Death Cross is here, any positive would be temporary..!
The death cross is a technical chart pattern indicating the potential for a major selloff and has proven to be a reliable predictor of some of the most severe bear markets of the past century, including 1929, 1938, 1974, and 2008.
The death cross appears on a chart when a stock’s short-term moving average, usually the 50-day, crosses below its long-term moving average, usually the 200-day. (Investopedia)
Then why the market is positive?
Short covering because of the Quadruple Witching next week..!
What is Quadruple Witching?
Read my previous articles:
The market will resume going down after that or become flat for a while..!(my current estimation is another 10-20% by end of June)
Do you want to review some examples?
ARKK:
NIO:
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
The death cross appears on a chart when a stock’s short-term moving average, usually the 50-day, crosses below its long-term moving average, usually the 200-day. (Investopedia)
Then why the market is positive?
Short covering because of the Quadruple Witching next week..!
What is Quadruple Witching?
Read my previous articles:
The market will resume going down after that or become flat for a while..!(my current estimation is another 10-20% by end of June)
Do you want to review some examples?
ARKK:
NIO:
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
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The market will resume going down after that or become flat for a while..!(my current estimation is another downside move at least 10-20% by end of June)