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Marketcrash

SPY bulltrap again bef plunge;BO of 400/380 may see 350/320/280This is a SPY weekly chart after the Friday FED speech signaling continued hawkishness till inflation drops to 2%. Spy has a history of making bulltraps (higher highs on this weekly chart) before plunging as seen in my several boxes. It was rejected by the black downtrend line from the 476.44 ATH (see black falling wedge) & also rejected by the horizontal neckline of the H&S from top at around 330. BULLISH SCENARIO: If 362.17 June low is the bottom for this ABC correction, then SPY should make a higher low at either the psychological 400 or 380 (previous H&S destination & also the maximum Fib 0.786 retracement of the latest June rally). From here a new ATH is coming in 4Q2022 when inflation drops lower that 4% & the FED pivots. BEARISH CASE: SPY will not hold the 362.17 low if 400 & 380 fails. The final targets of this ABC correction may be the ff: *350 which is the 1.618 FIB EXT of this ABC, the 0.50 retracement from pandemic low to ATH *320 which is the 2.0 FIB EXT of ABC, the 0.618 retracement from pandemic to ATH & also near the 0.382 retracement from 2009 bottom to ATH *280 which is the 2.618 FIB EXT of ABC, the 0.786 retracement from pandemic low to ATH & also near the 0.5 retracement from 2009 Bottom to ATH These estimates should be considered as +/- zones & not exact levels. The pandemic low of 211.11 is not likely to be retested. Not trading advice
AMEX:SPYShort
by xtremerider8
Calm Before the storm on NASDAQ Hi Traders, Nasdaq (NDX) Has been consolidating for a few weeks just below 12200. Price has revisited this point multiple times and has failed to push further. Looking at price action we have a clear untested resistance at 12545 Which I believe has a very high probability of being hit. Understand that this is also an order block and I am more than happy to place a pending order at the entry price. The large consolidation range just below my point of entry leads me to believe that eventually, we will have a break out to the upside above 12200 which will surely induce a lot of buyers in the market. If this does happen I believe after hitting the resistance price of 12545 there will be a high probability of price rejecting and then Tanking to new lows. Liquidity will have been grabbed from buyers buying the break out as well as sellers who are currently short. Now keep in mind that this is only part of my experience in trading and I have seen this move play out multiple times before, It does not have to happen the way I plan it. But I am willing to wait and see if it happens, My pending order will only be set if we do get a break out of price above 12200. If you remember a post of mine a while back where I tie in the recession into what I think will happen according to the state of the global economy I would say that this could definitely be the move to Fuel the expected Market crash. Let's see how this plays out. Renaldo Philander.
OANDA:NAS100USDShort
by Tradebudz
Oracle: No end in sight for the pain!Oracle Intraday - We look to Sell a break of 68.29 (stop at 71.31) The primary trend remains bearish. A sequence of daily lower lows and highs has been posted. We can see no technical reason for a change of trend. We expect an initial move higher to fail and look to set shorts on a break back through 68.50. Our profit targets will be 60.09 and 58.00 Resistance: 71.50 / 74.00 / 82.00 Support: 60.00 / 56.00 / 44.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:ORCLShort
by VantageMarkets
NVDA predictionHey all, I'm noticing many market-moving names are repeating the redistribution patterns they made leading up to the fakeout rallies and subsequent moves lower in March of this year(Namely AAPL , MSFT , AMZN ). I think NVDA is setting up beautifully for a rally higher back near the $210 zone where I fully expect it to reject and breach new lows in a violent manner. Considering the cyclical and overvalued nature of NVDA and semiconductors(which are still relatively high up), it would be no surprise to me if it were to see its pre-pandemic values well before year-end. Disclaimer: I think we're at the end of a market cycle and are currently in a redistribution phase before the market heads to new lows(in the midst of a crash)
NASDAQ:NVDAShort
by MichaelEugen1
2
NDX 100 WARNING: ABC wave C may reach 10500 or even 9500Since last week I have been warning that there will be a short oversold rally after FED testimonies in Congress & Senate but the worst is not yet over despite retailers rushing to buy the dip & exchanges trying very hard to keep BTC above the impt 20k in order to prevent mass selling. NDX Nasdaq 100 has been making a downchannel since it turned down after completing wave B @15265. The most probable support is at 10500, which is a 36% crash from ATH. 10500 (double my yellow box) is also a confluence of the 0.618 retracement from pandemic low to ATH & the weekly wma200 level. If 10500 fails then the pre-pandemic top @9500 will be the maximum pain, which is a 42% drop from ATH of 16764. After ABC ends, the target levels for take profit will be 12k & 13k respectively indicated by blue arrows. Not trading advice
