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New All Time High - Risky BuyS&P New All Time Highs - Risky Buy The Emini and S&P 500 made a new all time high again today, leading many to believe this market is still strong. In some ways it is, but it is more important to realize it is also in a bull flag trading range. This makes it a risky place to buy up here. This is where strong bulls who bought lower will start looking to take profits, and strong bears will start looking to sell for a move down. Why is it risky to buy now? There is only a 40% chance of a measured move up based on the height of the trading range. And the risk needed to enter now is large (below the bottom of the trading range). There is at least a 50% chance of a test down soon, back into the range. The middle of the trading range is a magnet and will likely get tested before the bull trend continues. Furthermore, if the bears are soon able to create a strong reversal bar for the large wedge, it could increase the probability to 60% for two legs down. If there is a quick and large move up in the next few weeks, it would likely act as a climax and final flag reversal, increasing the likelihood of a sell off. Dont think just because there is no reversal yet that the market cant or wont sell off. Look at the past two sell offs from this area. They began from bull bars (Jan 18 two bar reversal), or small inconspicuous bars (Sep 18 doji to outside bear bar). But the follow through was strong and fast. Of course, this does not mean a shorter term trader cant buy and make money. Day traders can do many things investors do not or should not. But as far as a long term investment, this is simply not a safe one to buy at the current price level unless you are willing to sit through a deep pullback and scale in. And if you are - why not just wait and buy then? If you found this helpful please like! Feel free to comment or ask questions
CME_MINI:ES1!
by tradersmentality
Consolidation from gaps find support at .67? FCELI'm continuing to watch this stock closely. I am a low-level trader and don't have tons of money in this stock, but nobody wants a loss of even a dollar if they don't have to. If the .67 mark is confirmed in the following days then I suspect the .80/.81 upper resistance will be broken. Or, it could go the other way. Still too early to tell. News has been nothing but good in terms of contracts, although, there was a reverse stock-split weeks ago. Additionally, there was negative news about potential down earings Q2. There is a July 3 article outlining the volatility, but even that is uncertain whether there will be a breakout or a sell-off. If I were a betting man, something will happen to push the stock back above a dollar so they can stay listed. I've not heard anything about an SEC warning or extension about staying listed. Something to watch closely for a breakout in my opinion. Too many articles outlining positive business ventures.
NASDAQ:FCELLong
by PatternTrader0807
1
Is Bitcoin bull market closing to endBitcoin goes parabolic as shown by the steep pushup early this week, breaking above 14000 dollar for the first time in 2019. The huge volume in leading derivative exchanges indicate the market has reach a point of frenzy that is illustrated by media coverages and vigorous new investors pouring in. The pull back yesterday, in any sense, is expected and well-deserved since anyone, with some trading experience, will realize that parabolic momentum can't sustain itself indefinitely. A sell off, therefore, inevitably follows . Anyway, the 3000 dollar pullback is a remainder that we're in a bull market, and in chart we can see buys are starting to come back when the price drift to 10000 level, which is an important support leven, psychologically and technically. The rebounce near 10300 make the relatively steep uptrend beginning at 8000 intact. That being said, We concluded that the market is still very strong and shows significant resilience, and new buyers are still pouring in to provide liquidity to crypto assets. Technically, the bull trend has yet over, and we won't prematurely assume the top is 14000 since the trendline holds steady against selling pressure. Nevertheless, we expect some days of consolidation before the market gain steam and resume momentum.
COINBASE:BTCUSDLong
by UnknownUnicorn3838311
M Top on $ETHUSD: potential selloff incomingBe wary of the M top coupled with the volume dump indicates that we were unable to break next resistance and market oversold + exhaust & recent developments with $LIBRA (more on that later) have made market outlook && priceaction analysis a lot more foggy as the forecast seems to point towards a pullback before we see any sort of consolidation/reversal and continuity. Check link below for img take note of the spaces between // and other breaks in between link. https:// forex-charts book. com/ chart_patterns/04/ double_top. png Tried to edit it in but I guess we can’t publish sites. Check my twitter feed for img too. Personally i sold (check last chart) after we TP1 then went pretty much 75% in on this BNB BOOM while diversifying rest into some other stocks currencies & $XAU $GLD which is holding up as predicted) but more on that also smh when I get a chance. Not enough hours in the day...
