From not only a fractal's perspective as many of you have seen from comparing price action from 08 & 01 to the present, the Moving Average distance has reached the historically critical levels as well.
The below indicator is MA_dist - measuring the distance price is above & below the set Moving Average (100 daily). The price has stuck its head up above the moving average at the exact same level seen in '01 and '08. This is a critical point in distinguishing what type of bear market we're in. A return to the lows seen a few months ago would likely mean that we're only half way through this bear market capitulation.
Shorting here with a tight SL would probably be my best call. The fear that put us in this price market isn't gone, it's merely priced in & there's really no reason to see any economic upside quite yet.
I'm not sure how this Fall's "famine" & migration in the middle-east is going to affect all of this - there'll surely be fear & for good reason - but I couldn't say how that'll affect the current prices. Is this Fall supposed to be bullish for the US economy? One could argue for & against it - but I'll leave that up to the economists.
The below indicator is MA_dist - measuring the distance price is above & below the set Moving Average (100 daily). The price has stuck its head up above the moving average at the exact same level seen in '01 and '08. This is a critical point in distinguishing what type of bear market we're in. A return to the lows seen a few months ago would likely mean that we're only half way through this bear market capitulation.
Shorting here with a tight SL would probably be my best call. The fear that put us in this price market isn't gone, it's merely priced in & there's really no reason to see any economic upside quite yet.
I'm not sure how this Fall's "famine" & migration in the middle-east is going to affect all of this - there'll surely be fear & for good reason - but I couldn't say how that'll affect the current prices. Is this Fall supposed to be bullish for the US economy? One could argue for & against it - but I'll leave that up to the economists.
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.