Over the weekend I recommended looking into shorting the S&P 500 index, as it looks on the brink of a crash. Today, we can already see this breakdown taking place, as the index dropped nearly 11 points today, producing fair returns through SPXS (triple leveraged reverse index for the S&P 500 index). However, we must not assume that this drop reflects the...
Short on AUDUSD
Graphic analysis :
We can see the breakdown of symmetrical triangle (already working on)
Technical analysis :
The MACD is still in BUY so we can predict a little stabilization (by breaking up the bearish canal) before the price will go down.
NYSE: #Twitter | $TWTR has held this support for +440 Days!
Personally, we are SHORTING. This play looks like pure manipulation,
and it's just a matter of time before we BREAK DOWNWARD.
The world's stock markets are OVERBOUGHT, and appear ready
to TUMBLE DOWN to amplify the ugliness of this chart!