AMEX:SDS is showing a Double Bottom pattern, making it an excellent hedge against any long positions you might hold. It is recommended for swing trading purposes and not as a long-term investment strategy.
A review of recent trendlines of SSO, SPLG, SPYV, IVW and UWM. First time shared analysis. Not investment advice, just sharing what I'm seeing.
✨ We provide charts every day ✨ Like and Follow to help us grow family! 🎉 --- Let's see if that money printer can make it rain friends! Today we are looking to see if the uptrend can continue with the S&P (SPY, SPX, SPX500USD, etc). Longing the uptrend in equities has been profitable recently, let's assume that trend continues and talk about entries, exits,...
Time to buy. Moving from the bottom of the 2nd trend canal.
Bit money has been moving into these stop options looking for higher prices in the next 10 days! This stock looks like a solid gamble for higher prices. Weekly chart breaking will trigger powerful 2-3 week rally.
These morning gap trades happen nearly every week providing a steady stream of winning trades.
If we see some follow-through selling this week to break the first red dash support level it will spark the first high volume wave of selling and vix spike.
Opening Gap Signals Market Top For Swing Traders
Reversal candles on the daily chart point to drop 19-21st could have followed through selling next week. Next three sessions are going to be critical...
Broad market setting up for another leg down after this week's short covering pop and overly bullish sentiment. See More Videos at www.TheTechnicalTraders.com
The chart here shows a simple trend and momentum shift in the stock market using the 4-hour chart and looking back several months. I do post videos each morning of all the major markets here
Chart paints the picture but see my previous post of this here and click the blue play button on the chart:
Yesterday the Russell 2K IWM broke down and tends to lead the broad market. Now let's see if the other indexes breakdown.
Expect morning overbought gap up to fade and fill Gap window. This happens all the time!!! easy morning day trade!
When the Squeeze momentum starts to get into the negative 20 to 30 range, a major low in the $SPX -3.09% presents itself. There could be a quick plunge down to 2575-2625 area but personally I have already started to scale into longs and will keep on adding on each 0.25% lower.
SSO Swing Down Lower Lows Color Blue Number 5
SSO Sideways After Swing Down Color Blue Number 4