Crash
Market SnapshotA month or so ago we published an idea titled, Election Surprise, that essentially said it does not matter who wins the U.S. election...the market is still setting up for a massive downturn
What will be the catalyst?
Don't know but if we had to guess it will materialize in the Banking sector
Commercial Real Estate bubble finally bursting maybe?
Again we don't know or care what causes the downturn..we just know that something is coming and we are preparing accordingly
But hey..maybe we are wrong :)
Airbnb (ABNB): Bearish Setup or a Bullish Surprise?After finding support at $113, Airbnb NASDAQ:ABNB is experiencing a rapid rise, efficiently collecting all the imbalances left behind from the previous drop. As we approach Airbnb’s earnings report this Thursday, the company is expected to post a year-over-year decline in earnings, despite higher revenues for the quarter ending September 2024. The sustainability of any immediate price changes and future expectations will largely depend on management’s discussion during the earnings call.
While we don’t base our strategy solely on the earnings outcome, it’s crucial to note that a favorable outlook from management could give the stock a short-term boost. Still, despite the potential for this optimism, our analysis remains bearish on NASDAQ:ABNB for the foreseeable future.
Technically, the 61.8% Fibonacci level aligns perfectly with the point of control from the past three years, offering a strong setup. If this level is reached, it would also complete the filling of any remaining price imbalances. This makes for a compelling hedge against our other swing-long positions.
We aren’t setting a limit order just yet. We prefer to observe the market’s reaction to the earnings report before making a move. This could mean placing the limit order the following day, depending on how NASDAQ:ABNB behaves during and after the earnings call. For now, we remain patient and prepared.
Nasdaq (NDX): US Election Hype vs RealityThe US Elections are just around the corner – a global event that everyone is eagerly anticipating. But the big question remains: Will the election results really have a massive impact on the financial markets? Or, at the end of the day, does it even matter who wins – Kamala Harris or Donald Trump? 🤔
We shared our view months ago: It doesn’t matter who takes the presidency. We firmly believe that a major market correction is inevitable, regardless of the election outcome. The timing? Impossible to predict. But one thing is clear: the warning signs are everywhere. From rising unemployment and skyrocketing debt to relentless inflation, the economic data paints a bleak picture, reinforcing our thesis.
Looking at the weekly NASDAQ:NDX chart, a drop of over 20% could definitely happen. This isn’t something to ignore. But even in the middle of this chaos, there is a golden opportunity: A significant downturn could present a rare chance to accumulate high-quality assets at very cheap prices. This could be the moment to build a perfect portfolio, positioning yourself for long-term gains when the market rebounds.
So, how should you approach this?
See the upcoming volatility as an opportunity, not a threat. Secure your open positions, stay adaptable, keep an eye on the markets, and buy strong assets undervalued.
And most importantly:
Sit back and enjoy the show that both the markets and the political landscape are about to deliver! 🍿
Coca-Cola (KO): Pullback Opportunity as Limit Order FillsOur first limit order for Coca-Cola was filled last Friday as the stock retraced over 11% from its peak at the upper trendline. Despite Coca-Cola's management expressing confidence in their recent performance, investors remain cautious. Zoran Bogdanovic, CEO of Coca-Cola HBC AG, stated, “I am pleased that our Q3 results build on the strength of our first half... However, we remain mindful of macroeconomic and geopolitical challenges.”
This pullback appears to be a natural and necessary correction. Coca-Cola is typically a slow-moving, stable stock, and its surprising 43% rise over the past year warranted a healthy correction. The RSI is inching closer to the oversold zone, and a hidden bullish divergence is forming, lending support to our long-term bullish outlook.
We’re prepared for a deeper retracement and have a second limit order set in the middle of the golden pocket (50-61.8% Fibonacci retracement), just above the Point of Control (POC). Given Coca-Cola’s reputation as a stable “safe haven” stock rather than a volatile investment, we’re maintaining a patient and calculated approach.
Market SnapshotIn every financial crisis in the past the professional market analysts (i.e. talking heads and article writers) from the major firms waited too late to tell you the house was on fire..and they always said things are better than they were
Do you know why that is?
Its because they have to protect AUM (Assets Under Management) at ALL COSTS...even at the costs of your investments
The last thing they EVER want you to do is SELL
Plan accordingly people
$MSFT 1W Bear ABCD Ext harmonic, expecting 50% + drop in priceABCD Ext harmonic pattern is active on MSFT 1W chart. Expect price to form an hns taking sharply lower--50%+ from current levels. See also recent idea on bearish patterns on ES1/NQ1/YM1. HNS will drive to point B, and there is a smaller ABCD bear harmonic that will drive the price to C point of the higher tf ABCD Ext pattern.
US's Resilient Economy Attracts European InvestorsHello!
