CHINA A50 - LongChinaA50 has fallen towards 200SMA and 161% Fibo. Has found support and looks set for a good 1000 points Rally in the coming weeks.
Indicies
US Indicies/Stocks setting up for a much deeper price correctionPay attention traders, the US equities market and the US Indicies are setting up for a much deeper correction than many people are expecting. A few weeks ago I warned that a 2.5~3% correction was setting up in the markets. The markets immediately turned lower and fell about 2.25% before bottoming out. Today, my custom indicators are warning that we could be setting up for a much bigger price correction. Possibly in excess of 4% with a chance that we could see a move to near February 2018 lows on an extreme move.
I don't expect this extreme setup to happen immediately as it would likely have to be paired with some global-economic event cycle. In other words, a 3~5% move is understandable given the recent rally. As long as recent support holds, this is a healthy price rotation for further upside prices. A deeper price correction, to near Feb 2018 lows, would be a sign that some type of failure in the markets is taking place.
The US Indicies have recently setup a massive double top formation that could become a catalyst for this next move. If you are long and have decent profits, this might be the time to book those profits and reduce your exposure to risk. My analysis says we are just a few days away from seeing a deeper pullback in the US majors. If you are capable, initiating a Long trade in an ETF 3x Short symbol might be a very good play. Just remember, this will likely be a 3 to 6 day trade before maximum profits are reached.
Pay attention to my analysis if you want to learn to time the markets like I do. I've been doing this type of research for over 25 years.
QQQ - (Short Premium) Short straddle to profit from high IV $$$In this video I cover a short straddle trade in QQQ that has a slight bullish bias to profit from both a price pop as well as the high implied volatility in this underlying.
**Current Market Structure**
-Medium/Long term bullish trend
-Price is reaching some key support areas at 175, 171, 170
-Bearish weekly candle may see prices push lower but I expect buying pressure to quickly enter back into the market
**Trading Tips**
-Right now is a good opportunity to be selling premium as the implied volatility has spiked from the recent selloff
-IVR is much higher in QQQ than in SPY or DIA due to the tech heavy nature of the Nasdaq and the fact that much of the selling has been in tech
-I could see price dropping down to key supports but I expect strong buying to enter back in, so I selling premium with a bullish bias
-Breakevens are in good areas with the lower BE just below key support and the upper breakeven giving plenty of overhead room in case price starts running up quickly
**Trade Ideas**
-I sold 178 strike straddles w/ 53 DTE for $9.50 per contract($950 total profit)
-I am selling premium with a bullish bias to not only profit from the high IV but also to profit from a bullish directional move.
-My defensive strategy, in case either my put or call is breached, will be to roll the untested side and create an inverted strangle. If the price is tested on the put side I would likely sell new 16-30 delta naked puts to further profit from high IV and get more directional for a price pop.
EWZ - (Short Premium) Selling straddle into high IVRThere is no real clear price action direction, this chart has even room to run in both directions, and the 'IVR is high which makes it a good candidate for a short premium trade. I am selling a straddle as I can collect 10% of the underlying in premium in just 46 days.
NASDAQ / NQ - Inverse Head and Shoulders breakout buy signalOvernight the NASDAQ futures formed an inverse head and shoulders pattern following Trumps tariff threats. This pattern is showing that buying has quickly entered back into the market and we may see a large short squeeze with a quick pop in price. The price target based on the pattern and overhead resistance is around 7430. As with all patterns nothing is guaranteed so if you enter this position always protect yourself with stoplosses or use defined risk trades like the short put vertical spread.
FTSE 100 - Bullish 5-0The FTSE 100 is shaping up nicely on the 4h chart, I'm expecting this bullish 5-0 formation to complete within the next few weeks at the 50% retracement level.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
We will be trading with a stop loss below the 0.618 retracement level at 7240. If we execute the trade, target is 7896.
You guys know what to do... Like, comment and share! More analysis on the way.
