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Overbought

SPX is INSANE!! . . annnd Slightly Overbought?I mainly trade crypto but after having seen some parity with Bitcoin and SPX, I figured I'd drop this and see what comes back up. Would love to hear feedback on it but my general sentiments are that this thing looks toppy as H E Double Hockeystick!! I recently saw that margin debt is at an all time high, stocks as a % of household financial assets is also at an all time high and the Buffet indicator of composite value to GDP was about 90% higher than the long term trend of "fair valuation" which would be closer to 120% vs. the current 230% as of a recent reading. DYOR of course and don't take this as investment or financial advice but man, I'd be taking some off the table and putting it into something a bit more tangible. Good luck! “All models are wrong, but some are useful.” ~ George E.P. Box
SP:SPX
by FudBox
SELL FOR EURUSD 88 PIPSThis market has been in a downtrend and will continue to follow structure. It bounced off of my trendline and rejected major resistance. This is very bearish on top of it being overbought. There were bearish engulfing candles that showed signs of strength for the bears. There were large wicks forming on the smaller time frame as well. It is also showing it hit an important point on the FIBONACCI which shows a perfect touch of the .618. All of these signs show a downtrend and we will enter based on these confluences.
Short
by TheGiovannie
Sell for USDCHFWhy is this a sell? Market has been trending up for days and the market loves structure. This broke through resistance without a pullback. Due this move upwards it needs to find grounding to validate its move up. This means it will retest our support line to see if this move was valid or not. Think of the forex market like a rubber band. You can stretch it but it always comes back to its original structure. The stochastic is overbought and the macd is showing signs of weakness. This will be a good 67 pip sell.
Short
by TheGiovannie
Bearish Divergence(NKE) Although NKE has been steadily increasing, we are seeing signs that a turn towards the downwards may be soon. The greatest indication of bearishness is the divergence that we are seeing between the prices movement and the momentum. What signifies a great entry for PUTS is the sell signal given by the Willy Oscillator. Due to a massive bearish sign, I see a target to 150 as a great place to consider cashing out your puts due to it being the 0.5 Fibonacci Support. If we keep getting bearish signs a target to 135 will be made since that was where the gap up started. Bearish Signals -Squeeze Indicator(4h) -Bearish Divergence -Willy Oscillator Fibonacci Price Targets -1st 164 -2nd 156 -3rd 150 -4th 144 -5th 135
NYSE:NKEShort
by ddcakez
Overbought weekly RSI with (daily) divergence in OBV and RSI14As the two mentioned indicators confirm each other AND the weekly RSI is also overbought I risk a little short position. Nevertheless, market could move higher anytime so I would only risk 1% with this first trade. If there is a new a high and I get stoped out I would risk another position if there are signs of weaknesses. If the short plays out well I would try to make the trade even bigger! ;) Caution: Trade against mid- and long-term trend! Stop-loss is beeing moved closer if there is a chance. :)
NASDAQ:MSFTShort
by suissedivergence
1
Put Opportunity (ABT)ABT has been continuously failing to push above a Fibonacci resistance while also showing more signs of bearishness. The greatest of them is the divergence that can be seen from the Squeeze Momentum indicator. If a stock is increasing than the stocks momentum should also increase but for this case, that is not true. Another indication of bearishness is the Willy Oscillator giving a signal to sell, due to the stock being overbought. Bearish Signals -Bearish Divergence -Willy Oscillator -Fib Resistance
NYSE:ABTShort
by ddcakez
STRONG SHORT 🔴 Lenin Would Be Proud Of This Short STRONG SHORT 🔴 Lenin Would Be Proud Of This Short We were one of the first traders who called short (26 July) when BTC spiked above $40k, and everyone else was calling ATH, moon, and bull run. You asked me if the idea ("All-in BTC Short 🔻 TP: $31 700, x10") was still valid: Yes, it's still correct. So, this is a clean remake of the same idea to reinforce our position. 🔴 KEY POINTS: - RSI is strongly overbought - Momentum hit RSI Resistance - Price Action hit Historic Resistance - Machine Learning (Artificial Intelligence, Linear Regression ) says upcoming Resistance - Bitmex Funding Rates favor short positions - Bitmex Troll Box is overbought (90% long) - Bitfinex whales started to short - Okex Top Traders have more shorts than longs - Chart Pattern: This Technical Indicator Variation worked 100% in the past We've got BTC short. All-in.
BITSTAMP:BTCUSDShort
by Elysian_Mind
5
Gbpusd Possible sell for 100+ pips GBPUSD analysis: after our recent 112 pip win we are now seeing a test of the resistance line. The bulls that rode this with me had a similar TP and now that it hit most of us have sold causing exhaustion in this pair. On top of it being overbought on the 4 hour and on a continuation of a downtrend, we are looking for a sell. I have placed a maroon trend line to confirm the push down. If price breaks this maroon trend line we will see a bear market. This could be at least another 100 pips downwards for now we wait. We don’t chase the market so be patient with this move.
Short
by TheGiovannie
4