JSE Bear Market Rally before the fall to 61,403It's clear that we've had the 1 year anticipated breakout.
And it's down.
Right now, we are having a slight rally which is known as a Bear Market Rally or a Dead Cat Bounce.
The price can go up a day or two but the resistance level will most likely hold. And this will cause the next down leg with the ALSI...
First target will be around 61,403
Bearmarket
Monthly Job Openings, Bear AwakeningLooking at Job Openings data, bear markets end when RSI is below 30, we've just now crossed below 50, we have a long way to go.
I think Job Openings need to fall to roughly 1/3 of the current level to 3mil or so down from 9mil, which would still be quite a bit higher than previous bear market bottoms.
Equity levels will most likely follow right along.
SPY Overnight Bounce to trap EARLY BULLS 🤔CME_MINI:ES1! CAPITALCOM:US500 CME_MINI:NQ1! CAPITALCOM:US100
Hourly consolidating in a bear flag. Incomplete bear count and looking for a one more low for Wave 5 followed by a big bounce. Not a buyer of first bounce after the big sell off.
One more low and stop out early bulls and trap late sellers and send it higher.
SPX - Bear trend is still locked in!!!Stochastic's unlike nearly all indicator's
have the ability to flip from overbought/oversold to locked in to a continuation of TREND
#SP500 is still locked in a bear trend
after 3 days with both K&D lines above 80
or below 20
S and P 500 is locked into a bear trend still
which means all rallies should be faded until that locked in status is lost
AMAZON --- is down over 40%! 2031 Till next ATH?The drawdown visualisation is a great tool to determine the characteristic of previous and current market conditions in whatever asset you are looking it.
Here I have drawn up AMZN priced in CPI index units rather than notional US Dollar's.
For what purpose do people allocate money to equities... but to grow a nest-egg for the your future.
But timing is everything
And we can see that AMZN is currently down over 40% priced against goods/services/expenditures
Effectively you have gotten 40% poorer
(assuming 100% allocation at the top... unlikely I know ,,, but for illustrative purposes still useful to know. ..
And the point is how during a bull market, the price doesn't deviate away from the high that much. in 2022 we have already been down 60% are we facing a price reset for risk and stalling market for the rest of the decade. It has happened many times before, so we have to assume the old adage History Rhyming.
Fetch.ai (FET) Price Dips in September – October's Direction UncThe price of Fetch.ai (FET) saw a decline following its failure to breach the $0.27 resistance zone on September 3rd, initiating a bearish trend.
The situation remains precarious, as failure to secure a close above the $0.23-$0.24 Fib resistance range could signal the continuation of the bearish trend, potentially leading to a significant drop.
Approaching the Ascending Support Trendline
Since its rejection from the $0.27 resistance area on September 3rd, Fetch.ai (FET) has experienced a downward trajectory. However, it’s not all bad news.
FET's price has been following an ascending support trendline since June 2022. Recent validations of this trendline occurred on August 17th and 22nd. These instances were marked by long lower wicks, which indicates buying pressure.
The pace of increase accelerated after the last validation, propelling the FET price to $0.27 on September 3rd. However, it failed to breach this resistance level, which has persisted since May, resulting in the ongoing downward movement.
In order for FET to commence a new bull run, it will need to surpass the 100 Exponential Moving Average. The 100 EMA acts as a mobile support and resistance. Currently, the 100 EMA is above the price, therefore the indicator works as a resistance.
Williams %R is another indicator that we should look at. The Williams %R is a momentum oscillator that gauges the market. If the indicator is below -80, it means FET is oversold and expected to bounce back. If it is above -20, it is overbought and expected to fall back again. Currently Williams %R is approaching oversold levels, which coincides well with the ascending support trendline.
Looking Ahead: FET is approaching an ascending support line, and the Williams %R is approaching oversold levels, which make a rebound on the table. However, for a rebound to take place, the price needs to break above the 100 EMA first.
The Banking Crisis and the Bank of America CorporationIntroduction
The Bank of America Corporation is one of the most famous of Warren Buffets holdings. It is right behind Berkshire’s Apple holdings in size and it has only grown during the recent banking turmoil. This is while he is “dumping” other banks because of red flags in their financials. That is beginning to look like a bad decision based on the technical of BAC.
