execute buy orders, and vice versa when selling. Let's take a look at SQQQ, an ETF that tracks the...

afurs1 Updated 

Bitcoin and most major markets have been trending downward for several months, and we may be seeing some signs of a reversal. Ascending triangle pattern on the 4H time frame we may see a quick pump up to my daily levels at approx $58k. Will we be able to sustain this rally or is there still more pain left? Only time will tell... Namaste!