NASDAQ in the C wave as expectedHello trader!
As you can see, the NAS100 keeps dropping exactly like what we analysed on 19th March.
Thanks to the Elliott Waves, we are now in the C of the ABC correction.
We are therefore in the C of the C.
We will then see another red week to go to reach the different objectives.
First objective: 12250/12173
Second objective (strongest) : 11720/11600. This one is the strongest because we will reach the 50% of the retracement of the 2 years of COVID, and also the 123% of extension
Crashingmarket
US30 still playing out the 2008 crash patternPrice broke the support again. We are early in the week but looking to cover the previous wick and possibly head lower.
Given that a war is going on now, and not simply an economic crash, we may not even get a second pull back (people buying the dips).
Expecting to clear the previous candle wick, to 32,300, and we'll see how market reacts from there.
Confirmed bear trend on SPX!! CRASH COMING?Spx has just had a confirmed trend on the weekly to the downside. Is there a potential crash about to happen? Inflation is through the roof, The us has stopped printing money, Interest rates are going up this year in most countries...... What happens next?
We are due for a correction at least. We have a correction every two years. Looking at all the data most corrections have a pullback between the 13-20% mark. Bear markets hit at least the 35%- 50% mark. If the bear market is happening we will see price drop to the 2020 lows.
You have to look at all the facts, do yourself a favour and go look at some of the top companies in the world
Netflix
Uber
Paypal
Zip pay
Meta (facebook)
Alibaba
Tesla
These companies have fallen near 50% and so has the crypto market.
Google and amazon have an unconfirmed trend at the moment however i highly predict they will make a new low on the weekly. How far will we drop no one knows. However you can look at this as opportunity to get some great buys coming up in all markets.
Invest safely
Russel Wyckoff distribution phase DIWM looks like it is about spend the next week or so completing Phase D of Wyckoff distribution, a test of the resistance overhead seems likely followed by a subsequent fall off into Phase E downtrend, the gap down to 163 seems like a likely PT by all metrics, including Fib .786 retrace between what I would consider the last 2 major pivots.
Win size matters - Irrespective of Market TrendWe provide daily technical analysis for educational purposes and real-time trading purposes only
$US500 - S&P500 futures - COVID crash 2.0 or correction ..?- BREAKING NEWS -
According to WHO, the new covid strain is considered "serious"
Let's see what this is all about. Technically we are playing out a bearish divergence that has built up since we found that top on november 5th price kept sloping up, but momentum was fading. And news like today is a perfect catalyst to make such a divergence play out.
We have some sort of support/demand line coming in again, we created that support line, when we found the bottom of the sept/oct correction and even backtested it nicely couple days after.
I think coming back to that trendline is healthy for the market, and if market participants really buy that demand again, we might be up for an aggressive rallye. If we smash that demand line though, I think there could be a bit more downside to this.
I think, at the moment its well advised to have decent cash posotion on the sideline rdy to be put to work.
I will post a LONG setup, whenever there are signs that market might be rdy to run.
At the moment, I don't think that we will be fully crashing, but, if we break that demand line with high volume, and maybe even backtest it as new resistance, then a short might be something to think of.
Stay tuned, and please comment like and follow me if you can :)
S&P 500 update after the Evergrande crisisHello everyone, as we all know the market action discounts everything :)
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China Evergrande Group has missed a second bond coupon payment in as many weeks, renewing concerns over its ability to repay over $300 billion in liabilities.
This Showed an instant effect on the market, the S&P 500 by dropping almost 2% today it went from 4377.41 to 4301.01 and because Evergrand seems to be heading into default and the grace period of 30 days has started, This could be the start of a big market crash that is similar to the Lehman brothers crises that caused the 2008 crash.
Possible Scenarios for the market :
Scenario 1 :
The markets seem to be heading in a Bearish way that will cause a further drop in the market and the first stop will be the support level located at 4248.77 and from there the market will have a chance to stabilize but for that to happen the Bulls need to step in and gain control over the market in hope to prevent a further drop.
If the Bulls were able to gain control then we will see a bounce of that support level that will lead the price back near the 4347.83 level.
