Get started

Selloff

Are we building for a deeper selloff or a bounceAsian markets remain looking heavy as the HSI and Nikkei Daily timeframes press lower. The US has been more resilient to negative news and remains focused on inflation and interest rates. The question is how much of the good news ie/ strong economy and bounce from pandemic lows has been factored in to price action in the US. If the US start to take a hit, then other markets will follow....so are Asian shares markets flagging what is to come. Check out the video for a more detailed look at key levels for major US, Asian and Australian Indexes. Remember to check out the website www.tradethestructure.com and leave a comment a thumbs up for the video.
ASX:XJOShort
by TradeTheStructure
3
DAX Sells-Off As Markets Are In Risk-Off SentimentHello traders and investors! Markets are in risk-off mode as the media is spreading fear about the new covid variant. But everything is maybe just too pessimistic if we consider there are no deaths and no hospitalization for a new variant! However, markets do not like uncertainty so we are seeing a sharp sell-off on stocks, even commodities are coming down which is making a dollar, jpy and chf very strong. DAX is coming down but into some support at around 15k with five waves down, so rally can be coming in three waves. Resistance is at 15500/15450, where a new sell-off may show up, but only once we have an a-b-c rally. All the best! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
EUREX:FDAX1!
by ew-forecast
Is this the Correction?Third time is a charm, I originally thought we would see the sell off after earning as we see the impact of inflation but market didn't seem to care and we had the options gambling mania pushing stocks up parabolically. I don't really get why the inflation number that came out shocks anyone given the expenses reported in everyone's earnings rose sharply and Petrol and food price have been sky rocketing but bout time that 10 year yields come to life. Evergrande finally officially defaults on its $148 million coupon payments and has over $300 million that was due by the end of the year so I don't see that fixing itself and could send china into a Deep recession. If china cant contain this debt problem we could see a big fall coming next year as inflation will continue to rise but if the second largest economy declines the worlds growth will decline. I only have a 7% target on this trade but will see how it unfolds closer to the target. I do still think we Bull into Christmas like always before the impact is felt and we have the bigger sell off some time Feb - March.
UShort
by jackwheeler
1
$PYPL PayPal under heavy fire, where is the bottom??Paypal got destroyed over the last couple of months, after it made it's double top on July 26th. It has lost 35% of its value since then. Paypal gapped below the support at around 222ish$ today and that triggered even more selling, since that support held for almost a year now. The next area, where i see heavy support is at around 184-190$ I feel like that support must really hold, if we for example would gap below that support too and keep selling off, there is a gap that would be closed at 130$. Overall, the $PYPL chart really got some technical damage done to it, and it will need some hard work of the bulls to repair that damage. We ripped a big down gap today, so i expect somewhat of a recovery rallye, also to work off that oversold RSI, but i would not be surprised, if we see another leg down in the $PYPL chart afterwards, since there's alot of fear in this stock now, and holders might use a recovery rallye to rebalance $PYPL in their portfolios. Definetly not the stock, that would blindly go long on now, just because it got sold off, there's potentially a lot more selling to come in $PYPL
NASDAQ:PYPL
by 10xTrading
TWTR Twitter to lose market share because of TRUTH Social ? Twitter permanently banned Trump from the platform in January 2021 during the final days of his term. Back then he had over 88.9 million followers. Can we expect a retracement to that area because of TRUTH Social gaining momentum and market share? Trump Media & Technology Group and Digital World Acquisition Corp. DWAC have entered into a definitive merger agreement. The transaction values TMTG at an initial enterprise value of $875 Million, with a potential valuation of up to $1.7 Billion depending on the performance of the stock price post-business combination. Truth Social is aiming for a beta launch in November. TRUTH Social will be a competitor to Twitter and Facebook. TMTG+ will compete with Netflix and Disney+. TMTG news will compete with CNN and iHeart Radio. They have also plans for a Tech Stack that includes web hosting (vs Amazon Cloud) and payment processing software (vs PayPal). Could this be the new Twitter / Facebook platform? I`m looking forward to read your opinion about it!
NYSE:TWTRShort
by TopgOptions
6
Weekly Watchlist 9/20 - 9/24Here is what stocks we are watching for this week! NASDAQ:NVDA Currently range bounce with a support of $518. Will looks to take puts on a move under that 518 level. NYSE:GS Looking at a double top on the daily level. Looking to take puts under the $388 level NASDAQ:CRWD Clean bear flag showing on the daily chart. If we get more selling in tech this should see some nice downside on the break of $259.50 NYSE:SNAP SNAP we are keeping on from last week's watchlist. Looking to take calls to the upside on a break of $76
NASDAQ:CRWD
by ThirtyninethParallelInvestment
Polygon (MATIC) technical analysisMATIC SELL OFF POSITIONS Polygon (MATIC) technical analysis: Trade setup: Broke below 1.50 resistance and stabilizing around 1.25 support area (also 50-day MA). Need it to break back above 1.50 resistance. Forecast: 2.00. (set a price alert). Trend: Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Mixed as MACD Line is below MACD Signal Line ( Bearish ) but RSI ~ 50 (Neutral). OBV ( On Balance Volume ): is declining, indicating that volume on Up days is lower than volume on Down days. Hence, demand (buyers) is below supply (sellers). Support and Resistance: Nearest Support Zone is 1.25, then 1.00. The nearest Resistance Zone is 1.50, then 2.00 and 2.50. -For more chart analysis on the crypto market follow, and if you agree with this, like and share. Cheers.
M
by GerradFletcher
3
S&P 500: this short might just be the real one!The SP500 index seems to have topped @ 4476. Technical analysis points to a sharper correction this time around: - prices broke-out the long term bullish trendline - short-term SMAs form an intersection above traded price - short volumes are accelerating, as the daily range expands - the new top formation saw the lowest traded volumes, signaling an exhausted market and low buying interest at these levels. Next support should stand @ 4200 . Short positions till this point, at least, should be easy money. Below this level, more stops might get triggered. Looking forward to your thoughts! Trade smart!
CME_MINI:ES1!Short
by SpeakTrading