The index is on an important break out point on the 1D Channel Up as if 2,710 breaks then the pattern will go for a complete Higher Low swing at 2,675. With 1H oversold (RSI, STOCHRSI, Williams, CCI), 5H on near exhaustion levels (RSI = 25.774) and 1D on very bearish Highs/Lows = -48.5357, B/BP = -44.0520, we expect a price near 2,680 before any meaningful...
NASDAQ appears to be moving in an ABCDE corrective pattern. It has completed four legs and is currently going down in the E wave. Wave E should be made up of an ABC sub-wave. Currently, wave 2 of the wave A is in progress (red wave) which can have another short movement up on Monday to 6950, from where it could go down in the third wave.
Current consolidation in S&P 500 could shape a triangular pattern ABCDE. The drop started on 18th of April shouldn't exceed the low of the wave C at the 2553. The breakout of triangle could be a trigger to enter long. Some riskier people could buy on the dip to the downside of Triangle but it would be a mere guessing as the WXY main count could still unfold...
It is very obvious from a technical perspective this is a huge bull trap. It is safe to say a rug pull will come sometime after it touches this trend line.
The US500 futures are currently bouncing off this major resistance. I still strongly believe a crash under previous lows will occur & markets will go much lower than previous lows. I am holding all of my short positions still.
Amazing how there are so many reasons to be bearish here. I cannot imagine why anyone would be bullish. From a technical perspective, it is very obvious a major plunge is about to occur. =)
On a hourly perspective, market futures are also bouncing off this trend line. A plunge below previous lows is imminent.
We are currently in an escalating trade war with our top trading partner and the market is overvalued so I am convinced markets will plunge much lower than 2550 this week. I notice a head & shoulders pattern forming in futures, it looks like this is the right shoulder. It is a great time to short the market right now, I am already fully invested in short positions.
a rejection at 200 ema can be a sign of downtrend
Take a look at the US500, a pretty triangle pattern. Bulls ready for a comeback?
We've held on the high VA action area. And more buyers have come in. A break out of the current triangle and the move up to 27,000 will come.
short at 2777 to target 2761 before next tuesday is 160 pts if big postion is a good deal why very simple much overbough in short time time frame as h30-h1 and h4 and also rsi bearish divergence in h30-h15
euphoria bubble overbought in every side and way and form and lol i short for a target at only around 3.5-4% is very light and possibke because it need a real breath and more deep than my trade but we go like that for now i open 2 x 1 lot and i will manage until he down i will cut first lot when he reach 40 pts and made a sl on second lot at + 25pts for save 65...
i short SP500 because i think he done the Christmas rally more early than before and i think he will down a bit before end years may pull back before the 31 december for close the years i big gains then after in january fastly down more than my target...but is possible that my target can be reached before end year ( 12 days) Overbought much in weekly and...
i short again at 2632 as for target 2558 again. market is in euphoria now sure is the last step of the bublle and it will down more than my target sure at 100% in less than 1 month like my first trade i cut manually at 2330 = 27 pt lost so this tile i short with 1 lot more more get more that double profit + mu lost back short at 2632=2 lot Target 2558 gain =...
i short sp500 in swing much overbought in short time /long time and i try it too coz he is on my trendline as resitance short at 2613 target 2558 gain 55pts
Is it the beginning of "THE BIG SHORT"? I am not personally convinced about as if it is going to be a crash but the short seems inevitable in near future as per chart. Let's see... Disclaimer: This is just a trading analysis and for sure it is not any kind of recommendation of trade.