It is Christmas Eve and trading volume is thin... but XLK just crossed below the 200 weeks MA line. If it will close the week this way, it will be another bearish sign for U.S stocks.
We are aggressively approaching our 200 week moving averages. Throughout this bear market / crash I will be watching very closely certain key levels to close trades out and to allow the price to firm up and then re-enter shorts after whatever bounce has occurred. There is no way to know for sure that a bounce will happen at any given level but whenever you have...
It just came to me like the last one did. Visualized it
It appears we are destined to move lower. I wouldn't be a surprise to see a bounce back to resistance (green arrow) before extending down to the 127.2% extension of the major move this year. Stay protected! I'm short via long January puts, and even bought some SPXS in the afterhours the other day since I had closed my previous put position.
Enjoy this summary of the stock market madness
2HR chart. down on high volume, up on low volume. Does wednesday's decision actually matter? #trend $SPY $QQQ $IWM
Small caps are often used as a gauge for domestic growth because they are more sensitive to changes in economic conditions, such as input costs, wages, financial stress... Many were caught off guard by the equity rollover in early October, but few were paying attention to what was occurring. In late September, financial conditions began to tighten and credit...
@2626. and now breaking back down after much lower low 2583 $SPY $QQQ $IWM
Broke a very short term trend line here. This is entertaining of late. $SPY $QQQ $IWM
looks pivtoal..just doodling here $SPY $QQQ $IWM
same as previous chart/post $SPY $QQQ $IWM <2500 = :(
Can we at least tend to agree under 2500 gets ugly? $SPY $QQQ $IWM
Chart is self Explanitory
$IWM been leading markets up most of the time, looks like it is leading down this time. on purely technical aspect, it retested the neckline of H&S, also retested the break of the flag. if this confirms, price target is around 117-118. everybody seemed to be talking about inverted H&S playing out on SPY few weeks ago (which obviously failed). I don't really see...
For what it's worth, I don't have any Gravity Points identified under the "Gravity Point Very Hard" Chart Dump this week. See what I see. Last Week's Post Other Relevant Charts: (One Last Rally) (Interesting Development) (Kings Crown) (Extremely Useful) (Combo Equal-Weight Indice Chart) (Extremely Useful) ...
Not a whole lot else to say other than that. Transports are the brother of Small Caps in my opinion as far as leading the rest of the market. Just want to point this out because it's a canary in the coal mine and easily missed. 1 Wk % Change: SPY: -4.55% NDX: -4.92% DIA: -4.44% IWM: -5.52% (Leading) DJT: -10.14%......?
Notes in chart Bullbiased chart