With the huge sell-off in AAPL today, the NAS100 will open weak. A break under 6425 could lead to a quick move to 6375.
A break under the support could lead to nasty correction. That break-down could finally affect US markets.
Prior support became resistance in Ethereum. The simplest technical analysis is followed by the most, so more likely to work. That means the free indicators work the best !
This measuring pattern is basically a bear flag, with the bottom part a horizontal line. The measuring objective is the amount of the previous move.
This gigantic indecision candle, followed by a sharp sell-off, marked the beginning of the end for HMNY, the major holder of MoviePass. I wouldn't be surprised if Bitcoin eventually ends like this.
I will being watching this rising wedge, with negative divergence, closely.
Many traders feel they HAVE to trade at all times. Waiting for 3 reasons leads to a higher probability of success.
The SPX , the IWM and the DAX usually end up moving together. The extreme outperformance of the SPX is a very dangerous situation.
When stocks break out, the algo's are using intraday charts to time entries.
One of my favorite strategies is shorting weak stocks, with earnings coming, that are only up because the SPX has pulled it up.
This is one of the better looking drug stocks. There is very little resistance over the trendline.
With too many traders leaning long in this stock, look for TSLA to break to 180.
I have warning for a year, that investors are perceiving that Bitcoin is another "safe haven" to park cash. I'm not saying Bitcoin is safe, but the negative correlation is hard to ignore. I originally posted this on www.simplerstocks.com.
SP500 showed nice trades, when the trendlines were broken.
The best sell signals occur when the actual price is BELOW the 49 EMA.
In a plunging market , look for momo leaders like UA to fill their gaps.
The German DAX has undercut it's July low. Expect the same from the SPX.
KSU forming a rounding bottom. The overall market is rotating to buying this year's loser's.