josephaccetturo-ii

josephaccetturo-ii Updated 

Looks like a great spot to initiate a short or move to cash.

josephaccetturo-ii Updated 

This macd cross over usually indicates bottoms and should lead to a nice rebound in the CAD over the next few months.

josephaccetturo-ii

Lower price on higher technical readings like RSI and MACD tend to signal the end of selling or a temporary bottom in price. This should lead to at least a nice retracement.

josephaccetturo-ii

SPY Short with MACD Monthly. This is a chart for people with a long term market outlook.

josephaccetturo-ii

Moving to cash or shorting the markets here would seem to be a better trade on a risk basis than holding long positions here.

josephaccetturo-ii

Waiting for tomorrow's action to short spy. A drop would be pretty large here.

josephaccetturo-ii

Pay attention to the trend line and support levels. Final target could be as low as 103.53 20% from July Top...

josephaccetturo-ii

Tight stop short minimum to 40.23 probably to 32.23.

josephaccetturo-ii

Short spy until we hit 20-50% down.

josephaccetturo-ii

Just getting started......

josephaccetturo-ii

Crash.....or just a move back to trend.....? Sure it's a big percentage move down but it was a huge percentage move up. Put in proper context it's within the norm.

josephaccetturo-ii

Transports look like they are about to collapse.

josephaccetturo-ii

I smoothed out the days to get rid of most false readings. This looks bad. Or good depending how you trade it. Keep in mind it's a monthly chart so this is a view of 12-24 months. Or it's end of wave 3 in any case we should end up with a strong correction in a few months. Even fib time and price match up right here pretty well.

josephaccetturo-ii

Do or die time...Short bias here.

josephaccetturo-ii

Trend is broken, housing has probably peaked, rates are probably about to be raised.

josephaccetturo-ii

dont care what anyone says, this is a wedge that breaks down soon....

josephaccetturo-ii

Get out while you can...If you were fortunate enough to catch most of this move take some profits...

josephaccetturo-ii

Real short term like 2 weeks may rise but by November will be significantly lower.