BEAR trade ideas

jonnytren

Bullflag until 2nd quarter earnings? slow grind down for another 3.5 weeks? WIll monitor. No stops in place

rhysdd Updated 

Just some observations and charting patterns on historic ASX:BEAR. Could it be foretelling a repeat of a market reversal of the ASX?

GlobalTrader_

I think now the BEAR begins and very fast. 29 June & 27 July The Money Flow indicated Bottom was in. This week we have ended with the candle above the mid-line of the Linear Regression & the Stochastic RSI Poking its head above the oversold area. Only thing left is for the price to be above the mid Bollinger band. But as things drop quickly you might miss...

GlobalTrader_

This is BEAR an easy way to short the ASX with this ETF, BEAR goes up is stockmarket goes down. Looks like we are moving up from the bottom Linear Regression and forming a higher low as we speak. On this 2 day chart we been sitting in oversold StochRSI since the beginning of April and now is opening up to the upside. The bottom Finder indicator is @ 17 which is...