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Different subject, is this the next black swan in the making? The Chinese housing market has driven growth for the past two decades and now represents the biggest asset class in the world, with a notional value of between $55tn (£47tn) and $60tn, which is bigger than the total capitalisation of...

I’d say 70 pts up move would be max, but whether it’s likely or not, after such a close on Friday, I’d say not very likely.

Big funds are like a herd, as it is impossible to manipulate stock market (not referring to futures after RTH), they just follow each other. Once the word gets out that one is a buyer others join in and like @schizo said, they all watch index’s major levels, trend lines and averages, as that’s...

From the L Chan’s blog “Powell did not disappoint and gave a clear picture of what the Fed plans to do with interest rate and warned the public that some pain is expected. That clear message should never be needed if S&P just drop to 3400. As I explained last week, the aggregated effect of all...

Personally I choose horizontal levels on at least daily levels.

So getting back to your post which depicted a rising trend line, is this what you expect to be most likely outcome? I do see 3,505 SPX before ATH reached. That’s based on horizontal trajectory rather than diagonal, not that I put any less meaning into horizontal, I guess as another poster wrote...

I agree, but for every line drawn there could be another line drawn. It’s like time frames, there could be a bullish signal on 60 minute and bearish on 120 minute, which one would have the backing of prevailing sentiment?

but that’s just a line mate :)

I don’t usually look at Renko, but have a look at this one.

Breakdown coming up. Who knows, could dip to 10k

Where are all of the last screenshots by @Rickshaw Man and @vanzandt last post that stock markets will not tank and uptrend will continue to 4437 or thereabouts? These posts are gone. Someone cleaned up the thread. Or maybe I was placed on ignore by them :)

Continuation of the downtrend to close August in the red, is more likely IMO. Doesn’t feel like a fake move considering when and why it happened. I think the bigger question now is whether we get a monthly higher low, DB or a breakdown. Even though the US appears to be self-sustainable, if...

I agree that sentiment is most important factor in trading. Who cares what your FA or TA determine if price keeps pushing in the opposite direction of your expectations. Analysis could be correct, but could be wrongly timed. Happens to all of us, hence ‘early’ entries and exits are common. Even...

Yeah, but posts got removed surely.

Where have all the posts disappeared? Who wiped out most of the August posts? All I can say is Phew, sanity prevailed in stocks, and we are heading lower.

I found this to be a very informative video fwiw

Predicting what the market will do is like predicting the future, especially at present. Globalisation seems to be coming to an end, but even that could be reversed, way too many variables. All can do is trade and look where to invest, the US remains to be a better alternative.

Monthly price action looks nuts

Wonder if we will see a circuit breaker this time round. "...Here is a rare video with Jeffery Sherman talking about his thoughts outside of DoubleLine’s own videos. Great educational materials for everyone to prepare for the coming extremely difficult economic environment. If you don’t want to...

Good start. H&S in most stock indexes price action, we are heading down bitches!