Evening Update for Watch Tomorrow
Rounded top and incoming 4HR EMA Bearish Cross (around 1pm Nov. 6) will confirm downtrend.
SPX at 3064 or below and Bearish EMA Cross develops causing further downtrend.
SPX at 2896 or less and Bearish Daily Gaussian Channel develops.
Rounded Top – “Technical analysis of price information suggests that a rounding top may form at the end of an extended upward trend and that this price pattern may indicate a REVERSAL in the long-term price movement.” - investopedia.com/terms/r/roundingtop.asp
Other Relevant Information:
Federal Reserve of New York, Cleveland, and Fed Reserve Board of Governors ALL PREDICTING 30% or more chance of recession in next year (highest since last recession 2008).
New York Fed Reserve - newyorkfed.org/medialibrary/media/research/capital_markets/Prob_Rec.pdf
Cleveland Fed Reserve - clevelandfed.org/our-research/indicators-and-data/yield-curve-and-gdp-growth.aspx
Board of Governors of Fed Reserve - federalreserve.gov/econres/notes/feds-notes/predicting-future-recessions-20190506.htm "the probability of a recession peaks between 30 percent in 2020 and 40 percent in 2021" - First Paragraph
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY and short SPY.
Rounded top and incoming 4HR EMA Bearish Cross (around 1pm Nov. 6) will confirm downtrend.
SPX at 3064 or below and Bearish EMA Cross develops causing further downtrend.
SPX at 2896 or less and Bearish Daily Gaussian Channel develops.
Rounded Top – “Technical analysis of price information suggests that a rounding top may form at the end of an extended upward trend and that this price pattern may indicate a REVERSAL in the long-term price movement.” - investopedia.com/terms/r/roundingtop.asp
Other Relevant Information:
Federal Reserve of New York, Cleveland, and Fed Reserve Board of Governors ALL PREDICTING 30% or more chance of recession in next year (highest since last recession 2008).
New York Fed Reserve - newyorkfed.org/medialibrary/media/research/capital_markets/Prob_Rec.pdf
Cleveland Fed Reserve - clevelandfed.org/our-research/indicators-and-data/yield-curve-and-gdp-growth.aspx
Board of Governors of Fed Reserve - federalreserve.gov/econres/notes/feds-notes/predicting-future-recessions-20190506.htm "the probability of a recession peaks between 30 percent in 2020 and 40 percent in 2021" - First Paragraph
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY and short SPY.
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.