Scenario 2 :
After the market reaches the first support at 4248.77, The bears most likely will not allow the Bulls to gain any control which will lead to a breakout of that level that will lead into a further drop possible leading into the 4191.93 levels which could be an early warning signs for a crash in the Economic world.
Technical indicators show :
1) the market is below the 5 10 20 50 100 MA and EMA indicating a Bearish short/mid trend, and still above the 200 MA and EMA that indicates a Bullish Long-trend.
2) The RSI is at 34.17 showing weakness in the market with a strong chance that the indicator will go into the overbought zone.
3) The ADX is at 30.35 showing that the market is trending, with a negative crossover between DI+ (12.33) and DI- (36.94).
Weekly Support & Resistance points :
support Resistance
1) 4352.12 1) 4512.31
2) 4248.77 2) 4569.15
3) 4191.93 3) 4672.50
Fundamental point of view :
Asian equities followed Wall Street sharply lower and bonds rallied on Friday, as risk sentiment soured amid growing worries that inflation may persist even after global growth has peaked.
U.S. stock futures pointed to a 0.60% decline for the S&P 500, following a 1.19% drop in the index overnight that punctuated its worst month since March of last year.
Federal Reserve Chair Jerome Powell said on Wednesday that resolving "tension" between high inflation and high unemployment is the Fed's most urgent issue, acknowledging a potential conflict between the U.S. central bank's two goals of stable prices and full employment.
China has proved another particular worry for investors: the economy took a hit from regulatory curbs in the tech and property sectors and is now grappling with a power shortage that threatens to push up energy prices globally. According to reuters
Concerns over China Evergrande Group have put investors on edge and added to recent worries over economic growth from the Delta variant.
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
TSLA: Will it finally fail and go to $0 this time?Hello traders and investors! Let’s see how TSLA is doing today!
Naturally, it is dropping along with the entire market, but we may find some reasons to not panic, at least. First, in the 1h chart, we have a crash, not the beginning of a bear trend, as we lack bearish structures (like a lower high/low).
However, we are losing the purple trendline in the 1h chart, and this is annoying. It would require a fantastic movement in order to reverse this bearish sentiment, which is not something we can count too much (but we can't discard this possibility either). Let's see the daily chart for more info:
In the daily chart, we are losing the 21 ema, and it seems nothing can help us here. We don't have any reaction, so, as far as we know, TSLA is seeking the next support, at $728, which is the purple trendline area in the daily chart, and the previous support level.
The volume is looking good, but the only thing missing is a bullish pattern near its support levels. We must wait for more signs before jumping into any conclusions. It is not the time to buy yet, but it is not the time to sell in my view. It is the time to patiently wait for an openning.
If you liked this analysis, remember to follow me to keep in touch with my daily updates, and support this idea if it helped you in some way.
Have a good week!
NIO: Seeking the $ 30? Next support and key points!Hello traders and investors! Let’s see how NIO is doing today!
First, it failed in reacting near its support levels, and it is dropping sharply. We don’t see a good bullish reversal sign around, and it is following the Chinese stocks sell-off.
One thing to keep in mind: We have two open gaps above the price, and I’m convinced that they will be filled, we just don’t know how or when. It might take years, or a few weeks. As long as we don’t see any good reaction, there’s no way this is a buy again.
In the daily chart, it seems NIO is doing a H&S chart pattern, and today it is triggering the pattern by losing the neckline. Again, since we have no reaction around, this might be a sell sign, if confirmed.
If we see a good reaction this week, this will become a phenomenal buy sign near a support level, but as long as it doesn’t react, there’s nothing else we can do. The next support is at $ 30, and it might hit there. Let’s follow NIO closely, as when the situation is dangerous, we see the best opportunities.
If you liked this analysis, remember to follow me to keep in touch with my daily updates, and support this idea if it helped you.
Have a good week!
Short Russell! Heck pick anything and short itMarkets look weak looking everywhere. I don't know in deep about markets and economics. But my tecnical analyse I know very good. And everywhere I see is weak technicals.
