LotusTrading20

LotusTrading20

we may or may not see another retest at former resistance zone, but it's time to start build long term long position in $spy and $spx this chart is a zooming in of a sequence, I will publish images in comment.

LotusTrading20

Bitcoin is entering the blow off phase of historical parabolic run.

LotusTrading20 Updated 

silver's 3rd wave of III is coming and will leave many behind...

LotusTrading20

I'm seeing this possibility of a triple top forming on corn... For longer term positions the interesting part is to try & build longs around or somewhat below 25k

LotusTrading20

Bitcoin projection over current decade towards 1.2 M

LotusTrading20 Updated 

When all the doomers & gloomers wake up from their wet dreams and reality sets in, the bull market will just be ensuing, as per usual projections... I doubt it much, but if we see another big decline 3400/600 area is imo the UTMOST lowest level this market might reach... monthly closes below 3400 and the bullish scenario gets invalidated!

LotusTrading20

expecting a large sideways to down consolidation in korn! long of the lower channels devs and parabola supports.

LotusTrading20

Doge coin looks like in a consolidation period, likely going to test arear around previous resistance

LotusTrading20

$usdrub tends to have long consolidation periods, the currently monthly exhaustion most likely ends up as trend pause rather than trend reversal...

LotusTrading20

spx tested same deviation as backtest of march lows...

LotusTrading20 Updated 

Here I put up a series of deflactors on the Nasdaq 100 Total Return... I like to use Total Return Indexes becuase they acurately reflect the actual growth of the invested money, rather than simple price indexes... I picked the Nasdaq because as you may have noticed from previous posts the Nasdaq is the absolute winner in terms of performance in the last 15...

LotusTrading20 Updated 

in this chart we look only at EM charts, and notice India and Indonesia are the exceptions as most markets still below 2008 in dollar basis... this is true not only for EM but for the utmost majority of markets in the world. few other exceptions i found are germany, switzerland, korea, japan, denmark & netherlands...

LotusTrading20

trend is ongoing, does not seem at all like any further fall is coming... i look for some kind of M patern, or double bottom to form the next few weeks... lower lows, loosing channel mean invalidation + potential trend change, as for now we still buying dip, sell rallies of 8/9%...

LotusTrading20

usdbrl is in a long term bull market with parabolic looks

LotusTrading20

just for charts! $ndx historical channel with breakout line

LotusTrading20

as long as November 2020 breakout area holds, $spx remains a long in the longer term picture!

LotusTrading20

Nasdaq still has room to go... lots of room! looking for long positions near to the parabola...

LotusTrading20 Updated 

Trend is up, price is stretched... as long as the Mid-Line in blue does not become resistance, we expect the decade long trend to continue up, towards the upper channel deviations around 6 and 8k. the areas to watch are 3930/3850/3730