The Nikkei and Hang Seng along with my local ASX200 are well under pressure today and may see further downside in coming sessions. In the video I take a look at the daily charts for my major Indexes and discuss where I see the risk and how I will look to trade any downside if this weakness continues.
Is it overvalued? Is a crash about to happen? ARKF sold 43,188 shares of FB yesterday, equivalent of 14.55Mil usd. And it`s not the first time! FB has a strong support in the $285 area! Looking forward to read your opinion about it.
A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. ARK Invest sold 141069 shares of TSLA yesterday, so more than 155Mil dollars! My price target for the retracement is the 982usd support, close to the Fibonacci 0.618 support. Looking...
Third time is a charm, I originally thought we would see the sell off after earning as we see the impact of inflation but market didn't seem to care and we had the options gambling mania pushing stocks up parabolically. I don't really get why the inflation number that came out shocks anyone given the expenses reported in everyone's earnings rose sharply and Petrol...
Paypal got destroyed over the last couple of months, after it made it's double top on July 26th. It has lost 35% of its value since then. Paypal gapped below the support at around 222ish$ today and that triggered even more selling, since that support held for almost a year now. The next area, where i see heavy support is at around 184-190$ I feel like that...
Twitter permanently banned Trump from the platform in January 2021 during the final days of his term. Back then he had over 88.9 million followers. Can we expect a retracement to that area because of TRUTH Social gaining momentum and market share? Trump Media & Technology Group and Digital World Acquisition Corp. DWAC have entered into a definitive merger...
Using the Fibonacci Tool found a potential sell opportunity. Price just came off of the trend line and may restest the level. If price holds below then I am looking for price to drop.
NASDAQ:EMB As a way to get exposure to the China housing debacle.... I go over my chart on a new position I opened that has relatively low volatility considering the weight of exposure it may have to the chinese housing collapse.
Here is what stocks we are watching for this week! NASDAQ:NVDA Currently range bounce with a support of $518. Will looks to take puts on a move under that 518 level. NYSE:GS Looking at a double top on the daily level. Looking to take puts under the $388 level NASDAQ:CRWD Clean bear flag showing on the daily chart. If we get more selling in tech this...
MATIC SELL OFF POSITIONS Polygon (MATIC) technical analysis: Trade setup: Broke below 1.50 resistance and stabilizing around 1.25 support area (also 50-day MA). Need it to break back above 1.50 resistance. Forecast: 2.00. (set a price alert). Trend: Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Mixed as MACD Line is below...
You can as well join the sell market right from here if you wish. But risk what you can afford to loss, please.
The SP500 index seems to have topped @ 4476. Technical analysis points to a sharper correction this time around: - prices broke-out the long term bullish trendline - short-term SMAs form an intersection above traded price - short volumes are accelerating, as the daily range expands - the new top formation saw the lowest traded volumes, signaling an ...
The Inflation statistics are heavily skewed with the potential for a large surprise in store for Chasers. DX, BONDS, FX, YIELDS appear to have the scoop. Insiders buying Puts in SIZE. Crude Oil trade for entry 57-61s after this next retracement. Economic Activity is slowing to a crawl. Spending collapsing. FED wants you to BUY STOCKS. VIX Shakeout. Trade...
Views & thoughts based on research DYOR Ridethemacro
30 /38 / 45 We favor the 40s during the dirty second drop. Algos are working the limits of the Falling Wedge. The VIX-Plosion is dead ahead as resolution is less than two weeks away. The lower compression in Range lows will see a dip-in as often occurs to shake out the weak hands. Cruse Oil should see follow through in the coming weeks. We are beginning to...
55.1 million active customer accounts for the quarter and 17.4 billion streaming hours. VS 55.8 million active customer accounts and 19.19 billion streaming hours. (The Bloomberg Consensus estimate) The chart pattern looks like a double top.
The head and shoulders pattern is one of the most reliable trend reversal patterns. The distance from the neckline to the head is the same for the retracement from the neckline to the bottom. In this case, using Renko candles to understand better the H&S chart pattern, the price target is 31usd.
USDCAD short position, I have sold this pair for many reasons, one reason is that USDCAD has had a major sell-off for more than two weeks; has been forming lower lows and lower highs... Price has reached the 0.786 area @1.25680 and has shown major resistance, such as wicks and LL/LH on smaller time frames. USDCAD has also formed a double top that may indicate a...