Get started

Overbought

SPX looking rather badThe S&P 500 Index looks extremely overextended and a downward movement is likely going forward. Currently, the SPX is in a very similar configuration to the pre-pandemic (late 2019 going into early 2020). Back then the price continued to move higher forming multiple tops while the RSI Exhaustion continued to decrease and stayed mostly bullish exhausted (colored green). As easily predictable, a significant correction took place later on and continued until late March. At that point, the chart had completely reversed showing a rather oversold situation and forming a bottom which gave us the opportunity to reenter for a new bull run. As of today, the SPX is back to a very similar configuration to one year ago: going forward a downward movement is likely. One final note on the supports. There are two major supports that will sustain the price should it start to fall. However, even the highest support is pretty far away from the current price level so there's plenty of room for triggering a downward movement.
SP:SPX
by a.b
11
ADA-Short-Cardano (short-term bear)Hello traders and investors!!😄👋 Let's see if Cardano falls after reaching a new ATH very recently. If we see the fall, I have points set up that I am expecting ADA to reach in the range of. This is a short technical-analysis👇👇. Fundamentally, Cardano (ADA) is a very strong blockchain network. In the event that we go up for another ATH, I have bull target listed above on chart💹. This not a lengthy idea/post thank you. 🛑🛑🛑This is not financial advice🛑🛑🛑 Always have a stop loss ✋🛑💲 set please!!!!! Thank you so much! Jazerbay ☯
Short
by jazerbay
25
SPX500 - ED with little throw-over The market has been bunny jumpy and funny over time. If this will confirm and the grand super cycle will end we will see some major correction to the 1800-2200 area. Who will trigger it? Btw retailers have too much fade on the FED, pity. At the time market is very overbought and in the weekly RSI you could see huge divergence on the weekly chart and low volumes but the market keeps going. After all, at least we should correct it very soon and we will see some movement down. If not, then later consequences will be much harder. Feel free to comment Good luck guys and stay positive!
FX:SPX500Short
by GreenBunny
Brief Bear Before Next ATHClear Bear Signal on 14 Apr, engulfing candle in NQ ate up every penny earned on 13th, a twin tower. Volume declining, RSI Overbought. Bull trend is intact, IMO gonna retest the breakout point and consolidate bullish power before moving to ATH in late April > early May. A real correction to emerge later in May > June; then a summer rally. ERs will drive it now, SandP PE = 42, need big ERs to support price. Not investing advice, trade at your own risk, GLTA!
CME_MINI:ES1!Short
by DaddySawbucks
7
Is Tapestry Set To Cool Off?Six of my algorithms signaled a SELL on April 13, 2021 for TPR on the 2 Hour charts. Equities nearly always obey the signal and move down, but sometimes it may continue to move up first. Since the signal occurred at the open, the continued upward movement appears to have already hit the mark. This could mean it does not move higher until it find my projected target box (green inside green) at the bottom of the chart. Ultimately the brief drop is temporary and could setup another great dip buying opportunity. I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a percentage standpoint, that this stock has moved on the 2 Hour chart after a SELL signal occurred. Therefore, this box represents 100% of previous movement upward before the stock finally moved downward. The smaller red box represents 50% of all historical movement upward, before the stock moved downward. The smaller box is more of a precise target for the potential top in this instance. The green boxes represent the same thing. In this instance, the smaller green box would be my projected target for the final bottom. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play). All statistics and the full analysis are available for free as always at the site below.
NYSE:TPRShort
by StockSignaler
Is Northrop Grumman Set To Cool DownI was disappointed with my last call on NOC and hesitant to make this one. However, the RSI signaled a drop first and the other algorithms followed suit today. NOC is also at the top of the trading channel it has been in. All of these factors make me much more confident NOC is set to decline somewhat over the next month. The overall market has been hot. I am getting signals from multiple big name companies that are overbought and due for at least a brief cool down. In the case of NOC, 4 of my algorithms signaled a SELL on April 8, 2021. Equities nearly always obey the signal and move down, but sometimes it may continue to move up first. I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a percentage standpoint, that this stock has moved on the 2 Hour chart after a SELL signal occurred. Therefore, this box represents 100% of previous movement upward before the stock finally moved downward. The smaller red box represents 50% of all historical movement upward, before the stock moved downward. The smaller box is more of a precise target for the potential top in this instance. The green boxes represent the same thing. In this instance, the smaller green box would be my projected target for the final bottom. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play). All statistics and the full analysis are available for free as always at the site below.