Source:
markets.businessinsider.com
The United States and the world appears to be facing a very serious financial crisis and we are in the stages where equities are still slow moving. The real impulse will begin when a lower timeframe rally is shorted and the news gets apocalyptic. BAC is ultimately on the chopping block.
Analysis
This is a pared down version of my momentum charts where I try to get the most out of a trend by riding the impulse. As such I don’t have a trade on because price has not slipped the 200 yet. If you want a full breakdown it is in the linked idea on Matic and Solana. Now, due to how fast bank failures can happen I might miss this trade being to patient.
The MACD and Signal are below zero on the mothy. That is bad in itself. Price has slipped the 50 month, that is also bad in itself. Both of these things have occurred as BAC is dropped out of a falling wedge. Also very bad. BAC has also set a lower high from the high before the 2008 financial crisis. That is catastrophically bad because it sets BAC either a W bottom or an ABC correction. The W is shown on the main chart and the ABC correction is shown below.
The wider view
A banking crisis is the apparent reason bitcoin was created in the first place. It also lead to a pump in silver and gold once there was a “paper” decline in price. I remember reading the news stories from the 08 crash were people were selling their precious metals for wide margins on eBay and other platforms while the exchanges were selling silver derivatives for cheaper and cheaper.. As such, another banking system crisis should see the anti-fiats begin to pump once the thrash has happened. I would expect a massive risk off situation but somehow bitcoin and other cryptos look bullish. If is a very schizophrenic time to being doing TA. It is also a crazy time to trade. I don’t know if I will be engaging in capital destruction because of bad trade or just because my exchange collapses.
Most likely I will buy the dip in paper silver and ride the gains up. Dark times with a silver lining.
ADBE, Second BEAR-Fractal, SHORT-Momentum DOOMSDAY Incoming!Hello There!
Welcome to my new analysis of ADBE. This stock has been massively battered by the major bear market decline setup in the gigantic bear channel. This stock did not exceed any new highs and did not have the potential to emerge with new bull momentum. The bears are still present within this stock and this is exactly why the bear momentum for this stock can accelerate heavily any time soon. There are several major bearish indications that are underlining the bearish scenario for the stock in an overwhelmingly precarious way.
Three reasons why the bear doomsday scenario for the stock is present, starting any time soon:
1.) Massive Liquidations: Over 250 Billion positions have been liquidated within the previous bearish doomsday market decline wave towards the downside.
2.) Weak Momentum: The momentum with which the recent meager recovery wave setup is highly fragile and is likely to turn anytime soon.
3.) Major Short-Side Positioning: A vast amount of institutional and smart money operators are positioning their selves on the short side. Always an important indication especially with retail traders positioned in the other direction.
Why shorting the stock through the upcoming second bear doomsday scenario will be the best approach in the current and upcoming market conditions:
1.) Second bearish ascending wedge fractal: The stock is going to complete exactly the same bearish ascending wedge fractal towards the downside once again.
2.) Total-Return Approach: By shorting the stock a trader has the candidature to a total-return approach, the trader is profiting when prices fall and at other times when they go up.
3.) Liquidation Acceleration: Once the whole ascending fractal has been completed it will trigger a fast-paced bearish wave making profits much faster than in an uptrend.
The most prevalent determining indications that are going to activate the upcoming bear market scenario wave for the stock:
As it is seen in my chart ADBE completed the huge bearish ascending triangle fractal exactly by moving into the upper distribution zone from where it emerged with the pullback towards the downside and set up the massive 250 Billion bearish liquidation wave towards the downside. This wave developed very fast and by positioning oneself before this huge bearish wave and completion of the fractal towards the downside a trader could make a big load of profit in the market.
Now, ADBE is still trading within the gigantic descending channel formation in which it has the most prevalent upper resistance distribution channel which has been the origin of the massive bearish waves towards the downside before and is now already setting up the upcoming 300 Billion bearish liquidation wave towards the downside which is going to activate the completion of the second ascending wedge fractal and the preceding wave C towards the bearish direction.
