mockingbird12

mockingbird12 Updated 

If we don't break the 0.9 fib level tomorrow, and make a move down, then we might see a 5 wave correction. Uncertainty before the elections may lead us to one more corrections before it is decided that Trump lost. But if we break the 0.9fib tomorrow, we might see a new ATH right before the ellection that will lead to a triumph of Trump on upcoming elections. 75%...

mockingbird12 Updated 

The economy has to chill. This is a long term outlook on when to get back bullish.

mockingbird12 Updated 

The market can't make another push, and investors are dumping stocks on "dip buyers". The FED talks of buying bad debt, is no good for real investment coming back to the market. Sell in May may trigger slow and steady Phases C and D. Once 3k is broken, i'll be more bullish. Still feel it's a bull trap.

mockingbird12

While all the moon-boys wait for the halving to make them rich and buy lambos, the smart money is already planing how hard it will make that short. I still think that to bottom out bitcoin needs to check it's latest EMA - EMA100 monthly. We haven't seen the price hit there yet, and it will shake out any weak hand of the market as EMA100 is lower than MA200 weekly...

mockingbird12

My previous idea was the end of the world scenario, by witch the bottom price would be at 856 and find the bottom there. This scenario is a bit more optimistic, and includes the period of elections (wave 4) and aftermath mayhem.

mockingbird12 Updated 

Long term view on S&P. You can do the same on DJI, as it is same.