Disclaimer : No time for this BS.
Respected Traders and Investors, Why so serious. ? Sit tight and let's calmly assess the situation from never seen before perspective.
EurUsd vs SPX
Theory : Eurusd down -> Dxy up = Due to mirror chart hypothesis considering Dxy is a basket of forex currencies.
Hence Dxy up = Stock market down
Candle sticks : So this is a EurUsd chart which just keep going down and down and down. The only way for it to go up is Ecb hikes rates aggressive than Fed but its a double edge sword. You will be hiking rates in a recession and cause depression considering Ecb had negative rates.
Reason :
- Inflation is out of control. ( Over 8% )
- $1.5T in debt which can be margin called. ( Just keep distributing money )
- Oil and Energy shock. ( Due to their reliance on Russia )
- Winter is coming. ( Northern Hemisphere. XD )
Result : Europoors according to Wall Street bets.
Moving averages : White descending moving average = 50 dMA
Green descending moving average = 144 dEMA
Observation :
- Not once have we crossed 50dMA since January mini rally.
Result : Currently we are trying to break 50dMA. But i don't think we will break it. The situation is similar to drop after post march Fomc rally.
Arrows : If Bear market ( ) {
maximum To 50 dMA
- White arrows + White arrows : Mini bear market rally
- Blue arrows + A - B wave : Big bear market rally
minimum To 144 dEMA
- Blue arrows + A - B wave : Big bear market rally
- Green arrows + Green arrows : Big bear market rally
}
Fib retracement : - Never have we crossed 61.8% fib levels since january 61.8% retracement rally.
SPX chart : ( Orange line )
- Notice the alternation between arrows ( white/green ) and A - B wave
- Look for this pattern :
Last blue arrow : Gave July post Fomc big bear market 2.0 rally. ( Above 15% )
Last white arrow : Gave post June 15 mini bear market rally.
Last to last blue arrow : Gave May post Fomc big bear market rally.
Last to last white arrow : Gave April mini bear market rally.
Last to last to last blue arrow : Gave March post Fomc big bear market 1.0 rally. ( Above 15% )
Final Result : White arrow more likely than green arrow. -10% is all i ask from $4000-$4100 to $3600 i.e. to my favorite 200wMA. ( If we reject 50dMA)
Invalidation : No invalidation. If this white arrow cross past from 50dMA to 100dEMA making it green arrow we will still be in a bear market. The only difference will be SPX will be moving to levels $4200 - $4300
With lots of love
Thank you
Regards
Uchiha
https://preview.redd.it/uzqrokvyntm91.png?width=926&format=png&auto=webp&s=334419ef4d388ffebd930f8064d338f337b129a6 P.s. Damn i was so close to figuring it out. I could have saved the queen. My condolences to people of UK. 😥 Although i know some people hate her.
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