In the next times, the whole bearish ascending wedge fractal will be completed with the breakout below the lower boundary followed by the breakout below the 65EMA and 100EMA from where the bearish trend acceleration is going to unfold huge accelerations towards the downside and the severe bearish continuations towards the lower target zones. Especially, in this case, the market could still continue beyond this level in the bearish direction.
Upcoming Perspectives and the major underlying factors that are primarily important for consideration on the short side for the stock, the sector, and the economic field:
It has to be mentioned that an economic field with high interest rates, spreading inflation, a stagnation within the sector is setting up the determination to increase this whole bearish wave development, especially with a more bearish volume moving into the market. Also, highly determining in this case is the actual technology developments because when they reverse in an economic field this will have massive bearish effects on the stock as well.
Now, for traders it is highly important to follow such market situations with the appropriate setup within the market, especially in such times it is necessary to have the right positioning within the market because a massive bearish pressure acceleration can start anytime soon considering a huge acceleration in the inflation, a smart money operator bearish market making in which the bearish conclusion will be inevitable, an expiring futures market in which a lot of futures turn to an bearish volatility in the market. This is why traders need to position their selves before all these heavy bearish scenarios are set up.
In this manner, thank you everybody for watching my analysis of ADBE. Support from your side is greatly appreciated.
VP
AMD Down -23% Since the last update | What's Next? 🤔Daily bouncing off demand after a massive sell-off. Low holds, and we can see a small pump into daily supply above, where shorts can get another chance to short it with a target of new lows.
Weekly looks like it's just working on a massive Head and shoulder topping pattern and should be resolved after the Santa rally.
Will continue to update if there are any changes to the roadmap
BTC/USD weekly timeframe analysisBTC Chart in the weekly timeframe, after setting an all time high ($19660) BTC has formed a Flag between $2,972 & $13,880. and had formed a very wide and long trading range !
As the formation of this flag, price has made a 2TB (2nd time back) to the lower FL and according to the huge buy orders which we can see in the candle formation, a new uptrend had started.
This uptrend was so strong that had engulfed the upper FL & ($19,666) SR line - & could cause a 1692% growth in the value of this asset and hit a new ATH of $64,895 !
After engulfing the FL, a new FTR was formed ($16,218-$19490) which in general we can call this a Decision Point for the green FL zone. We must consider this zone very important as it has been formed by breaking the SR lines and engulfing the previous FLs.
Next, price formed a new Flag between $28.800 - $64,895. We must take into consideration that in the first Pullback to the lower FL price engulfed this zone which was a sign of an end for the latest uptrend for the price of BTC ! And then we can see the price faking out of the Red FL zone in order to collect liquidities.
As you can see in the chart, after price descending under the FL and engulfing the SR lines, it has formed a new zone called FTR that is actually the DP for the engulfed FL zone.
In the big picture we could see a Wyckoff being formed which is a sign of change in the trend of price to a downtrend.
Then , price fell to the MPL zone of the previous FTR/DP and was supported to rise higher, but as there were huge sell orders after a tight compression, price made a pullback to the FTR in the lower TF and continued to fall to the point that it engulfed the MPL zone by crossing down $16,000.
Nordstrom Head and Shoulder'sJWN has a trailing twelve month Price to Earnings (PE) ratio of 73.69 which places it above the histroical average of roughly 15.
Another expensive retail name
#JWN has alot of stores in #California
Obviously not a great place to be a retailer, given the rampant crime spree going on in that state!
well The chart action clearly foretells further woes ahead ..
If Love The Gap. You will love it under a $1Let's look at some household retail names
starting off with The GAP #GPS
It's ATH was over Twenty years ago
Is this Head and Shoulders signalling a Bankruptcy event during the next recession?
XLK QQQ Down -10% Since the last BIG Short idea | Whats NEXT?AMEX:XLK Weekly structure changed, and the price is in a huge volume gap. Weekly head and shoulder breakdown and pops gonna get sold back down IMO.
First target hit and is now aggressively approaching the big target, which is the massive volume node around 150 🎯