


There seems to be a great many similarities between the way the 1929 - 1930 market crash turned great depression developed and how the Dow has been materializing thus far in the wake of the COVID crash. With all the interventions by the Fed will we see new ATHs on the DOW? OR Will we see history repeat itself? What do you think?
There seems to be a great many similarities between the way the 1929 - 1930 market crash turned great depression developed and how the Dow has been materializing thus far in the wake of the COVID crash. With all the interventions by the Fed will we see new ATHs on the DOW? OR Will we see history repeat itself?
There seems to be a great many similarities between the way the 1929 - 1930 market crash turned great depression developed and how the Dow has been materializing thus far in the wake of the COVID crash. With all the interventions by the Fed will we see new ATHs on the DOW? OR Will we see a repeat of history?
EURUSD is fast approaching a very significant region of resistance. One that has been respected for the past 12 years. Will we see it continue to hold, keeping the EURO's gains against the USD limited? OR Are we on the verge of the pair breaking higher? Time will tell...
DXY is fast approaching a very significant area of support that has so far held for the past 9 years. Will we see it hold and continue higher? OR Breakdown and precipitously fall lower?
Audcad has rallied hard off the March lows. Currently heading into a very nice area of interest for shorts including the well respected dynamic support/resistance coming from both the weekly + monthly 200 SMA. What's more is since coming off the March lows the pair has seen no meaningful pullback yet. Making the probability we'll see some...
Looking for upside on CADCHF.
Coming up against major long-term support without any meaningful pullback yet. looks like good area to start looking for longs... just a minor bounce could be 600+ pips. High probability we'll see a reaction in this region.
78.6 Retrace of the major move + enormous historical support/resistance zone + 1.3300 psyche level = Good area of value to be looking for longs ;)
Longer term play. -Major historical support/resistance -Major 141.00 psyche level -measured move perfectly aligns with the same level
EURUSD is fast approaching a very key area in the form of a 12-year long trend-line resistance and a multi year region of horizontal support/resistance. The two of which are setting up to provide a potentially key confluence zone.
SP500 is fast approaching a major confluence zone of resistance in the form of: -Multi-Year Trendline Resistance -78.6 Retrace of the March lows -March swing high From a risk-reward perspective. I am favoring shorts. Be wise to wait for price action on lower time frames before getting in short. Best of luck! :)
After the strong selloff in March price has been moving very correctively to the upside. Coming up against major .20 handle along with 61.8 retrace
DOW Historical perspective dot-com bubble vs 2008 financial crisis vs the current selloff. Look left.... there's nothing that rivals the severity of this current drop in outright points drop. Very Impressive indeed. History unfolding before our eyes. I'm afraid it's going to be a while before we see the market back up at the levels it was just at a couple...
With the sell-off in full throttle, the US major indices are finding themselves fast approaching some major historical levels of support. At this rate the S&P500 will soon enough be coming up against key trendline support, which has been held in complete compliance by the Bulls each and every time for the last 10 years since the 2008 financial crisis.
If the selloff continues 2100 will be a very key level, and test for the Dow as it approaches the 10-year trendline it has found support at each and every time since the financial crisis of 2008.
Will be keeping an eye out for signs of bearishness from these levels. Would like to see price still push a bit higher before looking for shorts. This has the makings to be a really great trade with tremendous RvR. Especially as it becomes more and more evident and assumed the feds will be lowering rates and possibly re-igniting the QE machine which will...
EURCHF is at a major multi-year historical lows/support, along with a meaningful confluence of support. Will be on the lookout for longs. For the Risk-takers one could consider getting in long now with the patience to hold. OR For the more risk-averse, first wait for signs of strength from the bulls before getting in long. As for me I'm more inclined to...