KRE has provided some of the most technically-sound short opportunities in recent memory, but it is approaching major support at which point the probabilities flip to the long-side (with disciplined risk management). Expect some choppy price action, but remain patient for one last leg down and a very promising long opportunity
The market has been giving warning signs since the summer, every rally was built on decreasing volume, while each sell off occurred on increasing volume. This is one of the most time tested macro warning signs that we have. The institutions are distributing, not accumulating. Insiders are selling at record pace. Now is the time to hedge, trade with extreme...
This is a crucial battle in the price action between bulls & bears on the $SPY, a close below 426-427 could confirm and Head & Shoulders top, with an increasing risk of falling to 380 in a stage 4 trend.
If 427-428 acts as support and we find sideways price action over the next couple of trading days, it could confirm a short term bottom and we see some recovery...
Typically a bullish action that coincides with a strong relative position to short term & near term moving averages. If breakout holds today, should test $30 in the very near future
This stock has steadily built a base off of the parabolic move in March, looks like it keeps testing downward resistance, is it finally breaking out? With some decent volume, it should test $9.78 soon
