The title and the query mark,
as a result of nothing is definite on this recreation,
however it appears to me as if the Dow Jones,
and with it all the main world inventory markets,
might be pushing up one more time to resistance before turning and placing in some massive falls. कब?
I might say imminently,
and by imminently I imply someday this month or subsequent.
If I turn into proper, then the warning might alert a couple of folks to be vigilant for what may very well be an amazing promote alternative, and if I'm unsuitable, and stocks proceed to sail north past the degrees on my chart, then no hurt executed.
The chart is hopefully fairly self-explanatory. 24,700 isn the place I see the primary degree of doubtless robust resistance, if certainly it will get that far, and if it does and continues north, then round 25,000 will create a really good head and shoulders sample, the left shoulder clearly being the 21st Might excessive.
One more factor to say is the very bearish month-to-month taking pictures star candlestick for June. The value doesn't all the time drop instantly after such a candle, it will probably do for certain, however simply as typically such a candle will be seen as a forewarning of what's to come back.
Be happy so as to add something you need to this thread, your individual evaluation or no matter, all posts are welcome so long as they're constructive. Any abuse or pointless criticism and the poster will instantly be banned from all my threads. Sorry, however after posting on ff for therefore a few years, I've had my fill of good asses. Severe posters and merchants solely please.
इसके अतिरिक्त, if anybody desires to provide any correlation with what is going on within the foreign exchange market or in commodities, then please be happy, as this thread is designed to assist, nothing more. Equally, if anybody has a fundamentals tackle how issues stand for the time being, whether or not it helps a giant dump in stocks or not, then that may even be most welcome.
Oh, and one more factor. Take a look at the 76.4% fib help plotted from the 2nd Might low ( quick orange line ). I used to be watching this degree and to this point the help has held completely.
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My ideas are that equities have undoubtedly peaked and there are solely draw back dangers for the time being.
- FED is in a price tightening cycle - unfavourable equities
- Yield Curve is coming nearer and nearer to inverting - Indicators a recession
- DT is imposing unfavourable financial polices via protectionism. By no means have these labored out positively for a nations financial system
On the COT you'll be able to see that equities have been going up however the massive specs holdings have decreased sharply. That is the switch of possession course of from the good cash to the dumb cash. Because of this within the press you can be seeing a number of recommendation to purchase the inventory market and so on . This entire course of takes time although. As soon as they've dumped their holdings there isn't any one left to purchase and we needs to be seeing a 25% value correction.
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