Price rebounded quickly after touching the 200 day moving average on Feb 28. For this reason, the market will mostly likely see the 200 day moving average as a major support level. For that reason, a break below this level will be difficult. On the other hand, if price does manage to break below 200, it will be inferred by traders as very strong bearish signal.
It's time for DJIA to go up till mid-March, but the correction is not over until April-May.
EPIC THIRD WAVE ONGOING! 1929-LIKE EVENT! GET YOUR HANDS ON HARD ASSETS, NOT EQUITIES! GOLD AND SILVER IS MONEY, EVERYTHING ELSE IS DEBT!
BEAR MARKETS SLIDE DOWN A SLOPE OF HOPE! RETAIL INVESTORS PILLING IN! 401Ks PRAYING FOR A BOUNCE! GAPS AT 17994.6 AND 28402.9!
Looks like they saved it (for now 😄)
Boomer elite are cashing out after pumping this fragile economy over the last 50 years. Negative Yield Rates / Automation & the environment are going to reak havoc on equities over the next decade. Coronovirus showed us that this bubble economy is held up by nothing more than speculation. How are people going to be able to buy a Apple phones if low skilled...
#Powell and #PPT trying to save MAJOR long-term TL. Will they be able to do it in the next hour?? 👀🍿
A very bearish M candle confirms divergence in DowJ. A deep ABC correction should happen this year. I would not buy it anymore. Bullish trend is bending.
Another close and the golden ratio becomes resistance and the full retracement opportunity arrives. Fibo
Hi guys, If you like this idea, please feel free to share. I had only begun to chart this idea out back when BTC hit around $3121 back in 2018, I also noticed that almost ALL stocks did the same exact thing, so I began to ponder: Why was BTC at it's 52 week low, and the $DJI at it's 52 week low at the same time. How was that even possible? Not sure I have the...
On the Equities front sentiment is starting to shift once again towards the negative side with offloading being done at the highs. After clearing Powell focus is shifting back towards the pressures on earnings from Coronavirus and spillovers, not expecting much more room to the topside in the immediate term. Investors do not like the headlines from China with...