Chart Explanation & Indicators
EURUSD has been bearish since the weak higher high on 25 September. You find this level in the upper zone. When MACD crossed to the bearish side on 30 September, EUR started a spectacular crash into the bottom zone. EUR pierced the bottom zone and now sits on the trendline. Historically, EUR rallied from this trendline on 27 June and 02 August, as the red circles demonstrate. Rising trendlines, however, tend to break downward eventually. MACD has an active bearish cross and a definite bearish trend. Momentum is growing more hefty to the bearish side. Bears could target the white zone at $1.088 or lower.
Technical Zones
There are two horizontal, red rectangular zones on the chart. The upper zone and the bottom zone . The bottom zone contained support levels where the EUR could bounce on 16 August and 12 September and hit the resistances of the upper zone. However, the EUR lost the support zone. The bottom zone might have become another resistance. The price sits on a rising, red support trendline now. The next zone that might function as a support is around $1.088.
Conclusion
The setup suggests a short position. The price resting on a supportive trendline casts a shadow on the suggestion. The signal might be bearish, but the entry doesn't seem ideal. I'll wait for the setup to change for a new assessment or the price action to align with the setup to catch a neat entry.
Thankfully to all followers,
Ely
Light Crude Oil Futures: Mid East Tensions Fuel Price Surge!Light Crude Oil Futures (CL): NYMEX:CL1!
As mentioned in our morning briefing, oil is currently extremely interesting, partly due to increasing tensions in the Middle East and the destruction of oil reserves there as well as in Russia. Consequently, oil prices have surged significantly. We are currently at a level of $85, but we still consider it quite likely that the Wave Y and the overarching Wave II have not yet concluded. We expect a three-part movement towards Y, with this Y anticipated to be in the range between 127.2% and 161.8% of a Wave C. This would place it between $63.2 and $57.4, nearly forming a double bottom with Wave ((b)) at $63.64. We would invalidate this scenario and consider a bullish outlook if we surpass the $90 mark in Crude Oil Futures. Should the price fall from here, we would then expect a five-wave structure downwards. However, caution is advised with oil due to the significant political and geopolitical influences on its price. The upcoming elections at the end of the year are particularly noteworthy, as a lower gasoline price in America is hugely important for electoral success, ensuring wins. With rising oil prices and the depletion of reserves, with hardly any reserves left in America, it will likely be necessary to purchase a large amount of oil. Considering the current economic stance of America, this task appears challenging. There is only one option if the goal is to lower oil prices for repurchasing. Even a $20 difference is substantial when buying as much oil as a country the size of America needs. Therefore, we still expect prices to fall further before we see a reversal.
SPX- Election SurpriseIf you follow us you know that we think SPX and markets in general are heading towards a generational top
And based the last months price action we think we know almost exactly when that top will complete:
NOVEMBER 2024
Prediction: It does not matter who wins the election..the market will begin to crash
MARK OUR WORDS
The U.S. Markets are likely to have one last push before....The U.S. markets have been inflated to the point of near exhaustion, propped up by nothing more than a money printer that goes brrr... brrrr... brrrrrrrrrrr. However, this seemingly never-ending run is coming to an end.
Trump will most likely be elected president again. His first term (45) and his second term (47) will likely mark the greatest market crash of all time—the end of the everything bubble! 4 + 5 = 9; 4 + 7 = 11; 9 + 11 = 20. They will likely prop the market up until his administration takes power, then...
Shorting these markets will be the opportunity of a lifetime!
Good luck, and always use a stop loss!
CRACKS ARE FORMING IN USDT DOMINANCE! THE END IS NEAR!USDT has completely dominated the stablecoin market for a long time now, but cracks are beginning to form in its foundation that could cause the whole structure to come crashing down. People are losing trust in USDT, even though the vast majority of trading platforms use it as the sole medium of exchange on their platforms. Competitors are turning up the heat in this market, and companies like Circle (USDC), which are fully audited, as well as newcomers like Ripple's RLUSD, could pose a serious challenge to USDT if it doesn't prove its reserves through regular audits and restore investor confidence.
I personally believe that USDT is a Ponzi scheme, similar to the Federal Reserve, which continuously counterfeits dollars by minting excess tokens, with nothing but faith backing them. I also believe that the time of USDT's dominance is coming to a swift end.
Once RLUSD is released and available for purchase to Wall Street and Main Street, I believe that the majority of stablecoin holders will switch from USDT to RLUSD, as Ripple is one of the most transparent and reputable companies within the crypto space. I am one of these people.
Good luck, and don't put all your eggs in one basket!
THE PREDECTED 'FLASH-CRASH' WEEK IS UPON US!As I've stated in a previous post, I believe that a massive, market-wide liquidation event is coming within the next trading week (September 9th–15th). This chart pertains to what I believe we will see in XRP during this timeframe.