NYSE:NOCShort
by StockSignaler
Multiple Overbought Signals Pointing To A DipIn the case of CPRT, 5 of my algorithms signaled a SELL on April 6, 2021. Equities nearly always obey the signal and move down, but sometimes it may continue to move up first. I really like this one because the RSI signaled SELL a few days prior and it is an early warning signal of near-term movement I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a percentage standpoint, that this stock has moved on the 3 Hour chart after a SELL signal occurred. Therefore, this box represents 100% of previous movement upward before the stock finally moved downward. The smaller red box represents 50% of all historical movement upward, before the stock moved downward. The smaller box is more of a precise target for the potential top in this instance. The green boxes represent the same thing. In this instance, the smaller green box would be my projected target for the final bottom. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play). All statistics and the full analysis are available for free as always at the site below.
NASDAQ:CPRTShort
by StockSignaler
Is Take Two Overbought Too?In the case of TTWO, 6 of my algorithms signaled a SELL on April 6, 2021. Equities nearly always obey the signal and move down, but sometimes it may continue to move up first. I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a percentage standpoint, that this stock has moved on the 2 Hour chart after a SELL signal occurred. Therefore, this box represents 100% of previous movement upward before the stock finally moved downward. The smaller red box represents 50% of all historical movement upward, before the stock moved downward. The smaller box is more of a precise target for the potential top in this instance. The green boxes represent the same thing. In this instance, the smaller green box would be my projected target for the final bottom. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play). All statistics and the full analysis are available for free as always at the site below.
NASDAQ:TTWOShort
by StockSignaler
Aspen Technology Looks OverboughtIn the case of AZPN, 6 of my algorithms signaled a SELL on April 6, 2021. Equities nearly always obey the signal and move down, but sometimes it may continue to move up first. All algorithms in the current instance are signaling overbought. I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a percentage standpoint, that this stock has moved on the 2 Hour chart after a SELL signal occurred. Therefore, this box represents 100% of previous movement upward before the stock finally moved downward. The smaller red box represents 50% of all historical movement upward, before the stock moved downward. The smaller box is more of a precise target for the potential top in this instance. The green boxes represent the same thing. In this instance, the smaller green box would be my projected target for the final bottom. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play). All statistics and the full analysis are available for free as always at the site below.
AShort
by StockSignaler
S&P500 above upper Bollinger bandThe S&P500 has recently burst through the upper Bollinger Band but looking over the past 20+ years, it has never stayed above it for long. Yes, it has risen along with the BB and even pushed through strongly at times, but never for very long. Is it possible that we see a high-level consolidation over the next few years that keep equities relatively high? Unfortunately, anything is possible in this off-kilter world, as long as the powers-that-be can maintain their ability to influence/manipulate/distort market pricing mechanisms. If the philosophical foundations of our society are off-kilter/unbalanced and the ideas & values we collectively hold... if those ideas and values degenerate and make us increasingly selfish and detached from from others, then collectively we become a splintering society and that is what we have today. It is one thing to believe one is right and to advocate for your ideas & values. But to seek a "better, more just world" while at the same time denigrating and bullying and attempting to silence those who disagree - that is the way to civil war. Some people advocate for that route. But so long as people advocate that people who think/believe differently from you are enemies and need to be destroyed, there will never be a chance for the UNITY they aspire to. You can't have unity by subjugating people who think differently from you. You need to first see them as equals (b/c God resides within them, too) and then convince them of your point of view... respectfully, lovingly, and with tolerance. My rant is over now. I see significantly more downside than upside in the broad market. And there WILL be turbulence in the coming years. No way to avoid that, considering the unsustainable debt & deficits worldwide. Time will tell.
