Kumowizard

Bear market, but time for consolidation

FX:SPX500   S&P 500 index of US listed shares
371 0 8
Daily:
- Bearish Ichimoku , but price got bit oversold short term.
- Heikin-Ashi candle signals possible consolidation or pull back ahead. haDelta has reached extreme low print yesterday, and crossed above SMA3 today.
- Pull back to bearish supports: 1980-2000 is possible

4H
- Ichimoku setup is bearish , but for ong             time now candles closed above Tenkan Sen!
- Heikin-Ashi is counter bullish , but we can see more choppy action between Tenkan and Kijun. A Price/Kijun cross could accelerate correction up to Kumo an 100WMA area.

Notes:
- Again, Nasdaq100 is the stronger and the leader in correction. OPEX on Friday!
- It also looks like the key driver for all risk assets including equities is nothing else, but Crude Oil            
- Unless we have a Black Swan hit, risk assets should continue corrective at least until w/e

MOST IMPORTANT NOTE:
It has really a high probability that US equities have been enterring a longer term bear market, with more downside potential. However you will experience elevated volatility and the most agressive short covering rallies during bear markets... that's what we call a "Bear market rally". So seriously, keep one strict rule: YOU EITHER SHORT, OR YOU STAY FLAT. No long, as you can never know what happoens in China overnight!
You just build and keep smaller shorts, bigger shorts, or stay flat!

United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out