Is The US market crash coming ?
We have 3 types of “crashes”
Correction <15% downward movement in a major indicy
Bear Market <20% downward movement in a major indicy
Black Swan event, something very unexpected that tanks the market, think 1987, 1929, challenger disaster, 911 and so on.
The fourth type is the 1919, 1929, 1999 and 2008 scenario that people...
The RWM looks very bearish for the Russell 2000
Using the Gann Fan, moving averages and patterns like those mentioned in Stan Weinstein's Secrets of Profiting in Bull and Bear Markets I feel the market is in for a downturn
According to the most recent market bearish setup, RWM can be used as hedge for your account OR to take short positions.
The short EMA 50 is pointing up to cross longer emas 100/150/200, and headed to hit EMA 500 (+6%)
Long Inverse RWM due to weakness in small caps.
It would be early to enter this trade.
1. Above support
2. Higher highs and higher lows on Day and Week chart.
1. Price is at the 8 Day EMA not above it.
2. Price is below the 21 Day EMA.
Disclaimer: All charts...
The above is a 15 minute time interval. What you do not see is the trend was faster on a 5, 3, and 1 minute chart. On the shorter time duration charts the Ichimoku Clouds were moving up. If the IWM is going to fall, a good way to "play" this move is RWM. In follow-up One I showed that the IWM trend is down, so I bought RWM. I will try my best to explain the above...