What's moving this market north? Like the Fanny Mae fiasco back around 2008, the 'implicit guarantee' is at play. Go read up what that is about. In essence this is about an idea that the FED will bail out big corporations. The top industry analysts can find nothing of real substance in the fundamentals to move the DJI (and S&P) north.
I explore the 4H and 1D time frames for opportunities to short. Make no mistake, nothing I do or say is a prediction. All my analyses are probabilities based. I look carefully at price action and I am not tied by what indicators are telling me.
Disclaimer: This is not a recommendation to trade securities. For every estimate of probability north, there is a residual probability for the south (and vice versa). If you lose your money sue yourself.
I explore the 4H and 1D time frames for opportunities to short. Make no mistake, nothing I do or say is a prediction. All my analyses are probabilities based. I look carefully at price action and I am not tied by what indicators are telling me.
Disclaimer: This is not a recommendation to trade securities. For every estimate of probability north, there is a residual probability for the south (and vice versa). If you lose your money sue yourself.
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
