Search results

I didn't mean in the short term, although what you say could happen. It could also go side ways for a while as the moving averages come down more

I reckon we will get back to the 12,24 daily EMA lines, one of the two and then start to go south again.

Free champagne?

was that one?

Almost there now right? I can see quite a big retracement coming before a much bigger shorting opportunity. What do you think?

I reckon it will get down to that neckline at the very least. But there will be a ton of buyers in that zone, so I am looking to stay short and take profit towards that neckline. Even if that neckline is breached I would rather get short again after a retrace back up to that neckline.

Nice, looks like an hourly double top on both the ES and NQ. Hopefully a huge follow through now.

I agree. Plus we are just below what looks to be a bit of a resistance line. Plus some pivots and MA lines etc too.

I wonder how many people also see a reverse head and shoulders too though?

Thanks. I meant to type sentiment previously. This is the chart I was looking at when I made the trending down comment. I don't think I was making an claims of certainty, but like others have pointed out, I perhaps don't know what I am talking about.

It does make it harder to predict a downturn, or if one will even happen. Consumer confidence is on a downtrend so maybe once it gets below 60 we might see some bearish activity. If we do see some real longer term bearish activity then I am not sure what the central banks will be able to do...

I believe it's down to debt cycles. The previous bubbles were popped when interest rates were expected to increase significantly enough to prevent inflation, the knock on effect curbed the markets. This time is different, because interest rates have stayed low for way too long, meaning its...

I didnt explain it the best. I am short too, but it was starting to get a bit close to the all time highs again there.

I reckon either this is the top, or we see a retest of the all time highs yet again

Thanks for sharing. This does look interesting. I had a quick look at the data using the below. https://squeezemetrics.com/monitor/dix Just at a glance, it looks like this might be better used to predict a drop rather than a sudden rise. What do you think? I am also not convinced that this...

The market does what the market does, and the news tries to match events with what is going on to help people explain stuff they will never understand. Sure, Omicron and the Fed would have freaked some people out which increased the severity of the movement, but there is a good reason people...

I am seeing the same problem.

Tradingview? Their systems went down at that time