DarkMessiah777

DarkMessiah777

Although I strongly discourage the action of shorting in my personal strategy this doesn't keep me from speculating on the possible price fluctuation of the index. Viewing recent recessionary signals such as the inverted yield curve, raising tensions in the US-China relation as well as US-Mexican relations I've come to the conclusion that there might be something...

DarkMessiah777

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DarkMessiah777

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DarkMessiah777

Here is a scary thought for the average Mexican. With the leftist inclination of Mexican President Andres Manuel Lopez Obrador (AMLO), Mexico could near an inflation streak for the following months or years to come. Uncertainty has risen in Mexico about whether AMLO's leftist policies will mean the printing of money to pay for public services and goods or weather...

DarkMessiah777

After dropping from the current bull market Trump announced that we were only but experiencing a glitch in the market, suggesting the bull market will continue. However I disagree with that idea, although I do admit that the sentiment has become more bullish on the recent days I still stand bearish on the market. My reasoning being that the market had been...

DarkMessiah777

Given the new correction we're bound to find a bottom in the near future given that bear markets tend to last shorter than bull markers. However that doesn't mean the price is ready to stop dropping, perhaps given the over sold conditions will lead to a congestion in the price action but my belief is that we will see further price action to the downside. Merry...

DarkMessiah777

Given that the market pushed back down after going above the ressitance level Im now left to wait for price to drop or to rise. Now I'm only buying a small position given that price could continue to fall further. However if it does, I'd be buying a larger position which would compensate for the losses. The reaon why I still trade such a low R&R trade is to avoid...

DarkMessiah777

I don't wish to make a trade on the SPX I only analyse it in order to gain further knowledge of positions I have on stocks within the index. As seen the SPX retraced to a support even when there was strong momentum to the upside and also I could notice a divergence in momentum and price action with the RSI and MACD although I didn't include the RSI in the image...

DarkMessiah777

After the analysis made yesterday on the daily chart the price of google opened above it's previous resistance, this means the 1st trade is good to go, however as a good analyst one must always assume his position is wrong and look for further analysis to try and take cover from any unforsean threats. On this analysis I marked the significant support and resitance...

DarkMessiah777 Updated 

after a large drop google seems to be gaining some momentum to the upside as there is no overextension on the rsi and there is also a price and momentum divergence which is considered a bull signal. Id refuse to buy at market price given the risk of a correction wave pulling us out of the market. However breaking above the support and closing above without...

DarkMessiah777

Given the recent drop in bitcoin price many would be skeptical to buy. However that's not what traders should be doing in my opinion and here is my reasoning why: Bitcoin had reached this price level before mainstream investors heard about the explosive rise on it's price, this means people who actually knew about bitcoin fundamentals were getting on board with...

DarkMessiah777

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DarkMessiah777

Doubble bottom

DarkMessiah777

BTCUSD short

DarkMessiah777

BTCUSD Short

DarkMessiah777

btcusd double top

DarkMessiah777

Btcusd long

DarkMessiah777

BTCUSD long