PRICE vs MOMENTUM forming a compression divergence. Notice the lower indicator and the trend on both sides. Price has been broadening the last few years while momentum/strength has been compressing. This is a hidden bull diverging into a massive bear divergence with the potential for a 3x touch here soon. Hidden divergences are historically weaker than regular...
I laid out all the details in part 1: But let me repeat my disclaimer: This is a very complex and volatile investment and should not be traded.
SPXU is a very complex financial instrument and you should never trade this. It goes up when the market goes down. It resets everyday, unlike the VIX which functions more like a traditional stock. Honestly I don't even know how to chart this thing as it seems to function similar to a logarithmic scale but man look at that upside! There's barely any details on...
update SDOW has broken out of the falling wedge heading up now, 1st TP $50 area
I noticed a few things happening in the markets. 1. The DJIA has dropped from 29k all the way down to 18k in couple days. 2. SDOW has hit record lows while DJIA puts in lower Highs 3. VIX is still above 30 and has been above 60 during this crash. The market is pumped up by all these stimulus packages the Don keeps creating, but is still struggling to get back...
looks like 1-2 more weeks b4 bulls get bent over and squeal like a little piggy.
Gonna start putting ideas out. Take it with a grain of salt -NFA
Looks like a huge descending wedge, seems like they're going to continue to push the Dow higher, but I personally don't see much more room to run past 28500. I like the 3X weighting on this position for a short play to hedge against any downturn. I do believe we may head to higher highs and push this market through Q1, but I'm not confident we can keep it afloat...
looks like this planet is going to fall imo... but maybe we blast off into outer space... obviously not financial advise
While the large-cap stock indexes like the $SPY $SPX $QQQ $DIA have been running higher, they are now at resistance and should stall out or at least slowdown. Small-cap stocks have been building a base for a mega rally that could make the large-cap run look like chump change! See more analysis on the small cap sector: www.thetechnicaltraders.com
Lots of intraday pivot lows that will trigger strong sell-off today if price starts to breakdown.
Small Cap Stocks lead broad market - This is bearish Chart does the talking
The Russell 2000 ETF continues to deliver critical technical and longer-term price patterns for skilled technicians. Combining the IWM chart with the Transportation Index, Oil, Gold, and others provide a very clear picture of what to expect in the immediate future. Recently, we posted a research article about the Head-n-Shoulders pattern setting up in the $INDU....
VIDEO Showing where the markets should move next - DOWN
Previous significant market top that formed a mini double top and drop looks to be happening again. Monday we should see another gap down and continued follow-through selling, or at least next week which should create a spike in the vix as shown here: www.thetechnicaltraders.com
Last week, I was targeting a short on the DOW. The setup still looks valid, so it's time for entry. It's my first time making a stock trade, so I'm just going to use Robinhood and purchase the inverse DOW index (SDOW). I see some very strong bullish diverge on the weekly chart. Even smaller timeframes look to be coming to an end of their downtrend in the...
SPY Stock market showing signs of reversing but still needs several more days to form top. But who will lead the decline and next rally? DOW or NASDAQ? Here is an article talking about it. SP:SPX AMEX:SPXS AMEX:SPXU NASDAQ:QQQ SQQQ AMEX:DIA SDOW UDOW