The_Unwind

The_Unwind

If you are looking for reasons why big money investors are selling the US stock market in September, a closer look at the Semiconductor ETF SOXL, shows that stocks in the Philadelphia Semiconductor Index have already crashed ! From a high of $70 in April 2024, this ETF was priced and trading at 25.96 on Friday. Big trouble now lies ahead if this ETF takes out...

The_Unwind

With emphasis on the possibility, a look at the charts this weekend reveals a potential micro crash thin air drop in the US stock market developing. The accompanying chart included here shows all that "thin air" below the next support of SPX 5400-5370. Also warning you here is the VIX, Volatility Fear Index, is poised to rise dramatically, if panic gets...

The_Unwind

September has often been a cruel month for the US stock market. Traders returning from the 3 day Labor Day holiday weekend, were "ambushed" by September selling as soon as the opening bell rang today. Nvidia led the market lower, losing 10 %, 279 billion dollars of market value "poofed"..lost in a single day, and the VIX soared back above 20 again. The ambush...

The_Unwind

Funny thing happened to fear today. Bears lost control to the bulls who just walked right in, when the gate was open. Note the charts included in this post. Nothing has really changed. It still looks very bearish With the over the top importance of the CPI for July in the morning, for a "guaranteed " cut in US interest rates next month, we'll see if the crowd...

The_Unwind

Panic on Monday. yet by Friday, all seemed well again in the US stock market That was the psychology, followed by price, and everyone slept better on the weekend. Yet a closer look,.. shows that the Fear Gauge known as the VIX had spiked to Pandemic Covid Level of 65 on Monday 8/5 and then spent the rest of the week retracing back to the breakout point of...

The_Unwind

No one really saw this coming A world economic slowdown at our doorstep...? Right now...? Talk about an early Halloween trick or treat. Just 48 hours ago, the Federal Reserve Bank Chairman of the United States exuded confidence that the central bank was threading the needle on both dual mandates on their charge, inflation and job growth. Well so much for...

The_Unwind

Look at the Daily S+P 500 Chart,included in this post. Then look at the KST Indicator's Bearish Crossover Same Time Period, Chart Included. These are dangerous looking snapshots of a stock market suddenly in trouble. Tech stocks, market leaders are seriously breaking down, in a rollover manner. Downside risk is accelerating. I'm not sure, most saw this coming...

The_Unwind

A gutsy trader sometimes violates the cardinal rule. Never average down. After today's melt up mania, in front of the June CPI Release on July 11, I did just that. Technical Indicator "Fast Stochastic" on the 52 Week Daily Chart for SPXS, the 3 X Short S+P 500 ETF, 7.18 Close today, shows a Fast Stochastic close at 0.66 today. That's about a close to an airtight...

The_Unwind

Enclosed is the 12 Month S+P 500 Chart, with KST Indicator nearing what could be a significant Bearish Sell Crossover,.. at Resistance, while price continues to escalate to the upside, tonight at an all time closing high of 5572.85 Long positions should be closed. Prior long recommendation closed. Profits realized. The market right now is staring at the edge of...

The_Unwind

The stock market in the US is already seriously discounting an expectation that Donald Trump will be elected President of The United States. Markets looking out 6-9 months, have already seen a move into "stimulus" Industrial stocks, the mojo of new big money government/private money commitment are starting to see accumulation. The accompanying rise in...

The_Unwind

S+P 500 Daily Violated Ascending Wedge Pattern this week, lead lower by the invincible semiconductor stocks. Record levels of bullish sentiment, and internal market breakdowns, are warning you there is big trouble brewing in the US stock market. Use any rallies to build a short position against the US stock market. There will be more on this in the coming days...

The_Unwind

Those who have been paying attention this week have recognized that the S+P 500 has violated it's Ascending Triangle Technical Pattern, on the Daily Chart with the market leading semiconductor stocks leading the selloff. I had warned you about this in my last post, if Nasdaq 100 Futures were to break 20000. When the market's strongest stocks start to finally...

The_Unwind

Nasdaq 100 Futures have moved above 20,000. The idea here is simple. It's also big number arithmetic Short Sept Nasdaq Futures on a break of 20,000 Support ! Note : 4 Hour KST Indicator has already crossed, and is rolling over. SQQQ, and SOXS SHORT Nasdaq 100/Semiconductor Index ETF"S are also close to confirming,and generating Buy Signals. THE_UNWIND WOODS OF...

The_Unwind

Nvidia's breakaway gap to the upside on June 3.2024 suggests that the stock could now be targeting a move to it's upside target of1192. Daily Chart Analysis, shows NVDA forming a Bullish Cup and Handle Pattern, at these levels. Keep in mind, that the stock will split 10 x1 this Friday June 7,after the close of trading, so traders now seem to be gunning the...

The_Unwind Updated 

Traders Alert ! If the Front Month S+P 500 Futures Contract June 2024 (ESM24), closes below 5216.75, then a potential waterfall decline could occur. Traders are advised to closely monitor the market this afternoon near the close, as Month- End Position Squaring, especially those on the wrong side of this market, as well as the two day weekend,could heighten...

The_Unwind

Throughout history, major crashes in the US stock market have been proceeded by a Sell Signal in a technical indicator known as the "Hindenburg Omen" Last week, the "Hindenburg Omen" triggered a potential crash signal on the market based on the 4 criteria of volume,volatility, momentum, and trend indicators that it follows. The McClellan Oscillator's NYSE...

The_Unwind

In determining when an uptrend or downtrend might exhaust/end it is quite useful "to count" the cumulative total of up/down bars in a uptrend/ downtrend. In this example, using a 15 minute intra-day chart on SOXS, for 5/28/24, one can count "16" down bars on day. However after 145 pm Eastern, in just 4 bars, and in only 25 % of the time, SOXS has regained...

The_Unwind

If you believe like I do that the Nvidia stock market bubble is road kill, just waiting for the "fatal overvaluation accident" to trigger, then buy SOXS, the Direxion's 3 X Short ETF on the Philadelphia Semiconductor Index NASDAQ:SOX Closing at 3.10 on March 12,2024 prior to any potential reverse split on the horizon, my proprietary chart analysis projects SOXS...