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S&P500 - neutral for nowI know there are a lot of fear out there now for a possible bear market this year. We had a severe plunge in the US markets that started on 5th Jan till it hit a near term bottom on 24th Jan, chopped around the low for a few days before making a strong rebound that lasted almost a week. Since then the markets has started to loose some grounds again. However it looks like a bull flag is forming right now and there is a chance the market could continue to rebound further in the coming days. Whether we are still in topping process remains to be seen, it could still be 3-6 months of flip flopping and huge volatility before the picture becomes clearer. However, with the 50day moving average still above the 200 day moving average for all 3 indices (ie we don't have a "death cross" yet), I will not be overly bearish just yet and may also look for short term long (or short) opportunities. I would prefer to stay nimble and shorter term for now. Stay safe. Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you.
CME_MINI:ES1!
by Juliac
THORChain (RUNE) Buy ZoneTHORChain (RUNE) Buy Zone -------------------- BIAS Mid-Term : Bullish Risk : Medium On 4 hours timeframe, THORChain is currently forming a lower time frame bull-flag above its second to local high support of $3.9 zone. The buying pressure and the bullish momentum is extreme, which will very likely break to the upside any second. -------------------- $RUNE/USDT LONG SETUP Leverage : x3 - x5 Entry Price : 3.8 - 4.1 TP 1 : 4.26 TP 2 : 4.43 TP 3 : 4.67 TP 4 : 4.95 TP 5 : 5.25 TP 6 : 5.52 TP 7 : 5.85 TP 8 : 6.375 Stop Loss : 3.295 *Maximum 3% of Portfolio. *Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry. --------------------
Long
by Zerene
1
PYPL Breaking Down through Support Today I am discussing Paypal Stock which has been drastically sold off around 40% from highs! I do think this is crazy, and oversold. BUT, I am going to analyze stocks appropriately and without any bias. PYPL as shown on the Daily Chart has been breaking down through this Range it has been trading in of where I have a Rectangle shape Drawn. PYPL just closed underneath that rectangle 2 days in a row, and even rejected off that bottom of the Rectangle on Friday. That shows Strong Resistance at that level. PYPL also broke its Support from its previous breakdown @ the $179.20 area (White Line) PYPL has 1 wick left from the candle on Jan. 10th and then of course further back supports. But I think the range it is breaking out of now, is something to note down of not being a small break down. The reason I am saying this is because PYPL has now been in the sideways trading for around 2 and a half months. PYPL is now ready to make a bigger move, but here it seems that bigger move may be to the downside. Here are EXTRA Reasons why PYPL is a good SHORT idea here. TTM_SQUEEZE - Squeezing (red dots) indicating big movement of momentum coming. + Momentum Switching to Bearish. Broke Down and even retested the Rectangle range. Broke Previous Breakdown support. GAP to fill at the GREEN Rectangle ($130s) area. A lot of stocks like to always fill the gaps... and I know its a stretch to say hence it is a long time ago, but with bearish momentum this stock could easily fill that gap. Some contradicting indicators to this SHORT idea TTM_SQUEEZE (WEEKLY) - WEEKLY Still showing weakness, but appears to be wearing out, and fading to the bull-side. WEEKLY moving average cloud. Still some more key levels to be breaking I hope you guys enjoyed this idea! Share it if you liked it! If I do play this I will be looking in to Liquidated March & or April Puts near the $140 strike price.
NASDAQ:PYPLShort
by ZachSap
1
Hitting ~28k$ very soonBTC does look like its forming a bearflag. Could potentially hit the big resistance at ~40k$ before breaking out of this channel to the downside. Pricetarget of this bearflag is at ~28,1k$ which would automatically mean we hit also the golden ratio. This would be the best target to reach to be able to reverse the market and continue with the bull market. To the guys who are familiar with elliott waves: In my opinion wave C should be finished quite clearly once we hit the 40k$ and come down to 28k$ then. Please just correct me if I am wrong.
INDEX:BTCUSDShort
by crnkjexxxx