NASDAQ:NDXShort
by xtremerider8
3
US30 THE DOW 30 CRASH, ONE YEAR LATER UPDATE Last year May we saw a potential crash for the Dow Jones 30 due to inflation fears and now what we predicted is finally happening. In our analysis a year ago Dow 30 was trading at 34,644 after reaching highs of 35100 we saw a potential sell signal on the 1W chart which was the formation of a bearish harmonic. this halted our longs and swings on the Dow. So what is Fueling the Dows Crash at the moment? Same thing which was fueling it about a year ago, inflation fears in the US. US investors have lost their trust in the Fed's ability to control inflation even with the current 75 basis points interest hike we saw this week during the FOMC on Wednesday to try and curb inflation, investors believe that the Feds tools have failed. Recent data has shown that inflation is now at its highest in the last 40 years in the US and analysts have predicted a decline in US GDP in the next coming years meaning the US could be facing a recession or is already in one. WHAT TO EXPECT Currently @ 29,900 Next support for Dow 30 is 29,500 so we expect it to reach this support level before short term retracement back to +30,000 Looking at the Covid Crash we expect Dow 30 to fall at least 10,000 points from its highs which were at 36,400 meaning We expect Dow 30 to reach 26,000 before any reversals, Our initial target from a year ago was 23,500 and we still think this might be a possibility. Our positions Active sell positions @ 31,600 & 31,300 from our last analysis link is attached below New positions Sell Limit @ 31,000 TP @ 30,000 Sell Stop @ 29,000 TP @ 28,000 Sell Stop @ 28,000 TP @ 27,000 Buy Stop @ 30,100 TP @ 30,600 Buy limit @ 29,500 TP @ 30,000 Buy limit @ 26,800 TP @ 28,000 Buy limit @ 23,700 TP @ 33,000 Note these are low risk entries link to previous analysis attached below Note: this is just an analysis based on technical analysis & current events. All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
PEPPERSTONE:US30Short
by fxspott
How we made 7.26% in May with 63% win rate while markets fell Last month when markets took a beating, we were able to make 4% within 11 days of trading using trading view to help track our trades. The month of May was a really volatile month and it took some courage to get back to where we are today. As you can see from our equity curve, we were down about 7% midway through the month and staring down a gun barrel. teenfxtrader.wordpress.com Here are some very important lessons that we learnt from our trading from the month of May. 1) Do not get into markets that you don't understand before testing them out thoroughly. - We started getting into indexes and especially the JPN225. What we didn't realize is that this pair moves really fast and can either wipe you out and make you lots of money. We lost 4% on the first trade but made 12% on the next. Still not sure whether we should trade this but if a good opportunity comes up why not? Just keep your positions super small. 2) Risk control is so important even if you are losing - - It is so easy to lose your marbles when you are down 7% in the first 15 days. However we need to accept that losing trades will happen and the only way you can control it is by not risking too much. Your account will ebb and flow. Some weeks are just flat. Sometimes you can have a quarter where you are totally flat and I am sure that will happen for us soon as well. 3) Winning percentages means nothing - We have always been taught in school that you are a loser if you do not get 80% and above. In trading, losing 40% of your trades is still okay as long as you lose with dignity. This month we lost 37% of our trades but yet made 7.26% by holding on to our winners. Where do we see the market going in June 2022? The past 2 weeks has been bullish. This is not the end of the market crash unfortunately. It is call a bear rally or a bull trap and we are likely to see the markets being pushed down to the previous lows. We still believe the target for DJIA is 26,000 and the S&P will reach 3600 within the next 3-4 months. In the meantime, we plan to take small trades to help us grow our equity as we have done in the last 45 days. In the meantime, we are looking at a sell of JPN225 at the level marked out but it is an uptrend so we may go long until this price is reached for the sell. Good luck!