FX:SPX500
by BenjiMiller
2
ETHUSDT - short-term pullback then $2,500 ?Hello, We all remain bullish for ETH in the longterm, that is the truth given the really solid fundamentals. But we have to think of protecting our assets and eventually capitalize on the profits instead of giving them to the markets. So, the ETHUSDT pair successfully broke above the diagonal resistance and the horizontal one near $1,890, which of course was great. Now the next target for bulls will be to surpass another stable resistance at the previous weekly candle close near $1,937. We already saw a few rejections there on the lower timeframes. Additionally, there is still a high chance that we see a double top formed on the 4-hour chart with the last peak from March 13 as its first high point. Stoch RSI is already overbought on both 4-hour and daily. So, what follows? The uptrend remains intact on the daily/weekly TFs Regards
BITSTAMP:ETHUSD
by FutureBlockchain
2
BTC potential distribution on the 4h chartI know this will hit a lot of moonapes on the nerve, yet this is a potential set up that I think might play out, especially when looking at how more and more bullish news get more inflows to exchanges and supply is edging over demand over the last few weeks. But. The RSI is making lower highs, the chart is more and more looking like distribution, and we're way overbought on the monthly as well, coming up 3 waves of up and down across 90 rsi already. What I think is crucial to keep an eye out is - if we see a break to the upside and hit 60k , what the reaction is going to be, how much supply will come in the market again, and , on the more dangerous side, how much supply will come into the market if we hit the middle of the trading range around this time next week. I am aware of the fact that we've been super bullish ever since the pandemic hit, and most of the months were green, yet if we are to continue moving upwards and according to the S2F model, we might first see a bigger reaction , shake out a lot of weak hands, and then come roaring back up. Would be interested to hear opinions on what you guys think, let me know.
by aThracian
Wednesday Trade Many have been asking about me why I have stopped posting. I have been active in the home buying process and will be moving in to my new home in a month. I am 23 and this is my first home purchase so I am doing a lot of budgeting and excel work to plan for financial success. I apologize for the inactivity but here is a set up I put myself In by accident. I tried day trading ABBV on Tuesday, but the price kept going up and I saw this trend on the one hour chart and decided to hold my position as it does not expire until Friday. MACD is showing a decline in bullish divergence, while D+ is showing increase in bearish divergence. RSI is high indicating the stock is over bought and 3x confirm is firing off sell signals like crazy My strike price is $105 a share and I see it nearing that today.
NYSE:ABBVShort
by Myantman101
RUNEUSD Short Reasons to sell Overextension of the RSI on the 4hr Bearish DIV on 1hr and 2hr Last time we saw a move like this was 04 Nov 2020 with a 20% correction happening Strong resistance at $6 Head and shoulders still intact (but subject to change as we are in a bull run and this is a bearish pattern) low success rate in bull runs Could see price revisit $4.80 Reasons to buy Very strong bullish daily candle with a breakout of the descending channel Doji at support level on 25th March Good news came out in regards to ASGARDEX/Multichain going live soon
FTX:RUNEPERPShort
by Kai-FX
Energy's volume confirming trendTechnical Short-term Analysis We have a new potential uptrend line drawn in the chart. RSI is showing some divergence as it has reached the level from the beginning of February. However; I would take this divergence with a grain of salt, as it did reach Overbought levels and did not break the 40 level on the RSI (typical bullish behavior). OBV has a clear uptrend, supporting the uptrend in price. Trade Setup Would sell a partial position if we break the ~new potential uptrend~. Would sell the rest if we break the 50sma. Hope this helps!
AMEX:XLELong
by dorfmanmaster
4
Finally in the zone of interestFrom overbought ATH around 61780 price fell down to oversold and showing us bullish divergence on 4H RSI. When we consider strong support FIBO zone around 52.4K we get great probability for trade with minimal risk. Longs positions are starting stabilize too. (green line above charts). After all of that I will still opening only a small position of my account to leave room for further maneuvering :D Because the price CAN have many obstacles upwards (56500,59300,60000 and ATH.) 15% of account i long at market price. Comment below where you will buy or maybe where you will short: D And if you agree like. I will update this idea in close future so if you want, follow me.
BITSTAMP:BTCUSDLong
by Exly11
1