Market
SPX downsideIf this continues to act the way it has been, this rally might be nearly over.. probably safe to start shorting soon on the SPX
I have already begun at 4004 picking up shorts and willingly ready for another 100 points with long term view of being further downside and higher reward to downside than upside currently.
Market Bias & Top Stock Watches - 11/22/2022Bias: Bullish (grinder).
Top Watches: Long - AEO, BBY, CSIQ, KHC. Short - MDT, ROL, ZM, BX.
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USD/JPY Trade setup.Looking at this trade setup on USD/JPY is setting up for a buy opportunity if price continues to show strong buying momentum, pushing the sellers out of the equation. You will notice 4 to 5 touches that price makes from price creating support to price breaking it then re-testing that same area which then becomes resistance. Price was in a phase of consolidation/indecision before creating a minor area of support which adds more confirmations to my confluence for a long opportunity. Watching 140.700 area. Updates on this setup will be posted throughout the trading week or for each upcoming trading sessions.
RLinda ! EURUSD-> Trend change or correction? EURUSD in early November is trying to change the global downtrend. A number of positive fundamental factors contributed to this maneuver. The price confirms the change of the trend and at some point breaks through the resistance of the uptrend channel, indicating to us a more accelerated recovery. But a false break-down of the resistance at 1.02692 is formed.
In the chart, we see a break-down of the base support at 1.02692, which was also the base for the H&S pattern. Ahead is the level of 0.618, from which a pullback might follow, and if the price makes a false-break of the upper boundary of the channel, there is a chance to see the continuation of strengthening of the euro.
But in case of breakdown of the key area and consolidation of the price under the channel resistance, the price may fall to support 0.9926.
Regards R. Linda!
Market Bias - 11/18/2022Bias: Choppy Bullish.
Top Watches: Long - FL, SPWR, ROST, GPS, JNJ. Short - GTHX.
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Tune in to my livestream every morning from 9:15 - 10:30 ET to see real live trading and get a more thorough review of my top watches!
STOCK MARKET ABOUT TO CRASH LIKE 2008!The stock market has seen a move up in the recent days and there is nothing bullish about it. inflation is sitting at 7.5% is not something to be bullish about. The will not pivot anytime soon. If you want to trade in the coming weeks; be prepared! The area to short is either current level or 406.
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SCCP TO 300$