COINBASE:ETHUSD
by a1mtarabichi
USD/CAD: Day-Swingtrade-Opportunity! Trade the RANGE#ShortHey tradomaniacs, welcome to another free signal! Important: Market still volatile and news-driven! Make sure to reduce your risk decently! ----------------------------- Type: Day-Swingtrade Sell-Limit: 1,34646 Stop-Loss: 1,34830 Target 1: 1,34287 Target 2: 1,34125 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
US 30 Down Trending: Double Cascade Correction ImminentBusy chart. US 30 is trending down since 26 Feb 19, and 22 March Price Shock was pivotal IMO: Note the long TL at bottom reaching back to 1996. Scroll R/L to see the extension. IMO this line will define the bottom for the 2020 bear market. Note the two-year 'Trump' TL which has enjoyed a parabolic run-up since election and corporate tax cuts. This curve is unsustainable and will drop back to the long TL, sooner than later IMO. NB: The 2018 Zig-Zag Correction and subsequent Bear Market Rally have produced a Head & Shoulders pattern on grand scale going back to Jan 2018 (triple tops charted under umbrellas). In shorter perspective, US 30 is in a down trend since 25 Feb, when it made a lower high around 26240. It's trading well below that now, after rejection from the TL formed by highs of 03 October, 25 Feb (X-X TL). Small arrow over 19-26 March period shows stair-step of lower highs. Bearish engulfing candle on 22 Feb was extremely ominous; a clear sell signal, provoked by rate inversion, a highly reliable indicator of recession. According to WSJ on 3/24/19, the yield curve has inverted before each of the past seven recessions. Nice article on what it means exactly and why it happens; essentially; bond investors' demand for long-term notes has driven their yields lower, as confidence in short-term paper falls, given an expectation that future paper will pay less: www.thebalance.com "Price shock" on Friday 22 March occurred on/about Spring Equinox, a period often marked by trend changes. This arrived after a three-week rally following a brief decline from the 25 Feb high, a date 61 days from the 26 Dec trend change; significantly: In "45 Years on Wall St" W.D. Gann noted; "Rule 4: Buy and sell on 3 Weeks' reaction or decline... in a Bear Market sell on a rally of three weeks after you know the trend is down... After a market rallies or declines more than 45 to 49 days, the next time period is around 60 to 65 days, which is about the greatest average time the a Bear Market Rallies, or a Bull Market Declines." "Rule 8. Time Periods; Dates for Changes in Trends: ...March 20 to 27th. Sometimes major tops or bottoms occur around these dates." General observation: following a Price Shock, the market may Rally for 3-5 days before the Down Trend resumes in earnest. When these Rallies are rejected from a TL, the resulting reaction can provoke Panic Selling and Capitulation. Look back at Jan 29 Jan to Feb 1 and 3-10 October periods, where brief consolidation occurred just before Waterfall Selloffs, following the initial Price Shock. Of the past 11 corrections of 10+%, 9 have produced double bottoms. Of the past 13 Bear Markets, only 7 have correctly indicated the arrival of a recession. The market is a lousy forecaster! But, this means that 46% of Bear Markets occur without a recessionary environment...! See: www.cnbc.com WXYXZ patterns depicted only suggest a possible path, this is of course completely unknowable, as predictions are always hard to make, especially when it's about the future! If you scroll back to Feb-June 2018 there are two 'M' patterns with the WXYXZ path. Although the markets could simply roll over and throw down to a double bottom, IMO a complex pattern is more likely, given the titanic struggle with Bulls & Bears ongoing. I do not pretend to predict the course of US 30. However, it is apparent we are in a Down Trend; the index has rejected from the X-X TL and is rotating lower as it gets Mark-Down. The possibility of a severe Secondary Correction with Capitulation Panic within three months is quite real. Note that the X-X TL intersects the 1996 Long TL at price 17,734... this nearly coincides with support back to 2015 around 18,023. Expect eventual bottom formation around Dow 18K. Risk in US Equities is very high now. Prices are within 85% of ATH (All major indexes reached and turned back from Fibonacci 8:55 ratio = 0.85455). It would be prudent to exit long positions and preserve capital. Speculate on price mark-downs at your own risk! That being said, I've taken Bearish Positions in: SDOW; SPXS; TECS; SPY 282 May Put; QQQ May 180 Put. Growl! NB: This is not investment advice; just my own speculative idea; trade at your own risk! GLTA!
