illuminating_trade

illuminating_trade Updated 

even with pce data all stocks didn't crash. if the pce data were so important, the market should crashed yesterday. However it even bounced back. It indicates that FED will raise only 25bp in March. This kind of good news will drag forward to the market before it appears. I personally belive taht after FED's good news comes out. it is too late for us to...

illuminating_trade Updated 

I am super bullish with dollar index. Wallstreet corporation banks are fighting with FED despite that Powell's pessimistic speech afterward. Fear and Greed index became GrEEEEEEED now :) Extreme greed will appear soon. then Extreme fear will begin. USA CPI data was low as expected. but we have to watch oil price and China's re-opening. Inflation is a...

illuminating_trade Updated 

Key support line just broke. I was thinking inverse head and shoulders pattern was formed. I wanted to see some more bullish move. But after seeing this pattern is all broken. I admit and stay away from the market or short the position from now on. Fed watches pce more than cpi. Since the pce was too high. We have to admit that this market has to go down and...

illuminating_trade Updated 

I was very much pessimistic with bitcoin since 2021 and I was right. The shorting btc gave me a lot of profit since I took off the top of btc previously. Economical data indicates that coin will fall off this year. But I would like to try some short term bullish target to 28500. MACD is strong and steady. people are still pessimistic. I think perfect...

illuminating_trade Updated 

I was very bullish with dollar since 100-102 point I was expecting it to reaches to 106 immediately but the chart seems want to make more remarkable pattern to stabilize the bullish movement. So I analyze that major will make some doble bottom before it goes up and smash the above 106 point :) so I am short term bearish with dollar and long term bullish. MACD...

illuminating_trade Updated 

I know that interest rate and all that news that economical data is in real trouble. I obviously belive that stock market will fail real hard in 2023. But why not take some more profit before the bigger crash? ellliot 1-2-3-4 wave is gone and last wave 5 is about to appear soon. my target is 4300 . MACD is still strong and market has some confusion. And...

illuminating_trade Updated 

buying more opportunity to buy short position around my line above. don't do margin or leverage more than double. trading is all about being patient. I am currently holding little postion but willing to buy more short position if goes above 23000. 18500 was my first short position. FED will raise interest rate soon also. MACE will be very much overbought...

illuminating_trade Updated 

There are so many pessimistic views in the market. Market maker wants to go up further. We have to follow them... it is bad news for the short seller until 4215. FOMC meeting will be dovish. hawkish view will show after March and probably May. But stock market moves in advance 3months usually. Short sellrs opportunity is coming but I guess we have to wait...

illuminating_trade Updated 

Thesedays too many investors buy buy buy gold. This time we should turn against market's trend. Dollar is weak. But I see the strong dollar near future. Moving average is on the overbought line. Also the RSI indicates that gold is super overbought. it is time to exchange your gold to dollar.

illuminating_trade Updated 

well cpi and retail sales were out of expectation. It is worse than our thought. But market wants to go up further more to do some short covering. SEC just passed a some paper works too. So the short covering will begin before market crashes. I am overall bear but I want to make money from this short term bull's period. Take some until 28000.

illuminating_trade Updated 

market is crazy. Did you see the retail sales and cpi? horrible! But why market will go up? I have to say technical issue and some short covering. today so many people invested to sqqq. People can know the great recession is coming. Major needs some disapoointment and goldilocks can be happen. fake bull...what can we do? let's just follow the market. But...

illuminating_trade Updated 

US100 can go up oneday more maybe only today. China's new year is about to finish soon, Why do I care China? because economy is connected with China and USA a lot thesedays. So until that tiem period. US stock market and others can go up little more to fake because Shanghai market finished higher price. macd is also overbought. They are making double...

illuminating_trade Updated 

From the previous analysis I analyzed as oil could bottom at 75 dollar. However it broke my resistant and stayed at 70 dollar point. Even the oil broke my resistant line. I kept my bullish analysis because it didn't show any major bearish pattern. I personally confirm that recent bearish move was just a fake one. I adjusted my bullish target to 90 dollar...

illuminating_trade Updated 

I can feel the super optimism from the NYSE market since friday. yes the powerful volume showed from the market and the last candle and weekly made it would go back to upside from now on. But we need to gear up the pessimistic view again. corporations earning seasons are coming soon, and mostly they will bring the worst momentum and results. last week's...

illuminating_trade Updated 

I personally believe that 3900 will be the highest point in 2023. Economic data are very unstable now. These situation will continue also. I put to 3400 is the maximum bottom line. MACD is overselling but it also have some more room to go down further. Bear will keep appear 1st quarter of 2023.

illuminating_trade Updated 

Pretty much all cryptocurrency will go back to the price where they started. Big amount of money is taking out and the fake bullish movement is hypnotizing all normal traders. I predicted big crash of BTC before and was on the spot. Check out my previous analysis also. Tension of high interest rate and lower demand is also the problem. Monthly MACD and...

illuminating_trade Updated 

$150 is my easy target :)

illuminating_trade Updated 

Last time I was right on short term selling. But I couldn't post more updates because complicated pattern has shown. But this time FOMC's decision is showing that stronger tapering will occur soon in our market. This means it can lost its volume.