Hi fellows, just one of my today daytrades: ------------------------Trade setup --------------------------- Entry: 511.51 Stop Loss: 515.80 Profit target: 499.50 Time stop: Exit at market close ------------------------------------------------------------------ If you like the idea, do not forget to support with a like and follow for more trading opportunities.
looking for an immediate reversal, if no volume comes in SPY remains unstoppable... I am personally expecting a "risk off" day today going into the weekend. any break of 328 ( sub .236) and bears are back in control till about 308. Not expecting that to happen soon, by no means.... but a boy can dream.... GL!
With US fed saying they will be waiting for fiscal stimulus before providing anymore monetary stimulus. The tech bubble is gonna burst now and with the return of high Covid infections numbers, the fear is going to be coming into market imo Not financial advice.
1. Record IPO year 2. Bankruptcies 3. Tech bubble 4. Retail is all in 5. Massive unemployment worldwide Is history repeating? Let's see in the following month
Much has been said about Big tech five's dominance on Nasdaq and S&P500 and how grossly valued NDX is. People often don't realize that big fives generate a good portion of their revenues oversea so technically their TAM is the entire world. Furthermore, internet, IT service and e-commerce industries are less impacted by Covid-19. Also, over the last 12 months,...
Market seems to be lowing a lot of momentum as major weekly bearish divergence appear on many momentum indicators.
$SPY $SPX $QQQ short 9855.00 on $NQ_F for a h&s on the 30 min chart. GL :)
$SPX $SPY $QQQ $ES_F -- $NQ_F glad i held my short over the weekend, hourly looks great.
This is a a very interesting chart today, on the left we have the SPX as of present time (monthly), in the middle we have the SPX/ GOLD ratio (monthly) and on the right we have the SPX chart during the period of the tech wreck (monthly) from 1996-2001. SPX: Then and Now Firstly i want to draw your attention to the previously stated rising support and...
hate to say it as I am an amazon prime member
This will be a quick analysis. I did a much larger analysis of where I think the economy is going in my Dow Jones post (link at bottom). This is just an idea to illustrate the tech bubble and why we could have some pretty severe downside if this materializes. This is NOT the log chart, but Google hasn't been around that long, so it's not really necessary to use....