Another financial crisis or what?
Where the global market is headed?
Is the world economy going into another inflation or stagflation period? Or even into a collapse? What going to happen to Gold, Stocks, Commodities, or Crypto markets? Are we going to be okay?
No one can tell with certainty until it happens. Some claim they can!
One way to prepare yourself for such scenario is to look for signs. Some do fundamental analysis, some do technical analysis, and others only look at raw data.
There are various indices (such as S&P, and Dow Jones) and instruments (such as Gold, Oil, or US treasury bonds rates) to look at. And each one shows a different aspect of the economy.
The US dollar index and S&P 500 are my favorites and most used with which I analyze and guess the direction of some financial markets such as Forex and Crypto markets.
Historically speaking, if we look at S&P 500 in a weekly period using the TRIX indicator; we can see that every time TRIX crossed down its mid-level line (i.e., the zero) the market or at least the US market has gone into a long bearish period.
The S&P 500 has been going down for some time now and the TRIX has reached its mid-level line, again. So, what’s going to happen? Will TRIX cross its middle line? How far down will it go? Will another long bearish period start?
If we look at other market data such as the housing market, interest rates, and even most of the top analysts (such as Dr. Doom: Nouriel Roubini and Michael Burry) are saying that another financial crisis is looming ahead. So, most likely, we should prepare ourselves for such a critical situation.
For Crypto market fans such as myself: the important point is that the Crypto market or BTC, in general, has never experienced such type of economy – high inflation, stagflation, or even collapse. Thus, we cannot say for sure what going to happen with the BTC.
So, fasten your seatbelt, if have any! And let’s see what will happen.
Is the world economy going into another inflation or stagflation period? Or even into a collapse? What going to happen to Gold, Stocks, Commodities, or Crypto markets? Are we going to be okay?
No one can tell with certainty until it happens. Some claim they can!
One way to prepare yourself for such scenario is to look for signs. Some do fundamental analysis, some do technical analysis, and others only look at raw data.
There are various indices (such as S&P, and Dow Jones) and instruments (such as Gold, Oil, or US treasury bonds rates) to look at. And each one shows a different aspect of the economy.
The US dollar index and S&P 500 are my favorites and most used with which I analyze and guess the direction of some financial markets such as Forex and Crypto markets.
Historically speaking, if we look at S&P 500 in a weekly period using the TRIX indicator; we can see that every time TRIX crossed down its mid-level line (i.e., the zero) the market or at least the US market has gone into a long bearish period.
The S&P 500 has been going down for some time now and the TRIX has reached its mid-level line, again. So, what’s going to happen? Will TRIX cross its middle line? How far down will it go? Will another long bearish period start?
If we look at other market data such as the housing market, interest rates, and even most of the top analysts (such as Dr. Doom: Nouriel Roubini and Michael Burry) are saying that another financial crisis is looming ahead. So, most likely, we should prepare ourselves for such a critical situation.
For Crypto market fans such as myself: the important point is that the Crypto market or BTC, in general, has never experienced such type of economy – high inflation, stagflation, or even collapse. Thus, we cannot say for sure what going to happen with the BTC.
So, fasten your seatbelt, if have any! And let’s see what will happen.
ملاحظة
SPX is going for the upper line of the inverted wedge.
Do we see a break/continuation into heaven or reversal into limbo?
ملاحظة
So the SPX has reached the upper line. Have to wait and see what going to happen.
Also, TRIX has crossed down its middle line on the weekly period, since it is a lagging indicator on a higher time interval, more price candles have to unfold to get a clear picture of the direction.
ملاحظة
Broke the uptrend line and going down.
ملاحظة
Update on the weekly chart. TRIX broke the zero line and going down.
ملاحظة
Update on the daily chart. A pullback wave is happening. Have to wait and see what will unfold.
ملاحظة
So the pullback wave broke the upper line of the inverted wedge; couldn't break the horizontal resistance line (white line). Now the previous two scenarios change a little: 1. A harmonic pattern is forming thus the current wave continues to form a downtrend wave and descends to form the right leg. 2. Current wave makes a pullback on the broken line of the inverted wedge and then bounces and continues upward.
ملاحظة
So the second scenario happened, although not completely. The pullback is done but it is not clear whether an upward or downward wave will follow. Based on the fundamental perspective and US inflation data, the downward direction has more weight. Let's see what happens.
ملاحظة
There is a horizontal resistance level/area on which price bounced many times. If SPX want to go up, first have to break this level upward. Currently it seems price was not able to break this level and a downtrend wave has started.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.