SPX Double Top Rejection @ 4144 - SPX500 SHORT 30 MINUTE CHART
All the earnings and FED news is out so we “”buy the rumour and sell the fact….””
1 - Looks like 4144 a small double top - better seen on the ES1 FUTURES
2 - Oscillators divergence BEARISH – Not supporting the new highs…
3 - Both tops followed by Large engulfing RED CANDLES - better seen on the US500
4 - MACD - BEARISH signal
5 -VWAP - Held on the retracement BACK UP --
6 - FIB levels are the current support
Will trade this to the short side once it breaks below 4090
MEANWHILE
TAIPEI, Aug 2 - Shares of Taiwan chipmaker TSMC (2330.TW) fell as much as 2.98% on Tuesday, as investors closely watch a possible trip to Taiwan by Pelosi later in the day which has angered China. The main benchmark share index (.TWII) fell more than 2%. => We love you Nancy, but Please DO NOT VISIT!! Maybe she can help US short sellers too -- Just like her husband's NVdia option plays...??
Chinese mortgage revolt had signaled the 41% DECLINE in sales in July. In 30 cities CRIC determined to have been seriously affected by the revolt. Buyers are not paying for homes not getting finished and sales have dropped - 7 months of steady declines....
And we thought our Real Estate Bubble was bad.....
German economic growth stagnated between the first and second quarters, and an update of business and consumer confidence is now at its lowest level since the early months of the pandemic....CAN YOU SPELL RECESSION and it is not even winter...??
1 - Looks like 4144 a small double top - better seen on the ES1 FUTURES
2 - Oscillators divergence BEARISH – Not supporting the new highs…
3 - Both tops followed by Large engulfing RED CANDLES - better seen on the US500
4 - MACD - BEARISH signal
5 -VWAP - Held on the retracement BACK UP --
6 - FIB levels are the current support
Will trade this to the short side once it breaks below 4090
MEANWHILE
TAIPEI, Aug 2 - Shares of Taiwan chipmaker TSMC (2330.TW) fell as much as 2.98% on Tuesday, as investors closely watch a possible trip to Taiwan by Pelosi later in the day which has angered China. The main benchmark share index (.TWII) fell more than 2%. => We love you Nancy, but Please DO NOT VISIT!! Maybe she can help US short sellers too -- Just like her husband's NVdia option plays...??
Chinese mortgage revolt had signaled the 41% DECLINE in sales in July. In 30 cities CRIC determined to have been seriously affected by the revolt. Buyers are not paying for homes not getting finished and sales have dropped - 7 months of steady declines....
And we thought our Real Estate Bubble was bad.....
German economic growth stagnated between the first and second quarters, and an update of business and consumer confidence is now at its lowest level since the early months of the pandemic....CAN YOU SPELL RECESSION and it is not even winter...??
Trade active:
short es1 - Sept futures 3:00 am Seattle time
Trade active:
Staying Short - added contracts to Futures -- The pop just took out stops for the ride DOWN and needed to close the opening GAP