A topped out market showing major bearish divergences on multiple oscillators, volatility is dirt cheap and just using the most very simple basic TA anyone looking at the S and P 500 can say it is extremely overbought and just damn expensive, how much more upside can be possible in this market???? Do not get sucked in for 27 a share the upside is out of control...
nothing really to be said, load up the cannons
A picture says a thousand words, but just incase u cant see it Short the break of the wedge (3950) GREAT RISK REWARD AND THIS IS GOING TO BE A NICEE MOVE CONSITING OF MULTIPLE DAYS
I am anticipating a short at the break of the rising wedge and i used the macd for a confirmation that momentum will follow through
Just let the chart set itself up, no need to get woried or stressed
Just looking for the pivots and following the channel for the bounce downwards
All that upwards pressure
Already seen a flash crash down to $13 on GDX, i got my orders siting around $53, Books are so thin about now
LONG LONG LONG all the way. Beautiful Elliot wave completion
AAPL as well as the whole stock market ,Especially tech stocks and FAANG stocks all seem to be very expensive.
SPY seems to have a bullish RSI Divergence setting up in the near term looking for a bounce back up towards the 300 area holding support along our main trend line. This move should set in the next leg up into the right shoulder finishing off the cycle and setting in a final top.
We got easy peazy setup , break in upper resistance coupled with heavy volume, check ,check , go long
Heavy volume nice expanding volume channel. . . nice looking playr, from monthly view looks great
What will happen following Elon Musks drama with the SEC, is it time to set up shorts or buy the dip?? Any good indications or SEC statements to watch for, any help?
I can easily see a nice cup and handle playing out just as XLM did last november into december before it mooned.