The_Unwind

The_Unwind

10 Year Interest Rate is rolling over from 3 %, in a flight to quality sparked ..by the financial DEBT crisis in Turkey. Bulls on the 10 Year who have been betting on rates rising past 3 %, were on the wrong side,of the trade this week. Major Monthly Support on the 10 Year Rate is at 2.75, A drop below would signify a intermediate top in this key interest...

The_Unwind

S+P 500 resolved is multi day "DISTRIBUTION" at the 2860 area ,with a breakaway gap to the downside on 8/10/18, creating a "Dome Top "Breakaway Gap Reversal. The pattern has potentially ominous intermediate term consequences unless reversed, as price left the 2860 area, as an "Island" above in price, just below the All Time High in January at 2872 The potential...

The_Unwind Updated 

S+P 500, could be in the final stages of rally, with evidence building that 2860 area is a strong resistance area in price. Big money selling on both 8/7 and 8/8 /18 near the close, illuminates this. Daily RSI on the S+P is showing a glaring BEARISH Divergence, with RSI High back in May, with each proceeding month lower, under a declining trend line, as price...

The_Unwind

XLU, S+P Utilities SPDR gapped down on the OPEN on 8/8, trading below the 7/6/18 High of 53.29, and reentered the prior price area after breaking above it on the 2 Hour Chart in recent days. Price should not have done that. The implications are bearish, leaving behind what appears to be a Head, in a H+S Reversal Pattern. Too early to tell. In order to...

The_Unwind

VIX is in the process of testing Triangle Support Trend Line at 11.00 which if ultimately successful this summer could send volatility explosively higher in the fall with a shake out 2018 Double Bottom Pattern in place. A Move Above 16.00 Close, Would Confirm Volatility Breakout has Begun = Major Stock Market Decline. Watch the VIX ! THE_UNWIND

The_Unwind

I had thought in my last post that AAPL was starting what might be a potential parabolic advance. I have changed my position completely,.. almost overnight. Volume is Decreasing , not Increasing in recent days, and to me that is a sign that the buyers that wanted, and needed to buy AAPL are already in the stock at these price levels ! My new recommendation is...

The_Unwind Updated 

Apple AAPL 207.99 has begun a parabolic move to the upside, on it's recent breakout above 195. The company this past week was awarded a market value of over 1 TRILLION DOLLARS, has more than doubled in valuation over the last few years, a stock today that traded 43 million shares ! Apple is a part of the Dow Jones Industrial Average, as well as key component of...

The_Unwind Updated 

DISH NETWORK on 8/3/18 showed a strong breakout BUY back to the top of resistance, as shorts covered, and a potential shake out BASE was formed in the stock BELOW prior Support. ( Potential bear trap ) Fundamentally the company is trying to maintain market share in a decades old business model, that is being threatened by digital. I use DISH in the...

The_Unwind

The Dow Industrial Average has put in 2 Weekly Bar Closes ABOVE IMPORTANT RESISTANCE at 24420 I keep a "Weekly Bar "" Daily Close" Only Chart on the Dow and it shows important Trend Line Resistance at 24420 has been breached for 2 consecutive weekly Bar Closes. A Close on the DJI above 25530 this week, would project the Dow UP to the IMPORTANT SECONDARY TOP of...

The_Unwind

Sugar , the commodity has been in a prolonged downtrend for some time now. The Sugar ETN CANE offers one the opportunity to go LONG Sugar, at extremely discounted and washed out price. As a completely contrarian play..... CANE LOW on 8/2/18 at 6.75, looks to me to be a WASHOUT LOW. USE that as a STOP, Begin to accumulate. Long Trade. Upside Target; To Be...

The_Unwind

S+P Tested 2795 Support Area Successfully, for a 4th Time on the OPEN on 8/2/18. Trend IS NOW LONG, Using 8/2 Low at 2796.34 as STOP. THE_UNWIND

The_Unwind

NDX 100 opened on the LOW on 8/2 a 7221.35, an EXACT RETRACEMENT TO SUPPORT on my 120 Min OPEN CHART. It's no wonder that price rocketed up right at the OPEN, as the big boys/big money jumped on price at the OPEN ESTABLISHING LONG POSITIONS INTERMEDIATE BOTTOM IS IN ! NDX USE 7221.35 as a NDX STOP, UNTIL FURTHER NOTICE. THE_UNWIND

The_Unwind Updated 

S+P Futures ESU have rolled over and are now threatening major trend line support, at 2792.50, which it has tested successfully three times previously. A break below 2792.50 on the 4 Hour Chart would complete a recent 50 Handle Top Above 2800 this summer and would confirm a Secondary Top, ES 2849.50 below the All Time High Continuous High of 2875.25 from...

The_Unwind Updated 

Nasdaq 100 Futures ( Sept.18' NQU18 ) Have an EXACT Potential Head and Shoulder's REVERSAL Pattern in place, and building on my 120 Minute ( 2 Hour ) OPEN chart. Because the OPENS are at KEY IMPORTANT TIMES/ DATES, BEARISH REVERSAL POTENTIAL is MAGNIFIED ! 1. 7293.00 Left Shoulder OPEN Sunday 7/29 6pm EDT ( Weekly Open ) 2 7295.75 ...

The_Unwind Updated 

Netflix, after a "Double Top Island Reversal" at All Time Highs above 400, earlier this month closed on 7/30/18 at 334.96 The stock is currently in a "THIN AIR DECLINE" with crucial support just below at 328. A failure to hold 328 this week would project the stock potentially for another 100 point move down to 240 ! Netflix, a Fang Stock, is one of the...

The_Unwind

SQQQ, Triple Short Nasdaq 100 ETF, Broke out Sharply to the Upside Above 13.36 Buy Stop in trading on 7/30, as discussed previously in my 7/28 post. ( See Chart ) Continue to hold on any afternoon pullback with 12.86 STOP , adding to short position. Nasdaq 100 Decline has just begun and is "waterfall" in nature. Sharp snap back-counter trend rallies in NDX...

The_Unwind

Nasdaq100 NDX is currently in Free Fall REVERSAL Move Down from historic highs as discussed in my last post ( 7/28/18 ) False Upside Wedge Breakout in NDX to Historic Highs (7-25) REVERSED Back Below, and Sharply Through the Support of the Bottom of the Triangle. (7/27) and 7/30/18 Take a look at this Intra-Day Chart. Sometimes words need not be...

The_Unwind

The Dow Jones Industrial Average rose almost 400 points to 25451.06 My Daily Close Only/ Weekly Bar Chart shows a perceptible Bullish Breakout on the close on 7/27 above 25420 HOWEVER ,With the weakness in the Nasdaq 100 hitting the market last week the DOW should be watched very closely for confirming evidence either side of Bull/Bear this coming week. Apple...