this may be a really unique week for the stock market might be a bad thing maybe not I'm going to show you in the stock market charts what's about to possibly happen in terms of probability what I'll be more likely to happen it's not looking great but we'll get into it in this video all the main indexes and also the technology reports come along really well very well we had a big breakthrough last night we're talking about Computer Learning artificial intelligence 3D printing Quantum Computing everything
where there's stocks involved in the space for less than $5 per share each it's a lot of work I'm really plowing through it it's coming along great that'll be released to all the subscribers of the Peter leads.com newsletter the stock markets are going to be closed on Monday at of respect for former President Jimmy Carter that's also the day that Donald Trump gets inaugurated time when Donald Trump steps into his role and a lot of what he's talking about doing on day one
one of the things was the tariffs and this is also what I'm explaining is that there's going to be a lot of tariffs that will then have counter tariffs it's going to affect both sides and this is a trade War this is how it goes we've had plenty of trade Wars over the years but the point is not about the terrorist specifically that matters right now I think the point is the fact that there will be possibly terrorists possibly less than expected maybe no tariffs nobody knows but whatever happens there
will be uncertainty and commotion and in uncertainty and commotion there's always opportunities lots of good opportunities when there's everybody else getting a little bit freaked out and running around with their heads chopped off so after this long weekend I'll show you in these charts that there's a probability that we're more likely to decline in price than increase in price for the indexes let's get into it and don't forget to subscribe to the P Lees newsletter so you can get the big
technology report that's coming out relatively soon probably a week earlier than I told you guys because it's going along so well now here's a one-year chart of the NASDAQ but we're going to zoom in I'm going to show you something this a two-month chart and you'll notice that it topped out here bounced off this resistance level a lower high followed by a lower high followed by a lower high that's a downtrend my friends now what I wanted to show you mostly though after this
outside bearish engulfing candle that was Thursday and then Friday the Gap up to a dogee pattern that represents indecision among investors well this chart candle is telling you shares opened here they dropped down to there during the day and up to there during the day but by the end of the day they closed below where they opened they closed right there this implies that the more likely direction from here is actually a declining Trend or a downtrend and if you'll remember my recent video about
the economic pivot I was talking about exactly this the DX is having trouble getting back above 20,000 and it continually tests that level and if it continues to test the level and not break through that's a negative sign but here's the two-month chart of the S&P 500 Index and if you look at this Gap up from Thursday to Friday shares closed here Thursday and then Friday they gapped up all the way to there to an indecision signal that's a doy pattern some investors bought it all the
way up to here some investors sold it all the way down to there and it opened about where it closed after a gap up that's an even stronger dogee that applies a change in the recent trend of the shares which will go from up to down and I believe it'll continually keep testing to try to break higher and it'll keep bouncing off the new lowering resistance level and this is all about probabilities it's not about what will happen it's about what will probably happen which is sometimes all you need
to know it's got to be right most of the time here's the chart of the Russell 2000 and this is also showing you some indicators implying that the shares are getting tired especially after the Gap up this 3-day trading pattern is a very bullish indicator and then a gap to there but I believe that this may be a resistance level now and we're going to see as we get closer to it indecision among investors two days in a row there's not a lot of commitment among the traders to drive the Russell 2000
and next any higher than where it's at about right now there's a lot of indecision in the markets too and a lot of things are priced for Perfection because of the Trump bump now everything is about to play out we'll see how crazy it gets how much commotion there is but just know that in this situation what I'm seeing is that the probability suggests that shares of most of these major indexes will not go a lot higher and that they're more likely to come down in the near term next week or two
and they say as goes January so goes the rest of the year for the stock markets but so far it's up in the air still what we're going to see I don't see a lot of bullish momentum from this point but also there's so much going on advancements and Technologies so this is why you have to get into what I say is going to be a stock Pickers market for sure from this point going forward until everyone gets a better idea of where the economy is going to go and spoiler alert it's going to go exactly where I told
you it was going to go in the recent video I did about the big economic pivot that's exactly how it's going to play out [Music]
0 Comments
Post a Comment