Market recession?
There have been many talks about a recession, every youtube/facebook guru and their mom was talking about it, and although the market crashed late last year it was quite uneventful to the average individual. And we got quite a bull run afterward however, I believe the actual recession hasn't hit yet. on the 22nd of March, the 10-year U.S bond yield curve became equal to the 3-month curve. This shows a strong sentiment within investors, it shows a lack of confidence in economic prosperity within the years to come.
the chart shows a loss in momentum and the downward curve of my macd indicator confirms it. conversely, this could be a flat pattern forming and waiting for a next impulse upwards. but I wouldn't hold my breath.
I believe a second crash is imminent, my analysis is price based and not bound to time, this may take years or days to play out.
set ups*
be on the lookout for a strengthening yen and safe-haven assets like gold.
commodity (oil) correlated assets like cad MIGHT weaken, this will play out with my analysis on UCAD.
the chart shows a loss in momentum and the downward curve of my macd indicator confirms it. conversely, this could be a flat pattern forming and waiting for a next impulse upwards. but I wouldn't hold my breath.
I believe a second crash is imminent, my analysis is price based and not bound to time, this may take years or days to play out.
set ups*
be on the lookout for a strengthening yen and safe-haven assets like gold.
commodity (oil) correlated assets like cad MIGHT weaken, this will play out with my analysis on UCAD.
Penafian
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