If you believe like I do that the Nvidia stock market bubble is road kill, just waiting for the "fatal overvaluation accident" to trigger, then buy SOXS, the Direxion's 3 X Short ETF on the Philadelphia Semiconductor Index NASDAQ:SOX Closing at 3.10 on March 12,2024 prior to any potential reverse split on the horizon, my proprietary chart analysis projects SOXS...
Rarely do you see a "Blow Off Top" in play like what you are seeing in Nvidia (NVDA), with a current valuation of 2 Trillion US Dollars. Think about that for a moment The mania of AI, or Artificial Intelligence has taken now over the world as the biggest technology creation of the twenty first century. Bubbles in the stock market occur, when mass belief,...
With the extreme demand and hoopla for the introduction of a bitcoin ETF becoming a reality with SEC approval on Jan.11,2024 Pro Shares ETF BITO price action shows" why" they only bring these things out at the top. Fascinating. The chart shows a rare " Triple Island Reversal"with 1 Price breaking out bullishly at the opening, 2.Only then to break back into the...
One quick look at the 30 Min S+P 500 Chart shows a clear broadening top pattern developing since the Dec 13,2023 Fed meeting, with an obvious loss in momentum as time has passed into the new year. If this pattern gets busted to the downside, on a move below SPX 4700 falling straight down thru thin air like an airplane falling out of the sky, the risk to the...
I had forewarned on Trading View last week of a potential end of the year, beginning of the new year market reversal in the US stock market Today's trading Jan.2,2024 the,first trading day of the new year opened with a sharp gap down break of the rising wedge patten, and the important rising uptrend line in the S+P 500 that had been in place since late Oct....
The 30 Minute S+P 500 Chart this afternoon, shows a "Bearish Momentum Crossover" on the KST Indicator. The technical price pattern is a "Rising Wedge", higher highs, lower lows,with the Apex point in this pattern occurring by the end of this week, which coincides with the end of 2023/Beginning of 2024. The potential for a "downside break"in this wedge pattern...
S+P 500 Weekly Chart is an accident waiting to happen ! As price continues to rally back towards all time highs, market momentum continues to deteriorate below the surface. The KST Indicator has just bearishly crossed over again confirming a "top below a top" breakdown in this intermediate term indicator. (Shown Here) Rarely does one get this type of clear...
30 Minute S+P 500 Chart Interpretation Very Obvious Bearish Head And Shoulders Pattern Brewing. >Head at SPX 4585 < Right Shoulder,built this morning around "anticipated" PCE Inflation Number and Left Shoulder are located at 4565 Level. Neckline Support for the Pattern is at SPX 4540, where the market is trading right now. VIX has broken out above 13...
S+P 500 Futures ES "rip your face off" Counter trend rally of 100 points points in the last week has reached its potential destination point at this mornings high of 4541.25, after a much weaker than expected US Producer Price Index for October. The sharp snapback rally to 4540 Weekly Uptrend Line previously violated is the chart "set up" here. Note the very...
The S+P 500 has broken down thru very important chart support at 4179, this morning rendering a new and more urgent sell signal on the US stock market ! Are you paying attention ? Those who attempted to "buy the dip " at 4179 have been burned. Those who abandoned their bearish bets early, are now simply out to pasture with the rest. It takes TIME, which is the...
On this, the 36th anniversary of the 1987 Stock Market Crash, an earily similar pattern has developed in the US stock market right now. Just like in 1987, a bullish summer technical breakout above prior price resistance, has been followed by a bearish retracement price reversal back towards the breakout point. This pattern, in it's most bearish interpretation...
Look at this chart ! This is a real time 60 Minute Chart of the S+P 500, Sept.26.2023 When they teach you technical analysis, the chart pattern shown here is identified as a "Parabolic Rollover" Pattern. That's about as bearish a pattern as you'll find anywhere. Simply put, the further price drops.... the further down price will have to go... to fulfill the...
Last time I wrote you I forewarned you of a "rollover top pattern" in the S+P 500 that was clearly developing on the chart. Like a hurricane brewing over open water, it was coming right at you. This weeks Fed meeting proved to be the catalyst for the pattern execution. Landfall hit. Let me warn you. If the S+P 500 Closes below the June 26,2023 Low of...
See it. It jumps right off the page at you. S+P 500 is building a very bearish "broadening top pattern" The pattern is holding buyers and sellers at bay. For now. If 4350 Support is broken, then this pattern "executes" Trust me, you won't want to be holding long positions,.. if it does. SPX Close 4461.91 THE_UNWIND WOODS OF CONNECTICUT
Yesterday afternoon's rally from SPX 4442.38 Low was almost certainly a bull trap ! This can be seen clearly on the 3 X Reverse S+P 500 ETF SPXS Chart which yesterday formed the handle, on a potentially powerful "Cup and Handle Pattern" The US stock market is now vulnerable. Perhaps more than one realizes. This has triggered a "lower price alert signal, in my...
This one is simple. Rarely do they give you something simple in the market. For anyone following my work, today's upside breakout back above SPX 4435 has rendered a "bullish reversal" buy signal on the market. Note the 4 Hour KST Indicator (Shown Here) now rising "from the bottom" like a phoenix from the ashes and strongly confirming todays breakout market...
No sooner had the S+P 500 "gapped up" this morning, opening at 4442.87, and then quickly rising to 4458.30, sellers came out in droves selling the breakout rally, and just like that..poof...the S+P 500 broke back thru 4435, and yesterdays buy signal evaporated like dust. Hopefully, trader profits were taken,... while they were there this morning. Remember your...
Buy Signal ! S+P 500 Closed Back Above 4435 today, triggering a technical buy signal on the 4 Hour "Institutional Chart, the time period used infamously for years by the great technical analyst Tom De Mark. Note the 4 hour KST Indicator, on the S+P 500 (Shown Here) confirming the "buy signal" by crossing above the "Signal Line" Also, pay attention that the...