Be careful shorting before the topIn my chart analysis I indicated my future expectations for market movement.
I know that my perspective is that of the minority, but it's always worth looking at the market from a different perspective, as it may just save you from a massive loss.
As always this is simply for educational purposes and not financial advice*
Good luck trading,
Zerotozeros12
Usstockmarket
Expect google to reveal positive earnings!October 25th google will post their earnings; I expect that they will be positive (along with many other leading tech sector companies). This will lead to one last rally in the market.
I indicated on the chart where I see Google reaching out to, prior to a massive throw over following shortly after. One second the whole market will be elated by new highs and the next second bear selling will completely devastate any that are holding longs. I will likely close my position slightly ahead of target and begin opening shorts around 1450 and double down as we get closer to target. I know my perspective is that of a minority, but I believe that it is worth considering before fully committing to a bearish mindset.
*As always this is not financial advice and is intended for educational purposes only.
Let me know what your thoughts are on the market and where you see us heading!
Good luck trading,
Zerotozeros12
Key price level for US Stock Market - Neutral With the US30USD price sitting at a strong horizontal and upwards trend-line support - the market technical analysis here points at upwards movement (Strong pin-bar bounce from support line).
Although our market analysis points towards a potential move up, you should only enter a position if you see a strong break-out above the 25,500 level.
The DJIA could still be under pressure from the increased interest rates and geo-political tensions, if the bears are able to move the price down below this key support level then the market is in serious trouble and there could a downtrend formation in play.
You should always combine a fundamental and technical analysis together. This can give you a much better insight into where the market is looking to go. Simply using technical analysis is not good enough.
This is not investment advice - Losses can exceed initial deposits when trading. Good luck!
S&P 500 SPXFear is in the market, reasonably so, after such a huge drop. We haven't seen anything like this since February. Many are suggesting that this is the beginning of the bear market, if you're one of those individuals, I'd recommend waiting for more signs to support that idea. As If things end of playing out the way I believe they will, you will end up with a large loss. Not to say that I am correct and you are wrong, but simply suggesting that there is an alternative count and to be careful, I'd hate for you guys to get sucked into a trap. Expecting a bounce to begin around the 2680 range and followed with strong upward momentum.
AS ALWAYS THIS IS NOT FINANCIAL ADVICE
For educational purposes and a means to share ideas.
What do you think is happening in the market?
I'd like to hear your ideas!
Zerotozeros