QQQ 1H chart shown above ............. from the looks of it it appears to be an A-B and then for the "C" we have an ending diagonal Triangle. Tomorrow will tell if this is so and if not we shall look for other explanations so we can go short
BEAR market dining ................. restaurants are going to the dogs. We are always willing to pay up for good stuff but in this BEAR these fellas are cutting corners. Today's lunch mediocre Thai yellow curry with Chicken Sate but no red chili sauce, no cucumber sauce!!!! Cold hard white Rice. Its a developing BEAR that's for sure but in early stages YET
Ultra caution, ultra caution .................... Dow Jones daily rally into 32336 top today = at or near a significant WAVE CHARACTER TRAIT A correction, in this case an upward correct or bear market rally is made up of an A-B-C Look at Dow Jones daily. I've marked the bear market rally as shown as A-B-C in white. See it? Now dig this: Project the wave from the origin to A and then to B i.e. a 3-anchor point system and see where 100% shows up. that is the very first WAVE Technology target for the wave. Namely Equality or 100%. WE is there or almost there by a whisker or hair Yikes!!!!! F R O Y T E N I N G The wrath of BEAR can be unleashed now and it will catch the majority asleep at the wheel in C O M P L A C E N C Y http://tos.mx/4Vy13HH
WE do not deserve what BEAR has in store for us. But we did binge and binge in the Everything bubble. Its time to pay up now. Fasten seatbelts
The dominoes are falling one by one .... and this time we are talking about COUNTRIES That my dear chaps is the magnitude of this BEAR at 2 degrees of TREND
Regarding the Russian economy, the video has "we are predicting negative six percent for 2022." and "The European economy, we're reducing down the growth levels to about 2.6 percent" So, the Russian economy is predicted to shrink, while the economy of the rest of Europe is predicted to grow.