S&P 500 - Bullish AB=CD BAMMBullish AB=CD BAMM opportunity is now shaping up on the Standard and Poor's 500 index on the 4h chart.
This one to one measured move looks excellent, the AB=CD completion is beyond the ATH at 2877, this is complemented by the reciprocal ratio of 0.5 which is the 2.0 projection.
I'm expecting price to break resistance @ B followed by an acceleration in price action towards the pattern's completion. This move needs to be assessed in real time and we cannot use any limit orders, analyse price action upon the breakout of 2792 to determine the continuation.
We will be trading with a tight stop loss if executed, target is 2892.
You guys know what to do... Like, comment and share! I'll keep you all posted :)
Nifty50- Intresting Bull and Bear fightHello Everyone,
Nifty seems pretty Interesting and stuck in a channel for a week. Explained everything at the chart for call and put position .
Good luck
Russell 2000 USA lot is going on in here and a lot needs to be taken out to reach this bearish scenario to take place, but YES! it is possible and I am going in for this with stop at 1645/50. This needs at least 2 weeks bearish trend to play out for the price to reach 1460 Area or maybe just maybe if the markets get stretched than 2nd Quarter will be my target. The graph is self explanatory so i wont go into detail but Fingers Crossed. based on last 3 months action this does look attainable.
Hang Seng - Key levels to watch for. Trading opportunitiesHang seng has been sold in line with Chinese equity markets and global equities markets due to trade tensions with US. As these start to subside, and market awakens to the fact that both countries look for win-win agreement equity markets should rally in the near term. Larger moves can be made if key technical levels are broken as highlighted in the chart.
Good trading to all.
What's With These Jobs Numbers? - Market Pop on Fake News?Where are these jobs numbers coming from?
On 5/4, the latest U.S. jobs report came out showing unemployment at 3.9%(?!?) with 164,000 jobs added and wage growth virtually nonexistent.
The market (DIA) couldn't decide what to do with that news early on, but Apple (plus tech overall) and energy (stocks like RIG ) were credited with lifting the indices higher, and traders ultimately deciding the jobs report shows inflation being held at bay.
Thank you for lending me your attention!
But if the market pop is on low unemployment (fake news) and staved-off inflation (short-term reprieve from the inevitable), that's not going to prop the market long.
How is that 3.9% unemployment even calculated?
Without going into details, the way unemployment is calculated has changed over the years. Many experts will tell you that if unemployment was calculated as it was back in the 90's, the number would be much, much higher. Even still, I believe unemployment has been miscalculated for a long time - presenting numbers lower than what is realistic - and a claim that unemployment is below is 4% is outrageous.
The jobs environment is desolate, especially for young people. Not only is entry-level pay below livable wages, but a massive amount of jobs are ready for replacement by automation. More and more people are dropping out of the workforce, and record debt levels are coming to pass as the U.S. population is forced to turn to credit - rather than a paycheck - to maintain an acceptable standard of living.
Peak earnings, slow global growth, fake jobs news, a destitute situation for young and old workers alike - the short term (questionable) news can't change the nature of reality, and if there is something that can legitimately send the markets higher, it's not - and won't be -jobs.
Please like, follow, and share, and maybe we can have fun and do great things together.
Thanks again!
See it on the site: holsturr.com/category/markets/charts/
** For speculative and research purposes only - good luck! **
The beggining of the endBig head and shoulders. If you where following my live trading today we tracked the right shoulder on its way up. Heres a nice setup with a 3% possible upside and a stop around 1% loss. I will be updating it as I go along.
TRADE TYPE: LONG
ENTRY: 2676.67
TARGET 1: 2608 (Sell 50% of position)
Target 2: 2589 (Sell 30% of position)
Target 3: 2536 (Sell 20% of position)
If this was helpful to you then swing me a like and a follow!
PLEASE COMMENT
If you disagree... lets debate!
