Selloff
Bargain hunters go shopping into tech and support US IndexesMorning Jumpstart Macro View and US market recap 31-01-22
US ended the week with a bang as bargain hunters went shopping to support the broader US market. Tech was again the favoured stocks which lifted the SP500 while the DOW lagged the enthusiasm. There may be some end of month window dressing on the cards also which may have provided some support.
For a deeper look at the price action, key levels and what I see playing out...watch the video and feel free to leave any comments.
View more at www.tradethestructure.com
Mid Feb. Bitcoin to hit $30,000. Buy or sell?Just a quick video breakdown. As you can see a trend building here over the last few weeks, it's likely that trend will continue to true support. That level is very clear at $30k and looks to be pretty heavy support. It is possible we enter the winter and head into that $20k rang or possible a collapse tot he $12k range over a period of many months of volatility. Of course, at that point it's time to back up the truck. A lot of political items going on right now as well so keep these in mind as they may trigger a sell off that goes beyond technicals. I have buy orders set on other crypto in their support zones to prepare for overnight sell offs as an opportunity to catch a clearance sell.
Market Recap and levels to watch for the coming sessionUS markets saw a late session beating to push prices sharply lower into the close and continue the recent selloff. Watch the video for a more detailed breakdown on my Macro picture and key levels I am watching in major markets.
Thanks for watching and please take some time to check out the website.
USDJPY quick sell off shorts Looking for a rejection off the last supportive area that it broke at 115.700, a rejection from here would give a nice confirmation that we will get a decent sell off. BUT remember higher time frames we are still in a bullish market with this pair. If I get entry's my stop loss will be move very quickly to break even.
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.
Asian Markets melting down and do not look healthy longer termThe Nikkei and Hang Seng along with my local ASX200 are well under pressure today and may see further downside in coming sessions. In the video I take a look at the daily charts for my major Indexes and discuss where I see the risk and how I will look to trade any downside if this weakness continues.
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
<TradeVSA> Dataprep Distribution...Dnex Follow?Weakness in the chart:
1. Downbar high volume from the top
2. Sell-Off high volume
3. Below 20/40ma
Hit the "LIKE" button to support us :)
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock