It appears that the S&P500 (futures, ES1!) decisively broke down a long time support that dates back to May 2020. It is also below the 55EMA, and MACD with other technicals are downward biased, indicating a lower target than the recent lows. Possible target of 4280 from now to end Feb.
GOOG D1 Really wouldn't mind seeing a deep correction here on Google, massive extensions seen from the lockdown lows in 2020 throughout March. We saw aggressive bounce backs, and we have highlighted this each time we post out rundown and cover the S&P500. Corrections from swing lows to swing highs would be attractive to load up on longs again, as we approach...
The market is extremely overheated, overbought, and is reaching a peak. US equities have been going up since March '20 and some traders are worried about a looming depression. The concern is valid. The government keeps printing money, spending money, raising the debt ceiling, COVID is STILL spreading, CDC changing guidance, tapering, interest rates, etc!...
Sofi Technologies looks like it wants to rally. If sentiment changes and money flows back in, there could be nice returns on offer here. What I am seeing is a triple bottom, telling me that the bulls will take control. Take profits at $22 (50% return) Stop loss at $12
Here in this position, it is clear that intensive work has gone into supporting the entire global recovery. Moreover, we could already count the resilience in credit as ideal results from the covid siege. But now I want to focus on the US and small caps in particular are getting to work and the advance is leading to a more palpable exhaustion leg and opening...
Last week I said that DXY will go bearish due to the fact that it was printing the same structure that was printed before. Because of this identical shapes, I mentioned that DXY will fall, repeating the same move that it made before. Unfortunately, we experienced a fake breakout that touched our SL. It should not yet be dismissed that this move will not unfold....
Technicals: Price is testing the resistance zone, which is also in line with the fibonacci confluence area found. In terms of market structure, prices broke below the market structure and we could see further downside here. Take profit target would be based off the -27% and -61.8% retracement that was taken from the last move. Fundamentals: Market risk...
If you have not been paying attention, get ready for some real volatility and big rotations/reversions in the markets. It is time to put on your BIG BOY/GIRL pants because the markets just exited a simple upside trend bias and entered CHAOS with a new downtrend setting up. If you don't know what to do, then you better start paying attention. This downtrend...
This is a scenario I don't put too much faith in right now, as the bullish momentum seems completely unabated... but as we all know, markets can be tricky and fast in the face of complacence and leverage... so, in case an "event" (like ark blowing up or something of the likes) could bring spy to retest the early fall breakout 358/353ish making it the BTD...
pretty easy one. Looks good to me. I'm starting to look for buy opps!
as long as this "buy the dip" hype continues , this market still can run up for another 15 to 20%. wait for breakdown & confirmation for bearish confidence. good luck.
What "global recovery"??... Are "they" serious? - Of course not. But it is entertaining, that much is true. Going long Game Stop makes a great deal more sense than owning US equities - or any other, for that matter. (At least a case can be made for he former .) ... and here is one (among many!), reasonably reliable Risk On(Off) FX pair ... ... which says that...
this is not what i'm expecting but , if global economy is really going into a severe depression phase , then stock market can run for more unrealistic valuations before it happens.
i don't call this a top but , a sharp drop is likely to happen in 2021 , but i don't think it will be something like great recession , great depression , economic collapse etc... slower but strong recovery can follow that drop too. the previous forecasts are completed in expanded timeframes.
decision zone. breakup can be very agressive. stop > if breaks down & daily closes.
however another moderate pullback can happen in short term before going up over 4000.
looking for strong bounce after elections.
seems like another consolidation for breakup.