Hello everyone! Apologies for the audio quality - my laptop has been acting up. I take this moment to update a prior video I did 4 years ago looking at presidential cycles. Historically speaking, looking at the 90s through today, we tend to see bigger corrections during republican leadership. Clinton - Essentially no corrections. Bush - Two major corrections (dot-com bubble and housing bubble) Obama - Essentially no corrections. Trump v1 - 3 corrections, including COVID Biden - 1 correction in 2022 Trump v2 - Remains to be seen Trump has already made significant waves and has demonstrated that he is not afraid to do so. We will probably see some volatile times ahead. I outline in the video 3 important levels to watch: SPX 4800 - Prior all time high in late 2021 SPX 4200 - Seen as support and resistance in 2022/2023 (was the low in Oct 2023) SPX 3600 - 2022 low and Oct 2021 high A correction to 3600 would be a huge correction and would be worst case scenario in my eyes - I'd be more inclined to think 4800 will be the place we will go. This likely will take *years* to complete and is fully dependent upon how Trump situates the USA from a global perspective. Don't get caught on the wrong side of the trade. Make sure you are diversified and have some cash on hand to take advantage of value plays that will almost certainly present themselves to us. Trade safely, friends!
The weekly RSI for AMEX:SPY has been flashing some warning signs for the past 6 months. We need to discuss why this could be detrimental for the bulls
Its only Sunday , But it broke my 1hr green trend line and its going down . Its a big imbalance below so I know It has to go down there to fill that. But let see . I think this will be a bearish week.
The ETH/USDT daily chart is showing a potential bullish setup with a Falling Wedge pattern, which often indicates a trend reversal to the upside. Additionally, a Bullish ABCD Harmonic Pattern aligns with key Fibonacci levels, suggesting that the 2817-2700 support zone could act as a strong reversal point. The RSI is in oversold territory on 4H, hinting at a possible bounce soon. If the price breaks out of the wedge, the first target would be 4,112 (46.10% gain), with a second target at $5,002 (77.18% gain). For traders, entering near 2817-2700 offers a good opportunity, with a stop loss placed just below $2,496 to minimize risk.
CAPITALCOM:GOLD Hi and good morning. As usual SOP wait for the price movement and meet the entry criteria then we proceed. As simple rules and SOP as followed: 1) If H1 and/or H4 breakout GREEN RESISTANCE , most probability market UPTREND. 2) If H1 and/or H4 breakout RED SUPPORT , most probability market DOWNTREND. Happy trade and good luck
This is a technical analysis chart of Gold (XAU/USD) Key Observations: 1. Resistance Zone: A resistance area is marked in the upper part of the chart, where the price struggles to break through. The price reached this zone and faced rejection, indicating selling pressure. 2. ABC Correction Pattern: The chart displays an ABC corrective structure: (A) represents the initial upward movement. (B) shows a pullback. (C) marks a final upward push before reversing. 3. Bearish Reversal Indication: The price failed to sustain above the resistance zone and started declining. The red arrow suggests a potential downward move. A short position (sell trade) is highlighted in the red-shaded area. 4. Key Support Zones: The price is approaching a highlighted support region where buyers may step in. A deeper pullback could lead to the lower support box. 5. Volume and Momentum: If bearish momentum increases, price might break support and continue downward. If buyers hold support, a bounce back towards resistance is possible. Conclusion: The market is currently showing bearish signs after hitting resistance. A short trade setup appears in play, targeting lower support zones.
Prices will drop a little more to buy, the route I determined before is still valid. It will drop at a reasonable price with other similarly correlated products. I am waiting for the drop to buy.
With fib, current trends, patterns. Possible touch to 92K. I’ll open up a 1x margin short
I have been waiting patiently since January 20 (Trump's inauguration). The coming weeks will show how justified my patience was.
Lots of IFs could be ready to happen here. Break $40 in the next 2 years?? 800x Doubt that it will pump that hard but it could!! I think we are in the part of the market that we'll see some amazing fireworks!! NOT FINANCIAL ADVICE