We have some bearish divergence on the S&500 1D chart, so it's possible we could see a small to medium sized pull back on Monday.
The purple route is the more bearish route while the blue route is less bearish, just filling the gap from Sep 19-20.
I'm not really "bearish" on the stock market quite yet. I realize we are extremely overbought and I would advise against investing large amounts at these levels. However, I mostly trade trends and until the current trend changes, I'm neutral for now, haha I know, what a cop out, lol. Though I guess I would say I'm more bearish than bullish, I could still see the entire market increasing 25% in value before any sort of crash or pull back, it certainly is possible.
I've linked to the custom divergence indicators I use below, they're completely free to use :D
I use these two for divergence the most actually, I really love these, I made them myself :)
Oh aWe have some bearish divergence on the S&500 1D chart, so it's possible we could see a small to medium sized pull back on Monday.
The purple route is the more bearish route while the blue route is less bearish, just filling the gap from Sep 19-20.
I'm not really "bearish" on the stock market quite yet. I realize we are extremely overbought and I would advise against investing large amounts at these levels. However, I mostly trade trends and until the current trend changes, I'm neutral for now, haha I know, what a cop out, lol. Though I guess I would say I'm more bearish than bullish, I could still see the entire market increasing 25% in value before any sort of crash or pull back, it certainly is possible.
I've linked to the custom divergence indicators I use below, they're free :D
I use these two for divergence the most
Oh aWe have some bearish divergence on the S&500 1D chart, so it's possible we could see a small to medium sized pull back on Monday.
The purple route is the more bearish route while the blue route is less bearish, just filling the gap from Sep 19-20.
I'm not really "bearish" on the stock market quite yet. I realize we are extremely overbought and I would advise against investing large amounts at these levels. However, I mostly trade trends and until the current trend changes, I'm neutral for now, haha I know, what a cop out, lol. Though I guess I would say I'm more bearish than bullish, I could still see the entire market increasing 25% in value before any sort of crash or pull back, it certainly is possible.
I've linked to the custom divergence indicators I use below, they're free :D
I use these two for divergence the most
Oh and PM me if you'd like to join my discord server/chat room, we have tons of pro traders where we all share our trades, ideas and Technical Analysis. It's free to join too! I just can't post the link here :)
The purple route is the more bearish route while the blue route is less bearish, just filling the gap from Sep 19-20.
I'm not really "bearish" on the stock market quite yet. I realize we are extremely overbought and I would advise against investing large amounts at these levels. However, I mostly trade trends and until the current trend changes, I'm neutral for now, haha I know, what a cop out, lol. Though I guess I would say I'm more bearish than bullish, I could still see the entire market increasing 25% in value before any sort of crash or pull back, it certainly is possible.
I've linked to the custom divergence indicators I use below, they're completely free to use :D
I use these two for divergence the most actually, I really love these, I made them myself :)
Oh aWe have some bearish divergence on the S&500 1D chart, so it's possible we could see a small to medium sized pull back on Monday.
The purple route is the more bearish route while the blue route is less bearish, just filling the gap from Sep 19-20.
I'm not really "bearish" on the stock market quite yet. I realize we are extremely overbought and I would advise against investing large amounts at these levels. However, I mostly trade trends and until the current trend changes, I'm neutral for now, haha I know, what a cop out, lol. Though I guess I would say I'm more bearish than bullish, I could still see the entire market increasing 25% in value before any sort of crash or pull back, it certainly is possible.
I've linked to the custom divergence indicators I use below, they're free :D
I use these two for divergence the most
Oh aWe have some bearish divergence on the S&500 1D chart, so it's possible we could see a small to medium sized pull back on Monday.
The purple route is the more bearish route while the blue route is less bearish, just filling the gap from Sep 19-20.
I'm not really "bearish" on the stock market quite yet. I realize we are extremely overbought and I would advise against investing large amounts at these levels. However, I mostly trade trends and until the current trend changes, I'm neutral for now, haha I know, what a cop out, lol. Though I guess I would say I'm more bearish than bullish, I could still see the entire market increasing 25% in value before any sort of crash or pull back, it certainly is possible.
I've linked to the custom divergence indicators I use below, they're free :D
I use these two for divergence the most
Oh and PM me if you'd like to join my discord server/chat room, we have tons of pro traders where we all share our trades, ideas and Technical Analysis. It's free to join too! I just can't post the link here :)
Note
zoomed in
I added some boxes for possible bounce zones
Note
so we going for blue?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.