Get started

Dip

Bearish engulfing SPY /weeklyIn the chart, you can see all the bearish engulfing signals on the $SPX from 2018. They have all resulted in corrections over the next 3 trading weeks, or a much stronger pullback during 1 week. For a deeper dive on a daily chart view analysis, go to the related ideas below (Market Internals in Trouble) . Positive Note: If we can rally and close on a weekly basis above the high of the bearish engulfing candle; that could would negate the down-trend signal.
SP:SPX
by dorfmanmaster
6
Hedge your bet with the ARKK Innovation Etf just now With big tech falling after the first week down for the S&P in 2021. We will likely see a slide in the technology space. I believe a buy in the ARKK ETF is a nice prospect. They have positions in companies that are prime to continue performing well in the market. I will be buying the dip on this ETF into the buy zone listed. Tech will slide, the question we need to ask now is for how long. Top 10 Holdings As of 1/29/2021pdf_iconView All Holdings Weight Company Ticker Market Price Shares Held Market Value 9.56% TESLA INC TSLA $793.53 2,726,469 $2,163,534,945.57 6.71% ROKU INC ROKU $389.03 3,901,096 $1,517,643,376.88 5.24% TELADOC HEALTH INC TDOC $263.83 4,495,919 $1,186,158,309.77 4.63% SQUARE INC - A SQ $215.96 4,854,798 $1,048,442,176.08 4.42% CRISPR THERAPEUTICS AG CRSP $165.70 6,030,285 $999,218,224.50 3.80% INVITAE CORP NVTA $49.52 17,340,761 $858,714,484.72 2.89% PROTO LABS INC PRLB $211.80 3,088,854 $654,219,277.20 2.82% BAIDU INC - SPON ADR BIDU $235.02 2,717,183 $638,592,348.66 2.76% ZILLOW GROUP INC - C Z $130.46 4,780,089 $623,610,410.94 2.75% SPOTIFY TECHNOLOGY SA Comments Leave a comment that is helpful or encouraging. Let's master the markets together SQ
AMEX:ARKKLong
by Alex_Trades12
2
INCOMING MARKET CORRECTION S&P500Firstly, based on the charts we can see that the S&P500 is likely due for a correction based on the 77 to 80 day time period. Secondly, the indicators Stochastics (14, 3, 3) and RSI (14 Close) indicate that we are reaching an overbought position based on the daily time frame as well as on the monthly chart. Thirdly, following the upward trend pattern of support and resistance, we are about to hit the 0.5 (3909.8) level of the Fibonacci Extension starting from the bottom of the Covid-19 market crash last year with the high on 2nd September 2020 and the low on the 24th of September 2020. These are my reasons as to why there might be a potential correction due soon. My opinion is that we might see a 8% to 12% correction to the downside towards the 100EMA line (Green Line) and be held by support level at 3532.4 (Orange Line) on the daily time frame in the weeks to come as we close upon the months of February and March 2021. Stay cautious investors and traders. Just my 2 cents.
TVC:SPX
by GenMTrader
S&P 500 Elevator down?Looking to buy something today, I say we go down a bit because I wanna discount...In all seriousness, we can afford to go down a bit, and often the best discounts happen Thursday-Monday if you are buying and all else being equal. Picking up speed as well it seems. Don't see a crash or anything silly like that, but I can see it visiting the EMA bands, somewhere near 3800 in the next day or two. I am not short for the record, nor am I looking to go short.
SP:SPXLong
by JJMa
2
I think Ethereum will break $1420This is in my opinion the best time to go long on Ethereum. If I am correct then that'll be the fourth time in a row, please use proper risk management when trading and remember the market is unpredictable. The best way to trade this right now is to focus on where the support and major support trendlines are. If we go based on this it means we have an idea where we could possibly drop to in terms of price without being disturbed by red candles on the screen.
BYBIT:ETHUSD.PLong
by CountOnCrypto
12
30% Drop is possibleLooking at the weekly chart, I have noticed that with each parabolic run to ATHs, bitcoin pulls back at least 30%. Mid Jun 2017, we saw a run then a pull back of 40%, another 40% late August 2017, again mid November 2017 (35%) and by the end of 2017, another 40% before the bear market initiated. Analysts have been anticipating this break down for a while after a couple weeks of indecision and sideways trading. In my previous idea, I was way too early to jump on the candle close below the 4hr EMA ribbon, but now that there has been confirmation, we have already seen a 6% drop today. Price target will be at low 17k.
GEMINI:BTCUSDShort
by kingcheng
$BTC / USD 4H "Can chop longer than you can stay sane" ~$18K dip$BTC / USD 4H Chart - no indicators - support levels in green - resistance levels in red Bitcoin pushing a breakout of the historic $20K all time high. No need to fight the clear trend here, but try to avoid getting chopped up. I think there is potential for Bitcoin to range around $18K (white box on chart) for a little while before retesting the top of the channel. Chop trading plan - buy the dip around lower $18Ks, ideally play the ATH breakout with a retest of around $20K and then the real fun begins.
COINBASE:BTCUSDLong
by dragoncharts
BTCUSDT - ZERO HOUR? Quick hourly chart watching: Potential H&S?I don't usually look at hourly, but I felt compelled today for some reason. More coffee than usual perhaps. Here's what I see right now. Looks like we're posting a head and shoulders. keep an eye on it as this is a formation we generally see before a big ole' dip. This would turn yesterdays pump into the up side of a BART. Which it does actually look like. We're above EMA on the hourly charts. Not as big a deal but hey, its there. Also we've been in a clear descending channel. If we take the channel from the 19th we're right at the top right now. Could be the deciding moments in the next little while. Exciting. Watch the previous high, or the potential head in an H&S. If BTC can get over this it will have avoided it's dreaded formation and may test upper limits of 11k. If we post a shoulder (below the high point marked) expect a retest of previous support. Good luck everyone and be safe.
by cryptosince1963
1