If you agree... let me know!
If you don't understand... ask a question!
I love me some discourse
Happy trading
The droopiest ballsack in town,
Darklord
DONT GET CAUGHT IN THE BULL TRAP. SHORT SPXAs you can see we have continued our way printing that nice thicc inverse head and shoulders. We had little bit of a run up yesterday and suddenly the media sentiment shifted.
DONT GET CAUGHT UP IN THE HEADLINES.
Apple will not save you, Boeing will not save you, the fed will not save you.
The top has blown off. Dont pay attention to the bull trap!
Keep your shorts and lets make some money.
Scoopity Poop
Poop De Woop
Poop Scoop
Darklord_
Undervalued company with GREAT financials! FREE VALUE PICKHeres some easy money,
Navios Maritime Midstream Partners L.P. is a services and shipping company.
It has been priced at a premium by the market as a result of overreaction to selling of ships.
These ship sales have increased the company's cash flow and helped them build an already extremely beefy balance sheet.
I believe the market has priced NAP at around a 30 percent premium.
You shall see in due time
Peace out plebs
(Happy free trade sunday!)
Darklord_
DAY TRADING SPX. Call StreamWelcome to live trading. I will be making calls throughout the day on the index. Like the post and follow me to tune in and get notifications of my calls.
Lets go boys,
Ya boy
Darklord
US Equities Consolidating, Expecting Continuation 4-25-18The Dow Jones has been technically accurate. It is printing a rectangle, which is either a continuation or reversal pattern. Aggressive traders may wish to short at the top of the rectangle for an expected continuation breakout below toward the strong support and price targets below. Otherwise, trade the breakout, whichever direction it is (up is always possible).
I let my nuts hang. See you in the bear merket.Bulls iffy, uh, Blicky got the stiffy, uh
Got the blicky, uh, drum, it holds fifty, uh
Scum Gang!
I'll see y'all later, suuwoo!
Russell2000Lookiing for support at 200MA, needs to hld 1550/1560 to continue the bullish upward momentum.
Ayo. Intraday charts only boiii. Ayo
was poppin
just a lil intraday lookings. Did u know patterns are fractals? Trippy bro.
We printed a nice head and shoulders and confirmed below the baseline. We going down from here.
but heed my warning plebian
for I am the prophet
everyday the bear creeps slowly in
for soon we will enter a downtrend...
but for now be on the lookout for a whole lot of downside tm, maybe mix in a bear flag or 2
Thats all for now
Itsyaboy
Darlord
Trump thinks his daughter is HOT, and I am SHORT on SPX Dar_klords Daily Update
Ticker: SPX
Rating: Sell Short
Driver 1: The white dotted lines on the chart represent the two current major levels of resistance. Both of which are supported by a double bottom.
Driver 2: The pink line shows us another double top, also a bearish signal.
Driver 3: The green line shows us a critical point in the True Strength Indicator. I would make the argument that a move breaking that green line on the downside could send the index
Driver 4: The solid white lines show us where a descending triangle is printed. A break resistance in solid white would most definitely lead to the formation of a cup to the last and largest driver
Driver 5: Large cup and handle on the downside. If a handle prints as a result of a break on the descending triangle we will most definitely see new lows.
Why is this a critical point in the market? Well first off the PE 10 (Market multiple price to earnings ratio) is trading at around 32. This shows us that the market is overvalued equities. In fact the last time we saw market multiples of this level was around 1995 during the dot com bubble. The Tax Cuts and Jobs Act has overheated the equity's market through over optimistic investor sentiment, share buybacks, and ultimately tax deduction reliant balance sheets.
That’s all for now,
I will update throughout the day for you plebeians
This baby's going down
-Dar_klord
P.S suck my balls
SPX
Decision DayDecision day, a drop today should confirm testing off lows next week.
Every push up gets sold off.
Volume picking up to the downside.
Tight SL on this trade, GL
