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Short-short

Mr. S&P500, it's decision time again.So, here we are, below the red Center-Line. What now? If the Bears are successful, then we go south. Target is the at least the white Warning-Line, or the red Lower-Medianline-Parallel. What ever is hit first. On the other hand, P3 could be in and we get a bounce up for a re-test to P4. This is a tricky situation. Even more because the Nasdaq looks ready for a rebound. What shall we do? To me it's clear: - if I short it, then my stop is above the CL. I don't know where yet, but it will not be super close. I rather play it with Options to give my idea more time, even if we get a bounce for a re-test of the L-MLH (gren) or the white WL. - If I wait for more information, I accept the potential for not being on the Submarine if it tanks. What would I loose? Nothing - there's always another trade. - And finally, on a re-test of the green L-MLH/WL, I can stalk a short from there. Isn't that relaxing, to have so much opportunities? §8-) Play it save Tr8dingN3rds.
CME_MINI:ES1!Short
by Tr8dingN3rd
Visa $V Rejecting off top channel resistance -- BearishGiven FOMC is behind us now and the market is most likely following another leg down I'm expecting a top line rejection off of the large channel on the daily. Rejected off the 200d MA of $218.11. Expect continuing rejection if we get a dead cat recovery at this point, but ultimately I see this impulse retracing back down. Notice the W pattern several bars before with a clear rejection off the top resistance with the large wick a few days prior. MACD is making lower highs, RSI is coming back down and about to cross the signal to the bearish side. Stochastic is losing steam as well starting to fall from overbought territory. VI+ looks like its done making an engulfing void to the upside, which indicates that a reversal pattern with VI- is probably around the corner. TTM squeeze looks like its starting to apex as well. Looking at the fib retrace from the previous low to high, and also following an extension downwards from previous high impulse to recent low and recent high we are looking at support levels of 0.236 at ~ $202.81 and 201.26 which is more or less where current price action is. Therefore expect the next couple of fib supports/resistances to be hit on both the retracement as well as the downward extension. Retracement supports are as follow -- 0.382 $194.42 0.5 $193.06 0.618 $188.70 Fib Extension resistances are as follow -- 0.382 $194.91 0.5 $189.79 0.618 $184.66 Looking at the volume profile we see a good shelf of support up to the 0.5 fib extension. Look for downward movement over the next 6 daily bars (10 days). Price action must clear the support shelf at $200 to continue downwards, otherwise expect sideways action between $200-203. PT1: -6 pts -2.99% to the 0.382 extension ~ $194.91 PT2: -11.11 pts -5.33% to the 0.5 extension ~ $190 -- I think this is where $V will find support and probably start heading sideways. Max PT: -16.11 pts -8.03% to the 0.618 fib extension ~ $185 -- Long shot, will have to continuously monitor to see how we move along with the macro and how the volume profile shapes up over the next few days. Stop loss: ~$203.50 +1.53% from current action -- This would be the last stop on the volume profile upwards where the next would be a gap towards the upside.
NYSE:VShort
by paolodamus
1
Possible down trend Interesting Stock, on the 15th of July the price made what is called in technical analysis dead cross, a signal for a beginning of a downtrend. Now it seems that the price is using the line of the moving average of the 200 periods as resistance and is entered an area between the price 381.05 and 351.05. If the price will break the level of 351.05, there is a good chance to follow a downtrend. The stock is still in a positive trend, My vision is neutral waiting for the right signal.
OMXSTO:BOL
by tassrjfly
SHIBArmy TAKE COVER! Shorts are setting up! Trap ahead!!!The enemies of the dogs are taking advantage of this puppy's advance. Take profits OFF THE TABLE but do not liquidate just yet. Traders are moving profits to ETH OFF EXCHANGES and BTC although ETHBTC pair indicates ETH is the runner we need to focus on. HODL ETH with both hands. Wall Street crooks are shorting the paper to scoop up the dwindling supply (1.5 of summer stock), As a flood of ETH2 validators come on the market to increase speeds and build the faster, cheaper backbone of Internet Currency, ETH demand will explode and price will follow regardless of the short term acrobatics by crooked Street Clowns. Move to ETH under $4K BTC under $60K DOGE under 25 cents Puppy SHIB, don't sell out, you want to keep a ticket on this carnival ride, we have no idea how high this coaster can go but we're seeing double tops warnings. Enjoy the ride up, protect yourself for rides down.
by UnknownUnicorn2413721
1