BLACKBULL:JPN225Short
by JD_TeenTrader
BULLISH IN 1.15 HOURS FOR BTC!I believe that the reversal will occur around 4 am EST ( MAY 16 ) , and we will see #bitcoin hit 32 800 over the next two days and hover there for a couple of days before dropping to 30 700. After that, we will see breakouts like JASMY, SAND, CRO, NEAR, APE, MANA etc. I am buying the altcoins listed above. Do your research. I believe we will see a new market cap ranking that will become more solidified with currencies tied to NFTS and other needs of the NFT and gaming communities for blockchain P2E. I believe now is a great time to BUY GMT, KNC, APE and NEAR! THEN HOLD AND WHEN YOU UP 20 - 30 % remember retracements are very lucrative used correctly. Trade responsibly and proactively! BE VIGILANT; THE MARKET NEVER SLEEPS! When you sleep, place a stop loss if you're leveraging REMEMBER YOU HAVE ONLY YOURSELF TO RELY ON!!! KNOW WHAT YOU ARE DOING!!!!!! DONT WATCH LUNA GO TO 0 then say you lost everything because of LIUNA, I am sorry for the losses but I lost as well and cut them at the point of 30%. Set up a system and remember the market IS VOLATILE AND NOW PICK UP currencies for half price! Happy Trading! - EhBeast
COINBASE:BTCUSDLong
by Cryptonightowl
BTC 34-35k Rally, Crash AfterIm speculating that Bitcoin will make a short rally into the 34-35k zone. Once it hits this zone I believe we will see the bears takeover, this wedge setup that is being created backs up my idea. Along with BTC rising to 34-35k, we will see a short increase in SPY, QQQ, AMZN, TSLA, and other major companies. After this short increase I honestly think the market will crash... stocks and crypto. I will be heavily shorting SPY, BTC, and US30 once the market rises towards the zones I have set. BTC: $34k, SPY: $415, QQQ: $315, AMZN: $2700, TSLA: $820. US30: $34k. With inflation increasing and home prices rising, I see a market crash coming... who doesn't lol.
COINBASE:BTCUSD
by BigCEO2022
When will S&P500 finish its first correction wave ?!?Hello traders! I think we are all looking at the indices charts that keeps falling with the effect of the crisis and economy management from the Fed and central banks. **According to Truflation, the inflation rate is at 11.4% in the USA** This economic crash is not yet to stop, we will be experiencing crazy time in the incoming month and years...! BUT ANYWAY , today we are analyzing the S&P500 with the Elliott Waves from the crash of the Covid-19, and what we can see is that: The 5 of the Impulse Extended Ending Diagonal Wave has been confirmed the 22 Nov '21 - An EED have 5 waves that are subdivided into correction waves 3-3-3-3-3. - In an expanding diagonal ending, wave 1 is small, wave 3 is medium and Wave 5 is long. Since then, we are in an ABC pattern that we are about to finish in the incoming week For me, it is the first Wave of the correction pattern that we are about to be witness in the incoming month and until next year. Because the worldwide economy is not looking good, in my opinion I would say that we are finishing Wave W of a WXYXZ. ZOOM IN for a better view of the objectives that have been found for the end of the downtrend (light blue C of the ABC) : 1/// 4000 is strong by being the 100% of the ABC pattern 2/// 3900 is strong by being the 113% of the ABC pattern 3/// 3850/3825 is the strongest by being the 123%/127,2% of the ABC pattern and near the 38.2% of the entire Impulse Wave Retracement ZOOM OUT for a better view of the overall structure of the S&P500 You can also check my analysis on the NAS100 where the structure is pretty much the same. . . Please feel free to ask question and recommendations in the comment section, I would be more than happy to answer your questions
OANDA:SPX500USD
by ModTrades
2
The Great Reset of 2022In the light of a recession with the GDP seeing negative growth in Q1 and a tighter monetary policy from Fed as well as rate hikes from Fed does the high profile growth stocks see a slow down. The main buyer of these high profile growth stocks is NASDAQ where many of these stocks see a bearish market (e.g. Meta Platforms, Zoom and Netflix) as investors go from high profile growth stocks to safer investments such as commodities and real estate in fear of a recession. Also consumer spending is lower than before as consumers does not buy multiple streaming services, delivery services or technology in general but instead safe money and keep e.g. dollar instead of stocks and cryptocurrencies. This negative consumer spending causes these high profile growth stocks to see a slow down in growth as their balance sheets are negative. NASDAQ may see correction towards the green part of the green cloud but after that a more drastic drop off as the price crossed underneath the green cloud. To support this claim does the EMA and the RSI are both showing this correction is likely to happen. In tune with inversion of the yield curve may the NASDAQ see negative movements like it did during the last times this happened in: 2001 and 2007 right before the Dot com bubble and the Great Recession respectively.
NASDAQ:NDXShort
by vf_investment
USDJPY - The great 1000 pip SHORT coming up USDJPY has been a raging bull and moved up quite quickly. However everything that goes up finds it way down. Here are the reasons the bull run is over. 1) There is a huge harmonic pattern in play now. 2) Monthly, Weekly, Daily RSI are overbought 3) Daily Divergence is in play. The trade will not happen immediately. We need to observe this for about 2-3 weeks to be sure that there is absolute weakness. Until then, I will continue to go long as the trend is up. Whenever the JPY strengthens, the Stock market sees huge declines. All the JPY pairs are showing weakness as hinting at a JPY strengthening. We have seen this in AUDJPY, NZDJPY, EURJPY and GBPJPY. CADJPY and CHFJPY are showing weakness now so all stock traders should be wary of "SELL IN MAY AND GO AWAY". Good luck!
Short
by JD_TeenTrader