Sasquatch_Trader

Sasquatch_Trader

The MMTW is showing the SPY is now in buy territory from a breadth perspective. In addition, price is heading into overhead resistance and will likely break down again from there, if it doesn't break to the upside.

Sasquatch_Trader Updated 

Major overhead resistance on the daily SPY... schrts.co The real nature of the larger pullback is revealed on this weekly SPY chart... this is very bullish. schrts.co Prediction: Near-term pullback with larger time-frame indicators suggesting a break to the upside, despite that major resistance is overhead.

Sasquatch_Trader Updated 

I am now looking at the MMTW daily chart which is focused on the % of SP500 stocks above their 20-day moving average. This may be the beginning of the next bear leg down for the US stock market.

Sasquatch_Trader

The market breadth upswing is just getting started. Expect volatility along the way, but know that you are on the right side of the weekly trend. Long trades will likely play out better than short ones, going forward for the next month or two. Also have a look at the daily MMFI chart for a closer look at the day-to-day. God bless you, and may you be richly...

Sasquatch_Trader

This chart is looking at the % of US Stocks Above their 50-Day Moving Average (ticker = MMFI), which is an excellent way to gauge market breadth and buy/sell entry areas. We have entered the buy zone on the weekly chart and the buy confirmation will be when the line on the price chart moves upward from this buy zone. This is not a good time to be going short, as...

Sasquatch_Trader

The chart notes state most of the trading approach, so please have a look. I will be posting charts for the SPY and NDX, going forward, for identifying smaller time-frame trends within the new bearish trend. Welcome to the new recession! What's most interesting is the extreme suppression of precious metals prices over the last few years. Since the banks set the...

Sasquatch_Trader

The S&P is confirming a long-term market trend change is happening now. Go short, with inverse ETFs such as SDS which is a (2x) double-leveraged high-liquidity low-cost way of shorting the S&P without a margin account. Both the precious metals and the main crypto currencies appear to be under suppression, per the Plunge Protection Team (aka, the President’s...

Sasquatch_Trader

The SPY (SP500 futures) is confirming that a long-term market trend change is happening now. This is a good time to go short, with ETFs such as SDS which is a (2x) double-leveraged high-liquidity low-cost way of shorting the SP500 without a margin account. Note that both the precious metals and the main crypto currencies appear to be under suppression, per the...