As predicted previously, I believe we will see a drop below $0.3838, between 33% and 50%, but it likely won't last too long before the price recovers and starts the beginning of the next bull run cycle.
Many people falsely believe that we are already in the bull run, but that's simply not true. The gains we have seen so far in some cryptos have just been a precursor to what is about to occur over the next 9 to 14 months in the new appreciation cycle. Anyone who says we're already in the bull market is just flat-out wrong. But never fear; it is about to start, though only after a major liquidation event occurs to fill the coffers of the market makers, who will sell all the way up, providing the needed liquidity to drive the price to new all-time highs.
Good luck, and enjoy the ride! Becoming a multimillionaire will be the best part. Once you get there, you won't even know what to do with all that money! Hopefully, something good for your community and the people in your life! Always be charitable and create the change that you would like to see in the world; don't wait for it—make it happen!
CRYPTO MARKET CRASH COMING THE WEEK OF SEPT. 9TH - 15TH.I believe there is a massive crash coming for the crypto markets during the week of September 9th through the 15th. Don’t ask how I came up with this prediction; it’s too complex to get into. I don’t know if the drop will be a massive red candle in a single day or if it will be a multi-day process to achieve these lows, but I’m predicting that the minimum price drop will be 33%, to 50% in most cryptos (less than two weeks away).
This may be the 'Black Swan' that we have been waiting for, and for some, this will be the scariest moment in crypto. For others, it will be the buying opportunity of a lifetime.
Key takeaways from this prediction:
- The overall crypto market will drop sometime between Sept. 9th through the 15th.
- Price drop will be between 33% and 50% in a 7 day timeframe.
- Drop may be quick, as in a single day, or it may be a process that takes the full week.
Keep some cash on the sidelines to purchase physical coins to add to your long-term crypto stack. This buying opportunity may last only hours, days or could extend to the full week; only time will tell.
Let the countdown begin. And yes, I know this is a bold prediction, but I wouldn’t be sharing it if I didn’t believe it was actually going to happen, and yes, I may be wrong.
Good luck!
My Stock Market Crash FantasyOn the left we see 29 trading days from peak. On the right we see 29 trading days from peak before the historical stock market crash of 1987.
It is a stock market crash fantasy because huge stock market crashes are very rare events that are most likely not to occur.
That being said, IF a crash is going to occur it would more than likely *only* start very soon after an extreme rally up.
Secondly, if it is going to occur in a manner similar to the 1987 and 1929 crashes, then there is only a short window of opportunity for it to occur. The time window of 29 days to final peak is now in alignment from 1929, 1987 and 2024.
Will it occur? It probably will not occur if we start to rally from this point forward. But if we start right NOW to get some hard down days and stronger lower low and lower high days going into the first week of September, then maybe just maybe the stock market crash fantasy won't be a fantasy anymore.
Some technical notes:
we continue to have many and plenty of Carl V bearish technical patterns on major indices that points to a test of the August 5 lows. A move down to those lows into the the first week of September would be a very bearish sign for markets, but it is unknown whether such a big decline could happen that fast again.
Federal Reserve is Behind the Curve, Recession is 100% CONFIRMEDHello everyone,
The federal reserve has kept interest rates at near zero and printed the MOST money in US history back in 2020 and this has caused one of the worst inflation in 40 years. Jerome Powell decided to fight inflation by giving us the fastest rate raising campaign in history. He has kept rates too high for too long and we are now guaranteed a recession. Jerome Powell will find himself in a position to cut rates very fast due to the cracks in the job market. It is already too late we will be witnessing a huge spike in unemployment. Who knows how high this can go, back in 1929 unemployment hit 24.9%.
BTC/USDT SAME XMN DATA CAN HAVE HUGE EFFECT FOR BTCWe have seen what XMN data have done with the trend of BTC in the past, and in 2024 for the first time the same XMN data shows.
The last XMN data did affect BTC from 53K to 16K
We are not able to count BTC where its able to go, but there is a high chance for BTC fall trend.
XMN data shows sometimes in the full history of BTC, and it's not something that shows in a low time frame.
BTC can still make more fake increase trends before the trend starts.
Never go on expecting, but follow BTC's low time frame what the data now shows.
Also, it means not that it should start today.. but how the data looks something can happen coming time if the data confirms what happened before.
BTC can target over 61K, but it will stays risky.
BTC SHOWS NEW BREAKDOWN DATASince yesterday, BTC has shown a new data breakdown, and we are checking if this trend can be confirmed.
This data did show just some times since the existence of BTC, and did break down or crash every time it did target. We are now exactly at the same data, so let's see wat will happen.