Hi Slim Dont you think the year end trade will float the market to Jan 2? No fund manager wants to take profits before year end and then be forced to pay taxes a few short months later in April 2025.... so there is minimal selling in general. If they wait until Jan 2 they pay taxes a whole year later in April 2026. Thats why the market is resilient toward the year end. Does this year end tendency influence your analysis?
But My assumption or belief of the year end trading tendency is NO correction before year end. That's not what your charting. Your charting a correction before year end.
@@askSlimTeam Fast forward to @6:16 (6 mins and 16secs into your video), then look to the right of your stock listing. COIN is the top one listed as bullish (which btw plunged heavily after earning), then scroll down further to see SMCI as bullish, which had been trending down for the past 6 months.
I used to use the 2hr chart for my trends but recently change to 195m, so each candle is 1/2 day. I like it better. Your analysis is the best.
Good approach! Thanks!
Thanks for the vid. I'm inclined to believe you.
Hi Slim Dont you think the year end trade will float the market to Jan 2? No fund manager wants to take profits before year end and then be forced to pay taxes a few short months later in April 2025.... so there is minimal selling in general. If they wait until Jan 2 they pay taxes a whole year later in April 2026. Thats why the market is resilient toward the year end. Does this year end tendency influence your analysis?
Actually, our analysis has been in line with your assumptions.
But youre forecasting and charting potential corrections before the end of the year.
@@rio6465 correct
But My assumption or belief of the year end trading tendency is NO correction before year end. That's not what your charting. Your charting a correction before year end.
Which I admit there's always a possibility of a correction at any time. It just seems like it's not likely right now at this time of year
wow @6:16 it shows SMCI as bullish. I see at least 4 bear flags since late March, how could this pattern render the stock bullish is beyond me.
Not sure what you are pointing out. This video, on that timing index, is showing sector ETFs. Sectors and countries.
@@askSlimTeam Fast forward to @6:16 (6 mins and 16secs into your video), then look to the right of your stock listing. COIN is the top one listed as bullish (which btw plunged heavily after earning), then scroll down further to see SMCI as bullish, which had been trending down for the past 6 months.
Right on time
Thanks, Maybe a bit later than the original analysis showed.
I can just say wait for the unemployment data to bring it lower than what it was till the election rally that should do it for more bullishness
Oh