Major Divergences Hidden Here + H&SExpecting a major breakdown, possibly gap down in the coming weeks.
Breakdown
S&P 500 Crash Playing Out as ExpectedHi, all.
Over the weekend I recommended looking into shorting the S&P 500 index, as it looks on the brink of a crash. Today, we can already see this breakdown taking place, as the index dropped nearly 11 points today, producing fair returns through SPXS (triple leveraged reverse index for the S&P 500 index). However, we must not assume that this drop reflects the crash just yet.
The MACD chart shows that the index is going bearish in coming days, but we must remember similar pullbacks like the one today may happen all the time. Additionally, we can notice that buyers pushed price back up after the initial sharp drop. This could indicated possible bullish action in the near future. Despite these arguments, however, I still hold that the index will eventually drop to around the $2500 level before bouncing on the support, but may possibly rise back up to around $2850 before really crashing.
For the time being, I am going to continue to short the index by buying shares in SPXS. Thanks for reading, leave a like if you agree!
Double Top & Symmetrical Triangle HOT/BTCThere is a double top and neckline is already broken.
Symmetrical triangle already breakdown and retest.
HOT may go all the way down.
AUDUSD SHORT PositionShort on AUDUSD
Graphic analysis :
We can see the breakdown of symmetrical triangle (already working on)
Technical analysis :
The MACD is still in BUY so we can predict a little stabilization (by breaking up the bearish canal) before the price will go down.
TLRY is weakNASDAQ:TLRY
Notice the low volume and the bearish candle on the daily chart while it fails to breakout of the box and is barely supported by the 20 ema
NYSE: #Twitter | $TWTR has held this support for +440 Days!NYSE: #Twitter | $TWTR has held this support for +440 Days!
Personally, we are SHORTING. This play looks like pure manipulation,
and it's just a matter of time before we BREAK DOWNWARD.
The world's stock markets are OVERBOUGHT, and appear ready
to TUMBLE DOWN to amplify the ugliness of this chart!
USD/CAD: Sell From TOP or Break Down !!BUY & SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
*****great short candidate*****NASDAQ:FEYE Trading 5, 20, 50day MA's. Also below 1, 2, and 3day VWAPS. Sell short below 16.49. Don't chase it if it gaps through the trigger. let it settle down first.
***GREAT BREAKDOWN CANDIDATE***NASDAQ:SWKS trading below 1,2, and 3 day VWAPs. look for a bounce at the open and short on the way down below yesterday's low. don't participate if it gaps down. let it settle first.
Good breakdown potential.NASDAQ:GILD Look for a bounce first at the open and short on the way down below 5day moving average 66.40. keep in mind that it's trading above a declining 5day MA. participate until it breaks below 5 day MA.
***Nice bearish setup***NASDAQ:AMAT below 1,2,3day VWAP and below 5day MA. Short below $38.59. do not participate if it gaps down through the trigger price.
