Nasdaq 100 NDX Daily Chart Pattern Illuminates one key price trigger point, that if broken on a Close, could open up a potential retest of the very important Fall Low of 6442.36 The number to watch here is NDX... 6713.29, 11/28/18 Low NDX Last 6795.21. Moving service today for George HW Bush in Washington. Leaders from the "greatest generation,those that are...
For the past 48 hours, I have been warning you pay attention to the DOW. I wrote first of the the Bull Trap" the Dow Futures were preparing to spring, and now today the Dow Jones Industrial Average, has simply followed suit...and literally came undone. THE_UNWIND 12/4/18 200PM NEW YORK
Bear Market Rallies simply fool the majority. Even the very sharpest in the business fail to grasp the trap they are walking into. They simple don't see it coming. The Decline underway has the immediate potential to return the market to the lows of this fall. Rather than explaining why....I'll just let market do the talking. THE_UNWIND 12/4/18 200PM NEW YORK
I have suggested that you focus your attention on the DOW INDUSTRIALS, because the Pattern in place is much easier read and therefore understand it's significance. On 12/3,/18 i also suggested that you watch YMZ Dec.18 Dow Futures 25810, as a Break below that level would be the first significant hint that a Downside Reversal was brewing. It certainly did not...
I use a Proprietary measurement, my own idea,that helps me identify upside/downside price targets for traders, following a "Size of the Gap" Daily Price move of an index,or security Using the GAP UP Opening Price of the S+P of 2790.50 on 12/3/18 from the Closing Price of the S+P on 11/30/18 of 2760.17, the "Size of the Gap" on the Daily Chart is 30.33...
Because of it's global significance, The Dow Industrial Average MUST be paid close attention to by investors/traders alike especially in light right now of the US/ China negotiations to find agreement on a Trade deal by the self imposed 90 day deadline.. I am focusing on one important number in the Dow right now, from my chart evaluations in differing time...
DOW FUTURES for Dec 2018 YMZ have a VERY CLEAR PATTERN in place actually much easier to interpret than the S+P Futures 12/3 OPEN on Dow Futures at 25813, with the current overnight low at 25810, ...BROKE OUT EXACTLY AND FINITELY ABOVE.. THE MAJOR RESISTANCE DOWNTREND LINE FROM THE ALL TIME HIGH of 26966 on OCT 3,2018, CONNECTING THE SECONDARY HIGH of 26268 on...
S+P 500 looks to OPEN the MONTH of December 2018 near 2800 a nearly 40 point GAP to the UPSIDE over November's Close. That is a POWERFUL UP move that should give shorts PAUSE, about immediately going into the marketplace to short. A simple rational explanation. this comes from my own PROPRIETARY "Size of the Gap Extension Move". Simply Measuring the size of...
The market's initial reaction the new US/China Trade Truce Agreement has been immediate, and rather Conclusive. S+P Dec 2018 Futures have gapped up 35 points, and are currently trading above 2800, a 1 % move to the Upside. Technical Analysis of the Breakout suggests the CONTINUATION the Bullish Reversal that began with a move above S+P 2670, and now,...
S+P rallied strongly this week, all the back way up to it's important 200 Day Moving Average at 2761.88 on 11/30/18. How neat. Rally objective,.. from SPX 2630 Double Bottom, perhaps may have been.. to go as far as it could go.... without crossing the demarcation line/neutral line at the 200 Day Average where many trend following systems/investors are prepared...
S+P 500 rallied right up to SIGNIFICANT RESISTANCE at 2753.75, in an almost TEXTBOOK Chart Retracement Move only to be QUICKLY + DECISIVELY .. REJECTED, on a first attempt. Major Resistance Trend Line 4 Hour Chart @ 2753.75 10/3/18 High of 2939.86 11/8/18 High of 2813.86 Trend Line is Drawn Down Connecting those Highs. Today's rejection was important and it...
SQQQ, Pro Shares 3 X Short Nasdaq 100, is really the BENCHMARK the PREMIER ETF FOR SHORTING the Nasdaq 100, and the FANG STOCKS. LOOK NOWHERE ELSE, PERIOD. I have been trading SQQQ for the last 5 years, and I can tell you first hand, it is the "mother" in my trading basket. It is always there should, I need to call on it for duty. SQQQ has tremendous...
I have been trading the stock market for just shy of 40 years, and if there is one constant message that I have learned from trying to anticipate market price moves throughout that time is that in order to be successful YOU MUST know how to react,to market direction and do so immediately, the moment it occurs, by PLACING THE ORDER. REGRET is one of the most...
Bitcoin Prices BTC appeared to have bottomed at 3725 .. at the same time the stock market did, here in the US in late November. My read of the chart suggest BTC could move back towards 5000 if it breaks above current market resistance around 4400. Nasdaq is still determined to get regulatory approval to trade Bitcoin Futures in 2019. BTC Prices topped a...
UGAZ,,Natural Gas ETN rose a staggering 31% in just one trading today, as Natural Gas Futures rose 40 cents today, moving back towards $5.00 A 31 % return can be an Stellar Return for a Year ...UGAZ did it that a Day...just 24 Hours. If you recall, I wrote about UGAZ initially last week, sharing my VERY BULLISH view that the ETN is in the beginnings of a...
I have suggested that you should consider shorting rallies to 2670. In my own trading account I have done that. On 11/27/18 S+P broke out above resistance STOP at 2670 on a Closing Basis. For me as a trader, that was my STOP meaning that I will no longer short this rally, until such time that the S+P drops back below 2670 decisively on a Close. Anticipation on...
Margin Debt Liquidation, according to the website WolfStreet.com hit 40 Billion Dollars in the Month of October 2018, the highest monthly sale of debt since the Lehman Crisis,in November 2008. If you were asking yourself, WHY DID, the market go down so far, so fast,look at the massive amount of forced selling. feeding on each other, as prices continued to drop,...
On 11/21/18,SMH , ETF Basket of important Semiconductor Stocks gave a short term BUY SIGNAL, at 89 in what is called a" Low Pole Reversal" meaning the ETF had reversed to the upside, at a point... that negated further short term price damage. That is an important potential reversal to note. The ETF was up another 2 % to 92.74 ,in the market rally on...