Retail is plowing into USO, tech, and US stocks.
Even with the "Fed Liquidity", the 1st quarter of 2020 was the largest QoQ contraction in credit conditions EVER.
The fundamental economic data is putrid. The worst ever.
and REMEMBER, corporate profits peaked in late 2018, which is also when the Russell 2000 entered a bear market.
The SPX was saved from...
UK100 is Bearish - We look to Sell at 5867
▪️ Broken out of the channel formation to the downside.
▪️ We have a 38.2% Fibonacci pullback level of 5872 from 6209 to 5664.
▪️ Negative overnight flows lead to an expectation of a weaker open this morning.
▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 5867,...
Look, here are my thoughts at the moment.. We are on an upward movement right now. The bulls successfully made a new high today because of this there will be more shorts being put in on the market.
What does this mean? The market will go down? -- NO! And I will explain why below
At most I could see a short squeeze tomorrow meaning price would gap up and push...
S&P showing weakness out of the rising wedge, attempting to rise above its most recent high but failing. As price rises, there is no volume behind it and also shows an OBV divergence. Also notice the yellow vertical lines. It shows that on strong price selling reaction, strong selling volume pours in behind it with also an impulsive downmove in OBV.
This will be...
A chart for my own record. We'll see how it goes! Honestly, anything can happen at this point, but this is how I see one possible route.
Informational use only. Take with a grain of salt as you should with all trading.
COVID-19 virus is raging all over the world, infecting more than 2.5 million people, and economic development and industry are facing challenges. WTI Crude Oil price once went to zero. In any case, it is recommended to be cautious about the next few years. S&P 500 Index could decline toward 1,600 or -50%.
The monthly chart, plotted 30, 50 and 200 period MAs....
Not trading or financial advice!
My trade idea is to short the SPY at 273.
Stops at 290.
Target at 220.
Risk reward is about 1:4.
Long term moving averages indicating a downtrend. Price retraced into an ideal fib retracement zone and has been rejected back down out of it. My thoughts are that we will retest the recent low.
My ideal way to trade this is to buy...
This is a very worrying pattern in the stock market and indicative of a bear market rally. Still accumulating shorts here as we come across strong supply at the 2800-3000 area. Big money is going to be taking profits here in anticipation of a major fall.
Short sellers squeezed out?
Head and shoulders top forming?
I personally like speculating on what I think could be a right shoulder in a head and shoulders top pattern. Especially when the (potential) right shoulder squeezes into a 78.6% Fibonacci retracement level.
Selling FTSE between 5860-5877 if I can. Stops above the highs.
The measured move target is at 5110.
hello guys,
i believe eth could make a massive drop to the downside. it had a very good upswing but is no facing a lot of resistance on the upside of the previous high.
Also ethereum likes to test areas again. so on the downside we have a untested area where the whole run began. also the volume is declining
If you look for confluence, i believe bitcoin just...
Tie-in to my EW combo wave idea for DJI. Indexes could move a bit higher off this shallow pullback on 4/13, to the 0.618 Fibo at 2937, as we saw at the 0.382 level; or rollover straight from here.
A = 360 pips = C... ominous IMO. The secondary selloff could terminate at or near first selloff bottom ~2190; or dig a little deeper, or form a higher low, but it is...
From Insider Monkey :Albemarle Corporation (NYSE:ALB) has seen an increase in hedge fund sentiment recently. ALB was in 23 hedge funds' portfolios at the end of the fourth quarter of 2019. There were 18 hedge funds in our database with ALB holdings at the end of the previous quarter. Our calculations also showed that ALB isn't among the 30 most popular stocks...
based on current fibonacci extension levels we might see a drop to 2000-1800 levels.
compared to the 2008 recession this could be the best chance to step into the market.
Lotta ppl thinking this is gonna repeat Jan 2019. That was a Bull Corrrection. This is a Bear. Bears grind for a Long Time. Median expected ~7-9 months.
CV19 will take ~3-4 months to burn thru US population. April will be the Cruelest Month IMO, tens or even hundreds of thousands of cases.
A Fool's Rally to the 0.50 Fibo around 24K will likely provoke a second...
The last several years have been a massive broadening top on the S&P 500, shown on the chart. The recent crash due to the virus ran prices right down to the lower line of the pattern. We've bounced a bit, and could continue bouncing to the midpoint. Longer term we either consolidate within the pattern, build support and eventually continue higher (the bull...
Hey guys! ItsQure here with another hopeful short for the next 2 weeks. SPX caught me off guard today the bulls on wall street are pumping the price in order to reach the fib retracement. However, there is no way the bulls can hold up the bubble of the economy for another week! IT WILL FAIL before getting to the .5 retracement value of 2795. We must to test the...
![SPX: [SPX] Bear Market Idea By Moving Average](https://s3.tradingview.com/8/8O45GOpL_mid.png "[SPX] Bear Market Idea By Moving Average")
