An amazing chart
The chart above is one of the most amazing I ever witnessed. And we are not talking about an unknown penny stocks but is the Nasdaq 100. In this monthly chart is printed such an abnormality that surely is striking.
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Author: truman52000
MFI divergence looks unsustainable.
That was a long bull run. Totally unexpected. Totally fostered by the continuos huge amount of liquidity central banks have poured in trying to keep the ball rolling. P/E on WS are again unsustainable at current prices.
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Waiting for the next move
Central banks are inundating markets with fresh and abundant money. This is obviously distorting the market but here we go.|
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A bear market is in
Everything is changed and Dax and several others indices entered in a bear market and for good.
We are experiencing very high levels of volatilility with the Dax topping 1000+ pips a day.
Things will calm down but this wouldn’t mean a rapid recovery. At all.
Why this move might not end soon
As most traders know, markets doesn’t move in straight lines but in waves. For any timeframe you pick the moves of the market are based on this continuos rises and falls. Moves are quite random, but can be “structured” to see the trend (HH and HL for an uptrend for example and viceversa).
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