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Shootingstardoji

Have You Considered A Ride Down IWM 170? AMEX:IWM 50 MA crossed down the 200 MA on the daily and 4H timeframe. The daily chart shows a lot of sellers. IWM also made lower highs on the weekly timeframe. Also, the exchange traded fund is resting on a trendline that it's maintained since March 2020! If we break down below 170 and it holds, IWM should see more downside. The weekly chart shows an increase of sellers between last week and this week. Last but not least, the etf shows a shooting star candle that printed on the weekly chart (March 13-17, 2023). Therefore, my plan is to short IWM below 170! I will ride down IWM 170 (provided price gets there of course). *This is not financial advice Peace & Harmony, MrALtrades00
AMEX:IWMShort
by MrALtrades00
$SPX $SPY Monthly View $SPX Monthly View Ok, so this is absolutely NOT intended for intraday or near term trading… this is a long view and it could play out immediately, or it could be days or even weeks…. There are a few of the notable MONTHLY bearish shooting star doji candles…. One right before the covid crash…., Nov. 2021, This month… And previously - July 2000, May 2001, July 2007, May 2008… This candle seems to show up on the monthly chart at the most ominous times…. There are others, with smaller declines, but it often shows up for a bigger move…. One day at a time, though… this is just to see the bigger picture…
SP:SPXShort
by SPYder_QQQueen_Trading
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