15/01/2019/08:30CET
I love to read charts. They tell such compelling stories, and it is hard for them to lie. They can be manipulated but this can usually be observed in the charts. So what are charts telling us today?

DOW

daily chart

• This is make or break for the markets! It looks like such a textbook dead cat bounce.
• Odds are that we have now made out highs and momentum downward is more likely than not dominate the next period of trading
• not really wishing to feel schadenfreude, if the talking heads on the idiot box do not want to be prooven wrong, buying pressure has to begin to press on the upward direction of the price.
• I will not go into all the other charts but the S&P500, Nasdaq, and many other US charts are showing the same behaviour.
• But off course they would, this is synchronised growth after all, and what goes up together will come down together.
  
  
  
  
  As always guys, leave comments, have fun and trade safe.

Disclaimer: This post is not financial advice. Before investing any funds do your own research and make your own decisions. Cryptocurrencies are highly speculative.
And finally: Do not invest money you are not comfortable losing.