I already posted an idea about this Index, but been asked all week about a shorter time frame. To be honest I can move to lower time frame, but just till daily time frame anyway because I want to show you some levels to keep in mind then.
However as I said previously, we are getting closer to see a massive movement against everybody, except you, who will enjoy the profit and rush the adrenaline, feeling as you would be shagging your screens.
While big investors start to jump out of the train they kick off a bearish move... Why?
The answer is harder than you think, but at the same time it has logical decision. Since some months ago I shared with some friends about this risk, but the market just went higher over and over.
You know I like to apply maths to my trading, but at the same time history, actually economy is a social science, so as history repeats itself economy do as well.
Watch out, I'm not talking about will happen tomorrow or next week, but is something to keep in mind...
A crash could come pretty soon, because factors are more than one.
1. History 2. Currency War 3. War as the worst way we know 4. Real Correction
1. History: I already said history tends to repeat itself over and over. In 1928 everyone was very enthusiastic and even taxi drivers and shoeshine boys bought stocks without any preliminary knowledge, except by some conversations with Wall Street's people. Economy was growing to massive pace, but with an overpriced market. Calvin Coolidge as pro-business President, he went for Anti-regulation and TAX CUTS. Sounds familiar?.
2. Currency War: Currently happening.
3. War as the worst way we know: War is absolutely possible if Trump makes a mistake with North Korea, I hope not, but if definitely will hit american economy and with less budget for tax cuts, less money for government and american society.
4. Real Correction: Real correction is based on cyclical economy, in my case I support the cyclical adjusted price earning ratio, which is coming higher from last 10 years.
However, I love America and I hope to be wrong.
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Have a good Trading Week!
Cream Live Trading, Best Regards!
Bình luận
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Set-up coming up!... Triangle would be the key.
Learn how to beat the market as Professional Trader with an ex insider!
Have a good Trading Week!
Cream Live Trading, Best Regards!
Đóng lệnh: đạt mục tiêu
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FIRST TARGET REACHED AND AGAIN NICELY DONE!
I hope you would be shagging your screens (not literally). Do you feel the adrenaline?, I hope so, you deserve it.
Learn how to beat the market as Professional Trader with an ex-insider!
Sorry man but it won't be a mistake if we do go to war with NK. It will be necessary and the Trump administration is thinking of everything that they can do to avoid war, look at the recent talks NK had with SK, groundbreaking! Anyways, great chart!
wildcreamlife
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@willkgraham, As I said in my post I really hope to be wrong. However, this scenario is still alive due to the different factors mentioned. About a real correction, do not forget "trees don't grow to the sky". Wish you the best!
Jupiter1
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So we wait to see if there is a bounce from these levels and, if so, short the bounce?
wildcreamlife
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@Jupiter1, It depends your strategy. I'm already short from 26,313, but If you are looking for set up, keep in mind levels and triangle, could be a nice one to pull the trigger.
Have a nice weekend and wish you the best!
andrewau2014
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How do you see Trump's market saving talk?
wildcreamlife
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@andrewau2014, Hard to say while Trump speaks about markets knowing absolutely nothing of. So in fact we're seeing exactly the same 1928-29 scenario. Economy growing well, deregulation, tax cuts... blah blah blah. Economy shouldn't be boost by talks (speculations) so my question is: When do we should take our benefits or reduce AMAP the risk? Well, when Markets fly away for a long time, just a few jump out from the train to get benefits while others just listen to them brokers saying "don't worry, is just a pullback", "if you exit now, you will miss profit"... So then the key is to know when to exit. After all, is it really important make decisions based on Trump's talking? Personally I don't.