#SMH and all semi plays#SMH is seeing increased bullish volume ( blueish nodes ) compared to bearish volume ( orange nodes ) on the volume profile sitting on a great spot ontop of a volume shelf with plenty of room to push to the top side if we can keep this trend so far don't dive into plays in current market ease into them to manage your risk as best as possible
ETF
iShares Russell 2000 $40 per share shortThis is a trade that I have been watching for a while. We have a near perfect Wyckoff distribution pattern playing out. Partner that with all of the negative press around the USA recently and this trade is the one that I am most confident in. I expect a move down between $50 - $60. I will update as the trade becomes active and my thoughts as it plays out.
✅NASDAQ: TECH BUBBLE OVER? SHORT🔥
✅NASDAQ was trading in a nice rising channel
But now we are seeing a strong bearish breakout
From the channel and with the lower low
Being established that means with the high probability
That the current uptrend is over!
I think we will see bullish rebound
To retest the broken rising support of the channel
From where the index will start falling again
With the target of making at healthy 25% correction
Unless of course the market scares the hell out of the FED
And it will promise not to touch rates
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
Nifty ETF investment strategyHere is the best strategy for ETF Investment.
In the daily timeframes, when the RSI period 3 goes below the 20 value, then just buy the ETF in good amount. The return is very good.
For example in the above chart I have marked some of the signals.
You can also set the alert on RSI to get the signals.
S&P500 Will Go Up! Buy!
Hello,Traders!
SPY is trading in a long term rising channel
And I think that the rally is over yet
Because the FED's asset purchases will stop only in March
So I think we might see one more leg up
On SPY before the first rates hike happen in mid 2022
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!
Week 4: Sector ETF Expectations I use sector ETFs in my IRA account. Currently, I hold XOP and XLF, and I wish I held XLE. I will try to buy XLP (Which shouldn't be a problem) next week.
For Week 4, I'm expecting XLF to firm up and XOP to come in a bit. XLE would be kind to give me an entry point at prior resistance/ support, but we'll see. Oil looks darn strong at the moment.
XLF (Held), hurt me Friday, but held support.
XLE on fire
XOP (Held), can it hang on and break through resistance?
Bitcoin Death Cross Scenarios$BTC closed Jan 6th Daily with a bearish engulfing candle, providing indication that selling momentum remains strong.
Unable to sustain long-term mid-channel as support, increasing likelihood of 100 EMA falling below the 200 EMA for an impending "death cross" in near future.
Bearish structures continue, double tops, head & shoulders losing neckline support, Lindsay's 3 Peaks & Domed House.
Overall, macroeconomic picture shows markets are overheated with Fed communicating multiple rate hikes are imminent. Market indicators (M2, PPI, CPI, Rev Repo, etc.) clearly reflect bumpy road ahead.
Bitcoin support levels to watch - Going to $38k
Potential to continue downwards for support at:
1. Best Case: $35k
2. Likely Case: $30k
3. Worst Case: $19k
4. Candle wick low for worst case is potential of $12k to $16k
Invalidation scenarios:
1. Unlikely: Continued QE and "stimulus" delaying an overall major market correction
2. Possible: Market sentiment changes and BTC is considered a hedge to protect principal
3. Reversal: Bitcoin Spot ETF or other catalyst causing inflow of new money or broader institutional buy-in.
Think like a whale!Look at this scenario! There is a good chance that we will see the market top in March. Whales want to liquidate everyone and get your coins! Be careful and avoid perps.
Invalidation: None of the BTC spot ETFs get approved. Top of the market will move to the 2nd half of the year. This is highly unlikely.
$UVXY meltdown preparation *This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Some of you may have already noticed, but my team has taken this very bullish market day as an opportunity to close out the majority of our trades that trade with the $SPY. Our bullish stance on most of these companies still stand, but we just don't see any opportunities where we can capitalize and make a profit from them in the near-term.
My team isn't against trading with the retail crowd, but we do not plan to rush to our deaths. Instead we will be investing our funds into a $SPY inverse ETF. Lucky for us this ETF is down -17% today because futures jumped so high today.
This is simply our opinion. Feel free to hold on to your positions, you will be rewarded in the long-term. My team just expects further discounts on these companies in the next couple months.
Closed Trades: $TLRY $CHPT $GORO $PINS $MU $BABA $FB $KOS $CLF $GE $SNE $TARA $LODE $MIRM $CINR
Our Entry: $17
Take Profit: $28
If you want to see more, please like and follow us @SimplyShowMeTheMoney
XLB Nearing DECADE Long 2.618 ExtensionTrading plan on chart. Need a break and retest of the $94 area before adding positions. Favoring a corrective wave to add new positions. Earnings season could be the catalyst to spike into an ending diagonal (pointed out on chart).
This could be one of the top sectors for 2021 but I'd like to wait for a pullback to add.
If you get anything from this post please like and share. Start the conversation/debate in the comments :)
Cheers and happy trading!
Casey
S&P500 Index (SPY) Buying on Dips 📈
I bought SPY again.
After setting a new ATH the market retraced to the support line of a major rising parallel channel on a daily.
My confirmation was a bullish breakout of an expanding wedge pattern on 1H time frame.
I expect a bullish move to retest the current high & then to new highs.
❤️Please, support this idea with like and comment!❤️
✅S&P500 WILL KEEP GROWING|LONG🚀
✅S&P500 is trading in an uptrend
Bound by the rising support and resistance lines
And after the price recently retested the support
I think that SPY will keep growing with the target being
The rising resistance line
LONG🚀
✅Like and subscribe to never miss a new idea!✅
Stocks To Watch This WeekWeekly charts showing what is working in the market. I show the ETF first and them some strong names in the group. Get a pen and paper because I go quickly and make the trade your own.. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 35 total stocks on this list Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!