racer8

racer8

Euro dollar seems to be in consolidation. Watch for a break out...consolidation always leads to breakouts.

racer8

Crude oil looking crazy recently with that huge candle. I never seen anything like it before. I just had to mention this.

racer8

I'm going to make a guess that Bitcoin is going to go down and break that trendline. What do you think?

racer8

Hey guys, is it me or is crude oil gapping? You heard that right, I think we're seeing a gap! The still believe the trend is down...but maybe that will change very soon depending on this gap turns out.

racer8

IF you haven't witnessed it yet, the EURUSD along with many other pairs have been going nuts over the recent news of the virus. It looks like this pair is forming a symmetrical triangle chart pattern. As for the trend, we can tell yet, but I'd wait for a break on either one of those trendlines.

racer8 Updated 

Stocks are up. Time to buy. The downtrend is over...the virus has taken its toll, and now prices are rising again. This has got to be one of the biggest crashes I've ever seen. Its bigger than both 2000 & 2008 stock market index crashes in both magnitude and speed. So why am I certain? Well based on the image, we can see that price has made a new swing high and...

racer8

The trend is not over yet. I would continue shorting crude oil. The trend is currently very bearish.

racer8

Apple stock looks like it might be in a new uptrend...but I can't say for sure. If it does go up, it will surely go up big this time, since the long term trend is very bullish. If it goes down, it won't go down for much longer. Stay tuned traders.

racer8 Updated 

Charts lately have been going crazy due to the coronavirus.

racer8

Based on the trend indicator, the S&P500 is now in an uptrend. Looks like the coronavirus epidemic is coming to an end...at least for the stock market. What does this mean? It means it time to buy my fellow traders!