TD Combo sell signal effect has started simultaneously on many index:
Down we go!
Trade well 😎
buy-sell
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Showing posts with label Market crash. Show all posts
Showing posts with label Market crash. Show all posts
Tuesday, August 4, 2020
Tuesday, July 2, 2019
Saros 127 cycle and the stock market
Following my last blog post with the title Bearish Summer Ahead...
Today is July 2th 2019 and a solar eclipse is visible in Chile and Argentina.
This eclipse belongs to the Saro 127 and the energy outcome from this astronomic event has previously shaken the markets, like it happened in 1929 and 2001.
Here is an excerpt from what Danny wrote in his article about this matter in 2013:
https://lunatictrader.com/2013/03/06/the-saros-cycle-and-the-stock-market/
Solar Saros 127 is also worth mentioning:
*1857: Crash (USA and Europe)
*1893: Crash and depression (USA, Australia and UK)
*1929: Wall Street crash and start of Great Depression
*2001: Market crash and 9/11
The next eclipse in this series will come in July 2019 --> (Today!)
Also interesting to read about the Puetz crash window:
IMPORTANT
A Puetz crash window is coming up in July.. read more here for details https://t.co/4Zk4bjSCk9
July 2nd - solar eclipse
July 16th - full moon and lunar eclipse
Earnings season this year kicks off on July 16th and 17th with the big banks
A crash is coming mid July— Eddy_112 (@niboce) June 30, 2019
I believe we have som interesting days ahead...
Trade well ;o
Sunday, June 30, 2019
Bearish Summer Ahead
The S&P 500 is on worrying triple top pattern and is expected to complete a sell setup following a higher weekly bar close with a higher high above 2964.15. This will result in a double sell signal:
- TD Countdown sell
- TD Combo sell
This higher close on weekly bar should complete this week starting July 1th, 2019.
The same triple top pattern is visible also on the Dow Jones industrial average chart. As the middle top is still the higher top, this could be described as Head & Shoulder formation.
Nasdaq Composite index is telling the same story on weekly chart, where it is expected a higher closing weekly bar forming a triple top at 8164 level. That would complete the ongoing TD sell countdown (giving a blue no. 13) in addition to the previous TD Combo sell signal from early May (yellow no. 13).
A TD countdown sell signal is also triggered on the monthly Russel 2000 chart, this signal would be perfected if we trade and cross 1670.805:
Volatility index, TVIX is suggesting a lower weekly bar to complete the buy setup, thus confirming the bearish scenario starting from second week of July:
In the following chart, the German index DAX is at triple top resistance area, on a lesser time frame chart this index is also approaching a sell signal:
Notice how all the above mentioned index shows sharp V formed rallies and none of them has yet retested the lows, a common phenomena to be expected based on historical similar chart patterns. In my opinion, that is where the market will return.
Expect a sharp decline for a retest of early June lows and perhaps much lower!
Trade well ;0
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