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Downtrend

SPY DowntrendThe Hazel Heritage Screener alerted me that this week was going to be a bearish one. Last week we saw AMEX:SPY reach the untested pivot high of $411.73, which you can see from the solid red lines almost every time we reach a pivot high that has not been tested yet, there is resistance. In addition to that, SPY bounced perfectly off of the top of the downtrend that was started at the beginning of the year (dashed line). The last time we saw a combination of those two factors was the week of August 15th and it ended up having a significant drop afterwards. The Hazel Heritage screener shows me all the symbols in my watchlist which had that same combination happen last week and there you will see SPY, along with GOOGL, SHOP , & NASDAQ:META So with all that being said, I was bearish on SPY this week, anticipating a continuation of the downtrend for the year
AMEX:SPYShort
by jeanius_tech
1
USDJPY - bearish impulseHello everybody! We are currently in a downtrend on USDJPY on a daily and weekly timeframe, and we could expect another aggressive impulse, creating a lower low. The price has just retested the daily support that became resistance, and also the EMA. MACD lines are below 0 and the moving averages are also showing confluence to this bearish scenario. Moreover, the CS Indicator is indicating USD getting weaker, while JPY strengthening. OANDA:USDJPY FX:USDJPY
Short
by m_maia14
6
Short XAU/USDafter the FED last meeting on 14.DEC . the FED will raise rates to 4.5% then the next meeting will contuine to raise again ,so the raise rates will continue in 2023 so we can see the more declining in gold , therefore the gold will decline the strongest resistance here is between 1800-1820 rhen we are going down to 1700-1730 (support) then going to down at the level at 1620 strongest support, three bottoms here that mean if we reach at this level this will be the fourth bottom , the most likely will happen to break $1620 as the recession fears will continue in 2023
OANDA:XAUUSDShort
by KPR-Investment
Dow Jones is on the verge of collapsing Dow Jones (DJI) fell below the crucial support line in Friday's trades following multiple failed attempts to break out at August 2022 highs. The index is currently on the verge of collapsing based on the previous activities around this area - May, June, and August 2022 and will need to hold above 33264 to avoid a major sell-off. Critical support estimates at 32514, 32056 and 31764 Not financial advice; the analysis is based on my technical indicator for educational purposes only. You can follow my work for future updates on the stock market as we continue to navigate through market volatility.
DJ:DJI
by Rotuma