Lots of intraday pivot lows that will trigger strong sell-off today if price starts to breakdown.
VIDEO analysis on small-cap stocks, bearish but at fib support for a bounce as of today
Small Cap Stocks lead broad market - This is bearish Chart does the talking
If we see some follow-through selling this week to break the first red dash support level it will spark the first high volume wave of selling and vix spike.
Opening Gap Signals Market Top For Swing Traders
Reversal candles on the daily chart point to drop 19-21st could have followed through selling next week. Next three sessions are going to be critical...
Broad market setting up for another leg down after this week's short covering pop and overly bullish sentiment. See More Videos at www.TheTechnicalTraders.com
The chart here shows a simple trend and momentum shift in the stock market using the 4-hour chart and looking back several months. I do post videos each morning of all the major markets here
Chart paints the picture but see my previous post of this here and click the blue play button on the chart:
Yesterday the Russell 2K IWM broke down and tends to lead the broad market. Now let's see if the other indexes breakdown.
Expect morning overbought gap up to fade and fill Gap window. This happens all the time!!! easy morning day trade!
Just noticed this. Could be something to keep an eye on. I'm net short on the DJI & S&P right now.
The daily up correction trend line was broken today. Based on shorter term patterns I took my first short position, about 1/3 of what longer term I Hope to have. As you know most “gaps” are closed within a short time period except for so called “opening” gap. Usually it’s hard to know it was an opening gap til much later. For me personally when there is a fairly...
Currently in the yellow resistance field, going up in what looks like a bearish pennant. Between the .618 and .65 fib ratios is my favorite place to load up for the next stage. Stop loss set at around 2700 cause if we breach above the green line, we're looking bullish again.
SDS Waiting For New Color To Confirm Direction Color Blue Number 4
SDS Making New Lows Color Blue Number 5
SDS Waiting For New Color & Number Color Green Number None