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$len losing momentum/distribution higher time frame is showing range bound price action- negative divergence in rsi closer look at mid time frame shows the transition from a range expansion to range contraction and selling volume pressure being applied along with negative momentum lower time frame shows price action in that same range contraction apply pressure to the support area with multiple retest looking for alignment across all timeframes to tilt to the bearish side where theres is the least resistance to the downside first level to 51.7x area and then down to 51.1x
NYSE:LENShort
by inco1
Is the AMD Hype Over? AMD has shown no signs of slowing down, until now. After the mixed reviews of Ryzen, which was initially a reason for all the hype around AMD, investors are selling. With even the largest investor dropping 45 million shares at $13.70. This is all as AMD was hitting a near 10 year high, which also happened to be a major resistance/support level. On the weekly chart, we can see Bearish Divergence on the RSI, and the MACD Leader. Also, for the first time since the beginning of 2016, the Accumulation/Distribution line has dropped below the 20MA on the weekly, showing a potential change in trend. (Not Shown)
NASDAQ:AMDShort
by UnknownUnicorn664841
1
More Before Less Central Bank Stimulus To Run Economies Hot 2017Central banks are (again) helping bulls by keeping the stimulus active until they see higher inflation - according to rumors and speculation of the last three days, ahead of the next ECB meeting this Thursday, October 20, 2016, where Mario Draghi might surprise the market to the upside again, after the reaction to the last meeting was a falling stock market. This could mean that we might get a very boring low volatility sideways choppy trending market in the next months until maybe even the end of January 2017, as shown on the chart. If these trend lines hold, the next move would be up, therefore a long to at least 2150 is the next logical step in this calm market scenario, if the low of October 13, 2016 holds as key support, producing higher lows as result in the days ahead. The upper end of this projected move higher could end at resistance around 2169-2171, which is the 2. long target after 2150. Long entry: 2125-2130 1. Target: 2150 2. Target: 2170 Stop Loss: 2120 1. Reward: 20 points 2. Reward: 40 points Risk: 10 points (from 2130) The news: "Draghi Seen Embracing More Before Less 'QE' as Inflation Edges Up" www.bloomberg.com Seventy-eight percent of the 50 economists surveyed by Bloomberg from October. 7-14 forecast the ECB will announce fresh stimulus, and nine in ten of those say it will happen in December at the earliest. There is a common perception that WSJ reporter Jon Hilsenrath, perhaps one of the most well-connected journalists at the Federal Reserve. Here is his last article for the Wall Street Journal: "Yellen Cites Benefits to Running Economy Hot for Some Time" (by Jon Hilsenrath) www.wsj.com (here a link without a pay wall) www.morningstar.com P.S The "S&P 500" close of Friday, October 14 shows a lot of bullish divergence on the mainstream indicators (RSI, Stochastic, CCI) and the "S&P 500" bounced back from outside the standard deviation as shown by the Bollinger Band. Therefore there is still some chance left for the bulls to turn this sinking ship around during this outlined potential sideways trend.
SP:SPXLong
by ChartArt
1
S&P 500 - Distribution - short (potential)Seeing some decent distribution here, the breaks on this move up have been applied. There's signs of weakening momentum up to monthly... That said just cause the breaks have been applied doesn't mean we're about to stop just yet. Might keep on grinding for a bit more. Likely more room on the downside than the the upside tho. Will be on the lookout for short opportunities. Main target for an eventual short would be the support that allowed this move up. Partial profit taking at the high tf/ long term levels on the way down.
FX:SPX500Short
by TheYangGuizi