Too many ppl bought the bounce. The 5 minute shows the seeling going on and everybody is in. I took my pforits and I'll wait. Shorting tops.
All the red and bad news in the market make me think different. SPY is slightly below a key level and Russel 2000 hit the 2020 pre covid high. A bounce is very very possible here!
At european close, things still looked like they could turn. But now, no bro. I hope you got in to the right direction.
The time has come, to long this one. Have fun and don't take profits :P
No retest of the trendline. The rounded bottom fro europe open was sold completely. A retest of the low is definitive in my opinion.
Data and news are very bad. I don't think there is much more steam in this, even if China says its going to open. Most safe thing to do, is to sell in to the next bounce.
All the bullishness yesterday couldn't drive the indexes over important levels. Each time the sellers won. It really looks like we have to head lower to get a rally. Maybe much lower.
I'm looking for a tiny bounce arround 388 and later go lower for the real one.
Don't get too bullish. The bounce happened too early!!!!
Indexes have bounced early. Very early. There is a lot of support in DXY and a lot of chop is possible. Have your money ready to trade the ups and downs.
Often nobody is absolutely right and things go a path of pain. This is a way it could go that hurts both sides the most.
Either is going to crash, or it will decouple from the Stock market soon. Look at this insane candle!
GIVN is raising prises for its customers. "With higher input costs in 2022, the Company is continuing to implement price increases in collaboration with its customers to fully compensate for the increases in input costs"
Its still a little bit unsure, but it looks like the markets just rejected again. Fasten your seatbelts and put your shorts tight.
Money needs to flow back into the Euro soon somehow. Else this trend will break awefully very very soon.
Its time to turn for the EUR value. Lagarde will speak in one hour. Everything maches up
The target is very very low. And it wont be the last lower target. Be safe everyone.
This chart still shows exactly what price levels and trends the DJI didn't achieve. Yesterdays close, and the continuation overnight show a pretty clear path down. Also watch the volume. It was significant.