DJ:DJIShort
by DaddySawbucks
4
SPY Retracement Scenario Before Continued Sell OffHere is a scenario for a 50%-61.8% retracement for SPY, up above $282, before continuing it's sell off. Looking to the left, there was a very similar structure in late February into early March. You can see how the peaks are quite identical, and on the low following the last peak, there was a retracement between 50%-61.8%... and also to the area of the 100MA. Currently, that would represent a bounce up above 282 before the selling resumes. On the current chart, I drew 2 fib lines... The left one is just to show that the intraday bounce on Friday, March 22 came no where near the level that could be expected from the earlier chart, which would have been between 282.30 and 282.90. It instead topped out at 281.51. This was also well short of the 100MA. If that was THE retracement, then steep selling is likely to continue. If the low associated with the left fib lines is not "the low following the last peak", then we can count it as not in yet, and take the lowest low from the end of the day. The right fib lines are to show how high the retracement could be before the selling continues. Also, notice the little RSI divergence to end the day... Both scenarios are bearish, and would see new lows by this time next week. This is merely to point out the precedence of a possible nice bullish play before we get there....IF the bounce to 281.51 was not it. Travis JMJ - UIOGD
AMEX:SPY
by Procinctu
Boeing's Descent - Sell Now Watch out for Boeing short selling tomorrow. There are a few pieces of news that will surely sell a 5-10% sell off of Boeing this coming week. The headlines will certainly scare investors as investors wake up to the recent news and announcements from Boeing. This stock may not be a "Buy the Dip" stock, since confidence in current and future aircraft is shaken, Boeing stock may take time to recover from this. Key points from March 10th to look out for: Second Boeing 737-800 MAX has crashed shortly after take off in Ethiopia. Ethiopia Airlines has grounded all 737-800 MAX Fleet China has now grounded all 737-800 MAX planes. Boeing has postponed the 777X Debut in Seattle indefinitely .
NYSE:BAShort
by WorldEconomics
UPDATE!!! BOTTOM NOT IN! Last pump to $4100 before BULLTRAP!Hello.. comparing BTC to the last bulltrap.. i can see again another Bulltrap forming. Reasons: Too much resistance on the upper side NVT still didnt show oversold market (i trust this indicator) Its too early for a bullmarket Lower lows means higher highs We are STILL in the big falling wedge (Which i will show in the comments) I expect the pump tomorrow. Price will propably fall down to $3915 and then pump to $4100 After that i expect a big rejection which will lead to a sell off!
BITSTAMP:BTCUSDShort
by iBeardy
21
Bitcoin sell off on SundayI am not a licensed financial adviser. Now that that is out of the way, let's look at Bitcoin. It is currently trading below the Ema25 , Ema 50 , Ma 50 , 100 and 200. Rsi has fallen to 39.6, and it is a Thursday. Repeated rejections of 4k have caused BTC to be tightly range bound these past few days , but today, for now at least, it has a direction, and that direction is south. It is my belief that tomorrow and or Saturday it will enter a demand zone, and a rally will be attempted, but the repeated rejections of 4k have very likely left a psychological imprint on the emotional sector of the market , which sadly comprises maybe 65% of it. The rest of us know that it could rise if it were allowed to. 2018 was a brutal year for the crypto sector in general , and it has been only in the past few months that a sleeping bear has awakened and changed into a bull costume. The problem is, it is a costume. Factor in the crypto press. Despite almost always being wrong, the emotional sector and the newbies haven't realized that yet. Many people seem to still take CCN , Nulltx etc. seriously. They will learn. One big hope has been institutional commitment , yet in order for that to happen en masse , Bitcoin needs to show stability and or upward movement in a sustained fashion. Something it has failed to do time and time again. Despite this there have been tentative but timid moves by Fidelity and other big names , perhaps part of what led to this latest rally, there has been news from the sec , another positive - but the community is deeply scarred and full of F.U.D. Weekends being what they usually are, I suspect that Sunday is going to be a bad day for bitcoin , and by proxy altcoins in general. I'm keeping my trades tight, small, and careful at this point. Best of luck out there. Fortis fortuna adiuvat Caveat Emptor.
BITSTAMP:BTCUSD
by Cryptocautious
1