Volumes are weak
Trends are down
Rallys are weak
Dips are strong
Upper wicks are long
Vix are low
So right here I take a short on RTY. And we see how today is to go.
I still be in my gold trade from last idea. I will get stopped out though very soon. But I already make great money on gold. Now moving it into the index.
Thanks for following me and reading me.
Ms. Bunny
Markets are weak. I sold RTYI sold Russell at 2248. The markets look real weak, more than I see in just a few years. My friend HK_L61 has real good material on her page. check it out. So smart and has so much information.
My opinion, if RTY and more specific M2KZ2021 break below 2213-2215 then markets headed for real big problems. And big profit for me. Of course use good risk management and stop loss. Inflation still concerning in spite for today's news. See how Fed reacts.
My dynamic MA moving down. I will get a entry trigger this hour, so I decide to get head start, with safety. volatility maybe to get very crazy. Buying VIX maybe not a bad idea either.
support for sell:
dynamic moving average falling.
Price repeated rejecting by 20 MA.
Daily trend down, and I see good reason we will just about make a lower low on daily. If so, watch out below!
yesterday lowest volume on 3 month period on Russell.
Us30Us30 already gave breakout and now it's on correction phase after giving correction breakout we can see huge short free pipes💲💲
The Stock Market Crash Is Right Next To You... [WARNING]
Hello all. Today I unexpectedly found a great discovery on AAPL, Apple. Yes, I will talk about the holy stock market crash today.
These days everyone wondering: Is that really true that stock market is going to crash? I am also one of them, so on the other day, I did a quick analysis on the VIT stock. But the analysis was wrong, I NEEDED to do analysis on a REAL stock, but not a ETF or likes.
But why Apple? It's obvious. The Apple stock is, literally, the number one stock on the market. Nasdaq, DOW, S&P 500, the stock is on the "very top" on the variety of indexes. Knowing Apple's future price, you could safely say that it's equivalent to knowing the future of the entire stock market, financial market.
So, the key indicator on this analysis is: A fibonacci retracement
While fibonacci retracement is an amazing tool, you need to take a closer look at how precisely the fibonacci retracement is working on the chart. How nicely the prices are fitting to the fib retracement lines decides the level of trustworthiness for the fib retracement, like the above.
(Pro tip: Use the magnet tool; Toggle the logarithmic mode to see a clear view where is the true peak and the true valley; Find a best fibonacci retracement, take a closer look at horizontal supports)
Other than the fibonacci retracement, there are two (three) reasons why I believe that the stock market is going to crash.
1. Three peaks
A three peaks, this is my original term. As you can see on the chart, you can see a three tops, where the each is all on the nearly same level, but not far from each other. This is a big signal that you can vaguely tell if the market is not performing well. You can find the pattern on the recent Bitcoin 65K crash in the early 2021.
2. RSI bearish divergence
RSI divergence is a huge help to precisely tell if the asset is going to crash on the timeframe. Apple is marking a big bearish divergence on its monthly timeframe and its weekly timeframe. It's very important here to ensure that the 1M timeframe is as well bearish but not the 1W timeframe.
3. EMA ribbon crossunder
This is also my original term. An EMA ribbon crossunder is when an EMA ribbon crossunders the SMA 50. In other words, When the SMA 50 crossovers the EMA ribbon. An EMA ribbon is an array of EMAs, exponential moving average. Usually EMA 25, 30, 35.. 50, and 55, or likes.
The crossunder of an EMA ribbon under a higher moving average such as SMA50, means that a shorter or more reactive moving crossunders a longer or less reactive moving average. Fundamentally, EMA ribbon crossunder is the same concept to a death cross, where SMA 50 crossunders SMA 200 or SMA 100. But an EMA ribbon crossunder is more visual friendly. An EMA ribbon crossunder also happened on the Bitcoin crash, and often on other assets.
So, that's it. Hope this helps for your exit strategy.
Oh, and also note that it's also highly possible that you will see a bull trap, a.k.a dead cat bounce. You also could say the complacency phase in the market cycle.
I'm very scared of the market crash, not because I could lose big, but it could lead some more serious side effects to the real world. You know what I mean. Perhaps you'd better prepare some gold and foods in your house XD
Stay safe.
