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D-US30

US30 why is it fallling ? and where is the support?on 1D time frame you can see :- 1. strong rejection of lower price near 50EMA 2. in the previous fall it did not tested the support ( green line) 3. RSI near 30-40 range all these suggests that this fall was inevitable in 1Hr time frame you can see a channel (dark blue lines) where its trying to break but fails every time it is consolidating and every time it bounces a big selloff is there reason :- the upper grey line acting as strong resistance . this resistance can not be asily visible in 1H time frame but in 1D time frame it has its impacts which further lowers the momentum to break out. so what's next? it will continue the flag pattern and will take support of lower grey line and move forward . by that time RSI will reach 25-30 (in 1D time frame) which will be considered oversold. as it reaches the green line it will find its strength to bounce back from point marked ( yellow arrow) and then will continue in consolidation in the upper gery and lower green channel. after that it will take 1-2 days to break out(cyan line )
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by kuru_bhisma
Bubble of 2020 will burst by April 2021!All governments globally have been generous in providing decent amount of stimulus to their respective countries as compared to their GDP's. What makes me wonder is that even after such huge amount of stimulus many countries have shown flat GDP growth or economic contraction. What if these stimulus were not provided at first place? The economies and the global markets would die out of lack of liquidity. The stimulus just acted like a ventilator for dead global economies. The scary part is the recovery rally that we witnessed after 23rd March 2020 (bottom of crash) is actually a bubble as stock prices have increased whereas earnings of many stocks are still away from their previous highs resulting in crazy P/E ratios on index (i have never witnessed a PE ratio of 34 on Indian markets). This bubble shall burst as on ground in practical life consumer spending is less and many small businesses have shut down. Banks are at a huge risk of default (worst then 2007-2008). The interest rates are cheap and people are buying automobiles on huge loans out of their affordability. Things will start spiraling down to reality as central banks will increase interest rates soon and consumer spending through loans will also go down. Financially, next decade will be challenging. We will see another market crash by 12th April 2021 (max). The bull rally is short lived!
UShort
by StockMarketAnalysis13
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