The_Unwind

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...

The_Unwind

Rarely do you see a "Blow Off Top" in play like what you are seeing in Nvidia (NVDA), with a current valuation of 2 Trillion US Dollars. Think about that for a moment The mania of AI, or Artificial Intelligence has taken now over the world as the biggest technology creation of the twenty first century. Bubbles in the stock market occur, when mass belief,...

The_Unwind

With the extreme demand and hoopla for the introduction of a bitcoin ETF becoming a reality with SEC approval on Jan.11,2024 Pro Shares ETF BITO price action shows" why" they only bring these things out at the top. Fascinating. The chart shows a rare " Triple Island Reversal"with 1 Price breaking out bullishly at the opening, 2.Only then to break back into the...

The_Unwind

One quick look at the 30 Min S+P 500 Chart shows a clear broadening top pattern developing since the Dec 13,2023 Fed meeting, with an obvious loss in momentum as time has passed into the new year. If this pattern gets busted to the downside, on a move below SPX 4700 falling straight down thru thin air like an airplane falling out of the sky, the risk to the...

The_Unwind

I had forewarned on Trading View last week of a potential end of the year, beginning of the new year market reversal in the US stock market Today's trading Jan.2,2024 the,first trading day of the new year opened with a sharp gap down break of the rising wedge patten, and the important rising uptrend line in the S+P 500 that had been in place since late Oct....

The_Unwind

The 30 Minute S+P 500 Chart this afternoon, shows a "Bearish Momentum Crossover" on the KST Indicator. The technical price pattern is a "Rising Wedge", higher highs, lower lows,with the Apex point in this pattern occurring by the end of this week, which coincides with the end of 2023/Beginning of 2024. The potential for a "downside break"in this wedge pattern...

The_Unwind

S+P 500 Weekly Chart is an accident waiting to happen ! As price continues to rally back towards all time highs, market momentum continues to deteriorate below the surface. The KST Indicator has just bearishly crossed over again confirming a "top below a top" breakdown in this intermediate term indicator. (Shown Here) Rarely does one get this type of clear...

The_Unwind

30 Minute S+P 500 Chart Interpretation Very Obvious Bearish Head And Shoulders Pattern Brewing. >Head at SPX 4585 < Right Shoulder,built this morning around "anticipated" PCE Inflation Number and Left Shoulder are located at 4565 Level. Neckline Support for the Pattern is at SPX 4540, where the market is trading right now. VIX has broken out above 13...

The_Unwind

S+P 500 Futures ES "rip your face off" Counter trend rally of 100 points points in the last week has reached its potential destination point at this mornings high of 4541.25, after a much weaker than expected US Producer Price Index for October. The sharp snapback rally to 4540 Weekly Uptrend Line previously violated is the chart "set up" here. Note the very...

The_Unwind

The S+P 500 has broken down thru very important chart support at 4179, this morning rendering a new and more urgent sell signal on the US stock market ! Are you paying attention ? Those who attempted to "buy the dip " at 4179 have been burned. Those who abandoned their bearish bets early, are now simply out to pasture with the rest. It takes TIME, which is the...

The_Unwind

On this, the 36th anniversary of the 1987 Stock Market Crash, an earily similar pattern has developed in the US stock market right now. Just like in 1987, a bullish summer technical breakout above prior price resistance, has been followed by a bearish retracement price reversal back towards the breakout point. This pattern, in it's most bearish interpretation...