// This is NOT a Financial Advice. This is For Educational Purposes Only. //
3 day may signal 40 - 60% flash for BitcoinThe 3 day chart of bitcoin on heikin ashi has recently deviated from the bull trend and OPENED below the LSMA 50.
on the 3 day chart, the LSMA 50 is extremely consistent for both bull runs and selloffs, i have reason to believe that bitcoin may dump 40-60% from current levels
this is us in 2021 as of march 25th
this is 2018 at the beginning of the bear market
november 2018
if Bitcoin can somehow reverse this 3 day trend this fast, it would be a first in bitcoin history
i see 40k as a minimum target
XAUUSD - Time to buy gold before incoming stock crashWith the economic reopening after covid-19 crisis, S&P 500 will rise to somewhere between 4,700 and 5,000 before falling 30 to 50% (previsions 2021-2024). I'm looking for a trigger event ( black swan ) like a big war associated to a big inflation.
It will be also an opportunity to buy cheap stocks for long term.
important indicator to follow: www.multpl.com
BTC/USD - Dead Cat BounceWe saw the market take a deep dump today after Elon Musk's tweet saying that they would not be accepting bitcoin as payment for Tesla due to the harm and damage that mining bitcoin has on our overall environment.
Since we are just seeing the start to a new trading day (UTC Time) I think price has started off the day with a dead cat bounce and that it will finish its move to the downside to complete the overall ABC pattern.
Check out my last two posts. I was right about the last two big time rejections that we've seen so far with this pair.
Crypto Market blood bath is inevitable!Everything that goes up must come down. Just like the Stock Market, the Crypto market crash/correction is HIGHLY POSSIBLE! That's nature, that's balance. Here are my 2 cents. Good news is that we might see 2Trillion MC. Keep an eye on bond treasury rates and FOMC's balance sheet normalization program.
US30 short idea 14/4/2021 We're probably heading around 4% down. At the very least a correction, it might even continue.
The Pandemic Debt Bubble of 2020 - ? I mean, does it need more explaining? The writing is on the wall. Even if you're sub 100 IQ, you would understand that going up = good and down = bad. We are going down. Very fast. That blue line is a 200 sequential moving average line. It means if you're under it for a long period of time, you're doing something very wrong. Buy Bitcoin, physical gold/silver, a house, magic the gathering cards... anything that can hold value for years. We are going for a ride.
APPLETHIS ANALYSIS IS ONLY VAILABLE IF A GLOBAL MARKET CORRECTION OCCUR A BULLISH SCENARIO COULD ALSO OCCUR IN THE MID TO LONG THERM.
THIS IS ONLY A TECHNICAL ANALYSIS BASED ON ELIOT WAVE THEORIE! WE DO STILL SEE SOME BULLISH AHEAD OF US AT LEAST ON THE SHORT THERM.
WE DO SEE A CORRECTION OCCURING THIS YEAR, and since 5 wave find there tops, and the correction ahead of us no matter what bullish american famous investor says this gonna be a good year and then buying bitcoin as a safe heaven will happen on any bad news.
plus if we did reach the top risk to reward ratio would be 1:4.
i don't know about you but i do like those kind of setups.
also to note: we were bullish and got most of the big bull move this year that can be checked on our profile. if we turn bearish is because a market full of yolo traders and fomo traders is absolutely frodulant and not healthy.
the simple fact that a tweet from elon impact so much an no related company just show how dum the money in the market is currently
Possible Stock Market CrashNow this an interesting one,
Traditional Markets Closed last candle very bearish as shooting star and with selling pressure,
also we closed below the previous candles close, indicating more bearish momentum,
We also confirmed the 4 drive bearish RSI divergence, which is hefty
After the first bearish divergence we had on the monthly we crashed about 21.13%,
1 Year 1/3 later we had a third crash caused by corona and a 3 drive rsi divergence, which is about double as big from last crash
Now we confirmed a 4 drive rsi divergence, and the government initiating a second lockdown, aswell as the elections happening,
We very well could crash a third time and this time looking at the previous crashes, this would put us at 1720
