chrisbrecher

chrisbrecher

The China a50 is under the weekly 50 SMA and near the 200 weekly SMA. The SPX500 isn't even at the 50 weekly SMA. Usually world markets, eventually, follow each other.

chrisbrecher

The China A50 has been underperforming for a year. if these trendlines are breached, you could see a quick 1000 point fall. This would spook other world markets.

chrisbrecher

The NQ and BTC have correlated well the last few weeks. If one of these charts fails, the other will probably follow.

chrisbrecher

2 trendlines meet at 15800. If the NQ pushes through that zone, then 15600-15500 is possible.

chrisbrecher

A lot talk about the "pitbull low". The theory is the S&P tends to make a low on the Thursday or Friday the week before the expiration. The rule is to look to buy weakness on that Thursday or Friday, looking for a low to hold into Monday or even into the expiration itself. Generally, the trade is to buy on Friday and hold into Monday. I have found it works 50/50.

chrisbrecher

When a MACD is much higher than the previous MACD, and the index price is the same,or lower, it sets up a "Negative Reversal". That means the MACD is so high it has nowhere left to go but down. Many times this leads to a price failure at prior resistance,

chrisbrecher

Barrick Gold has failed a bunch of times at 19.10. If it can close above that level, it could get to 20.25.

chrisbrecher

The Russell 2000 futures and the Japanese Nikkei futures have correlated really well for months. I think if one breaks, the other will follow.

chrisbrecher

With the MACD oversold on a daily chart, sharp short squeezes are likely. This one could take the /ES all the way to 4720. But long term, I am still really bearish, especially if the bond market can't rally.

chrisbrecher

/ZB finally with a nice oversold pop. But many traders got "hooked" on the way down. Those traders will look to take losses at layers of resistance.

chrisbrecher

2 of the support levels are price support. 'The other is the December 20th low, which has worked for other indexes.

chrisbrecher

The NQ100 futures are now at the lows of December 20th. The SPX500 futures aren't even close, as value stocks have drastically outperformed tech stocks. Historically, the SPX500 eventually gets to the same levels. That would put the index near 4550.

chrisbrecher

The Nikkei is close to decisively breaking the 4 and 1 hour trendlines. This could lead to at least a 500 point sell-off. Good support is the next line at 27500.

chrisbrecher

With speculative stocks, including GME, getting hammered, then Bitcoin could follow. Support is 30000.

chrisbrecher

SHOP is too far away from the 50 SMA. Usually, that leads to a sharp snap back rally from support.

chrisbrecher

Computer models of future cashflows help determine prices of tech stocks. Values are lowered when bond rates go up. If the bond chart on the left doesn't recover, then NVDA could go and fill the lower gaps.

chrisbrecher

Usually, the DAX and the ES move together. But lately, the DAX has started to lag. It also is trying to stay above the 200 SMA. A big break of the DAX would be a big warning sign for U.S. markets

chrisbrecher

The ES is still in a huge daily channel. But I think that if the fed ends the QE, this will break down, not up.