We have a nice opportunity to sell SPX and DOW in the next Months. WHY?
FED will let rates at the current position, because NFPs are well good, semms so... :D
Gold still rising, Oil is wage.
Problems with trade negotiations with Europe and China, here don't forget the Brexit, its still there.
Overbought indicators on SPX and DOW.
Tripple Top formation with...
SPX has gone to far on fake in decreasing economy outlook 2019
1) No rate cut FED
2) Economic war ongoing China/Iran
3) Overbounght D1-H4
5) Asian markets and Europe are still not following
6) Goldprise rising.
I expect sonn a hard 3-4 day drop.
Targets are first to erase the huge raise in the last weeks since June 2019.
Clear Short, why?
1) Totally overbought D1-M1
2) No Fed rate cut
3) Worst economic outlook since 2001
4) USA - China deal? Come on :D Not
5) Gold runs up
This is typically a blow off in the market bubble before recession.
We can see a clear sell option in Ger 30,why?
RSI on most time frames in hell.
Bad economy data from Germany an EU.
Open Interest rate May 2019 is at 11.500.
We see first spikes of panik buys.
-> We have US Index rise from 22% + since x-mas 2018.
This will explode :D first we correct :D
Clear D1 Ger30 sell opportunity.
We haven't yet solved Brexit :D
We buy long bad economy data :D
April Option Interest is in focus of 11.420 :D
RSI D1 clear overbought sign :D
What is here going on?
Algos doing crap again. This runs on steroids.
Don't get trappet.
Target: 1 11680
Target: 2 11450
Clear sell possible on D1 overbought RSI SPX500.
We don't see a trade deal CHINA/US.
We don't solved the BREXIT case.
We call long bad economy data.
Under this circumstances I see this as another algo fake long D1.
Target: 1 2796
Target: 2 2764
Good place to sell here into the US Market. Why?
1. RSI D1-M15 totally overbought. Dow regained over 6.81% in 2019 till now.
2. SPX and NASDAQ underrated equal to Dow.
3. World economy indicators are on the way to turn lower.
4. 26.000 were latest tops for tournanround.
5. Gold price still raising equal to Dow Jones.
Based long on the end of the end for the short sellers in Dow Jones Industrial.
Based on EMA Moth and RSI Day.
Possible V-Wrap or minimum correction before entering new lows.
Target 24.990 for the next huge resistance long.
RSI sees no lower low on day base! Everything else is mathematical illness.
Possible huge retrace after mysterious sell from top.
Based on RSI H1 D1 oversold cycle.
TP at 11.300 for the next target.
Possible retrace in Dow30 also needed. Dow20 ist almost also oversold.
We also could get a nice rally for 2019 as always in the early months of the year.
-Closing economy war US/CHINA
Good possible short timing for Crude Oil at 73.25, why?
- We have no Crisis
- We have no war
- We are overbought till H4 RSI
- We are still sidewise in trend channel.
Target is southern line trend channel.
Greetings and good luck.
Its time to go back home for the DXY, we had a lot of fears the last weeks, but why trust into US$? :D
Nothing can rise endless. RSI Overbought in W1, D1, H4, H1.
A perfect fit for long term retrace short.
Good luck :)