Hello all,
I am sure you pay some attention to global markets, (US) national matters/news.., etc., you may be noticing a growing sense of uncertainty.
The charts seem to be too.
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Of course, dramatic news can void any chart 'pattern.'
This isnt necessarily a pattern. It is simply weak. The chart looks week, the only way I would consider it a "bull" market again would be touching new ATHs. I put aside any notion of an overinflated market, only for the purposes of this "idea."
What do you think?
I dont think a recession will necessarily come from this, but perhaps as low as 200MA (from the chartside). Opinion only! I am interested in yours.
I am sure you pay some attention to global markets, (US) national matters/news.., etc., you may be noticing a growing sense of uncertainty.
The charts seem to be too.
----
Of course, dramatic news can void any chart 'pattern.'
This isnt necessarily a pattern. It is simply weak. The chart looks week, the only way I would consider it a "bull" market again would be touching new ATHs. I put aside any notion of an overinflated market, only for the purposes of this "idea."
What do you think?
I dont think a recession will necessarily come from this, but perhaps as low as 200MA (from the chartside). Opinion only! I am interested in yours.
Nota
Strength signs could be shown by sustaining above 8000. Thats the flip side! Not financial advice at all. If anything just a statement: be cautious!Nota
This chart is 50% genius & 50% dogshit
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.