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The end of the US stock market is nearing

  • #861
  • Feb 27, 2020 3:24pm Feb 27, 2020 3:24pm
Quoting Marcieny
{quote} I am waiting for the selling force to appear ... but will be in divergent resistance soon .. I would say the biggest of all case resitances, she doesn't turn support. I believe the price will not break it so easily. maybe make a 13% correction in a few weeks.
  • #862
  • Feb 27, 2020 3:45pm Feb 27, 2020 3:45pm
All I have to say is people better hope they have a recession proof job if the stock market crashes! And don't make the mistake of thinking it will only hurt the United States. It will have global impact.
Learn from your mistakes and march on.
  • #863
  • Feb 28, 2020 12:46am Feb 28, 2020 12:46am
Quoting Marcieny
{quote}
well done and said. So where are you expecting correction to stop now? It is way past 13% drop.
  • #864
  • Feb 28, 2020 12:51am Feb 28, 2020 12:51am
Quoting Igrok
virus or no virus - doesn't matter... technically the stocks were supposed to top out eventually for the rest of the foreseeable future... and they already did just that... the initial target on the DJIA is clearly located at around 23K area while 18K is also a must regardless of anything... I would expect to see some bounce from about 23K.... possibly even to as high as 27K or so.... though then it should continue its decline... still there is a great chance to see sub 6K levels over some longer period of time...
Must admit! You have been very consistent and persistent with your analysis. well done!
  • #865
  • Feb 28, 2020 12:52am Feb 28, 2020 12:52am
Why 23K Igrok? What so special about 23K
  • #866
  • Edited 3:55am Feb 28, 2020 3:44am | Edited 3:55am
Quoting Forex.RayV1
Why 23K Igrok? What so special about 23K
it's a symmetrical level inside the projected diamond formation... though it's very approximate...
  • #867
  • Feb 28, 2020 3:45am Feb 28, 2020 3:45am
S&P futures don't look good already today...
Attached Image (click to enlarge)
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  • #868
  • Feb 28, 2020 3:54am Feb 28, 2020 3:54am
projected maximum for possible future correction up on the DJIA (from wherever it may start) is 27600...
  • #869
  • Feb 28, 2020 4:16am Feb 28, 2020 4:16am
Quoting Igrok
projected maximum for possible future correction up on the DJIA (from wherever it may start) is 27600...
sir
why gold is down ?
  • #870
  • Feb 28, 2020 4:17am Feb 28, 2020 4:17am
Quoting Unitedgold
{quote} sir why gold is down ?
why gold is going down ?
  • #871
  • Feb 28, 2020 4:43am Feb 28, 2020 4:43am
Quoting Unitedgold
{quote} sir why gold is down ?
technically it has reached it's MOT... was a good time to pocket some profits...
  • #872
  • Edited 12:25pm Feb 28, 2020 9:32am | Edited 12:25pm
Quoting Forex.RayV1
{quote} well done and said. So where are you expecting correction to stop now? It is way past 13% drop.
no one enters the first movement, has correction, and sometimes it is just a warning of being close to the resistance .. I am expecting a retreat maybe in 7570 index nasdaq depends of the monthly close.
  • #873
  • Feb 28, 2020 10:39am Feb 28, 2020 10:39am
Quoting Igrok
{quote} technically it has reached it's MOT... was a good time to pocket some profits...
MOT ?
  • #874
  • Feb 28, 2020 2:35pm Feb 28, 2020 2:35pm
Quoting Unitedgold
{quote} MOT ?
Measured Objective Target...
  • #875
  • Edited 5:48am Mar 1, 2020 5:36am | Edited 5:48am
looks like yet another diamond in progress... this time it's on the GBP/JPY weekly chart... it's hard to tell now in which direction will be the breakout eventually... however even at his moment a decent trading strategy can be considered and a trading plan composed... for now shorting the pair towards the green horizontal line is preferable... after reaching the line such a position must be liquidated and reversed till the third touch of the right upper border on the rhombus is seen... stops for this long position must be placed right under the previous lows at 126.54...
Attached Image (click to enlarge)
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  • #876
  • Edited 11:34am Mar 1, 2020 10:27am | Edited 11:34am
Quoting Igrok
looks like yet another diamond in progress... this time it's on the GBP/JPY weekly chart... it's hard to tell now in which direction will be the breakout eventually... however even at his moment a decent trading strategy can be considered and a trading plan composed... for now shorting the pair towards the green horizontal line is preferable... after reaching the line such a position must be liquidated and reversed till the third touch of the right upper border on the rhombus is seen... stops for this long position must be placed right under the...
GBP/USD ?
  • #877
  • Mar 1, 2020 8:56pm Mar 1, 2020 8:56pm
Quoting Unitedgold
{quote} GBP/USD ?
gbp/jpy...
  • #878
  • Mar 1, 2020 9:05pm Mar 1, 2020 9:05pm
a few more interesting charts with projections...
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  • #879
  • Mar 3, 2020 4:50am Mar 3, 2020 4:50am
Hi Igor, Any further thoughts on the mighty US Dollar index ? could it be just an H&S pattern ?
Attached Image (click to enlarge)
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  • #880
  • Mar 3, 2020 3:19pm Mar 3, 2020 3:19pm
Quoting Edd111111
Hi Igor, Any further thoughts on the mighty US Dollar index ? could it be just an H&S pattern ? {image}
at this point I have no idea what it might be... tomorrow I will post eur/usd chart to think about...
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