BMW: Bearish Continuation & Short Trade
BMW has violated a rising parallel channel.
after that the price set a horizontal decision range and yesterday it was broken as well.
during today's trading session the price retested the 618 retracement of the last bearish leg,
showing a negative bearish reaction.
now bearish continuation is expected.
target levels:
57.15
56.0
Sp1
GENERAL ELECTRIC (GE): Bearish Continuation
GE broke below a rising channel on 1H.
this breakout matches with a violation of a horizontal 6.87 structure support.
taking into consideration that the current midterm trend is bearish,
here we have a perfect trend continuation opportunity.
initial goal:
6.55
$USD to $103: Political Pump and Dump? (Contains Politics) ⌛️💷Just a theory.. should Trump resign--in a manner of 'dropping the mic-- with national polls suggesting Biden have over 10% leads in many very critical states for the entire Republican game plan. Now, if Pence takes over to fight Biden, I could care less to speculate; I will be here trading and making money regardless of who's president. What if..the market has been pumped by Pump and friends (Kulow, Mnchin, Powell), --and he essentially dumps.. that would make this just another pump and dump?
For more on how close the negative correlation is trading between the dollar and the SPX; the most speculative financial asset in the world-- look below,
PROCTER & GAMBLE (PG) May Keep Growing
PG showed a positive reaction to a 116.0 daily/4h structure support.
the price formed a double bottom with higher low on 1H and yesterday it broke above a minor horizontal resistance.
it looks like the stock will keep growing.
the best strategy for us is to wait for a retest of the broken resistance to buy.
initial goal - 119.0
NASDAQ (NAS100USD) Breakout of Major Channel & Bearish Outlook
hey guys,
NASDAQ has violated a support line of a major rising channel on 4H.
now the price retests the broken line and it will most likely trigger a strong selling reaction.
goals for sellers:
9350
9182
note that the structure high of February is now above and it serves as a key horizontal resistance.
it adds additional confidence in this forecast.
Shiller Ratio (Sat Jun 13, 2020)Here's an update of the Shiller index which I formulated in the chart above with longer term timeframes to show the breadth of the situation. The U.S. equity market now appears "cheap" to many--the ones who have named this so called "V" shaped recovery in the U.S. equity markets, however it's important to keep context in mind when looking back at a decade of earnings growth compared to 1919.Into December of 1919, the CAPE was at an all-time low. With so much focus on 1919 going into the COVID-19 pandemic among market commentary, the comparison that this chart allows to make is 1919 to 2019, with a suggestion of downtrend.
If the SPX indeed returns to multiples in 1919, that would put a market valuation of the SPX at around $500 according to the CAPE ratio.
watch this level SP500BFI sell level... or is it a trap? Time will tell but with the current political and civil tensions building its easy to say, this price level can possibly predict a dramatic event quickly approaching. Will coronavirus, black lives matter and global political tensions cause the big sell off? Or, will this be another big fake-out and breakout to the upside? Time will tell. Just don't sleep on this zone.
NESTLE (NESN): Catching Bullish Wave
hey guys,
nestle is trading within a bullish flag formation on 4h.
last week a key daily support was reached and now we see a strong bullish reaction from that.
if bulls manage to break through the resistance of the flag, we will expect a bullish continuation to recent structure highs:
106
108
good luck!
SPX Bearish Bias Remains 13:16:52 (UTC) Thu May 28, 2020Although I don't trade the SPY or the SPX, I will be looking at a rejection from 3059 to add short to XLF and IWM. Most people that have a problem with bearish bias at these levels, are more than likely trading on platforms which don't allow short selling. I appreciate all comments, regardless of your bias. XLV continues to remain a long position for me.
S&P500, The Accurate place to SELL...Please Support this Idea with LIKE if it is Useful....
S&P500
The price is following a channel,everytime the price touches the channel's trendline the price reacts strongly,wait for the price to reach the zone and if price gives any bearish signal look for Sell opportunity..
For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 2hr timeframe for confirmation to SELL..
Trade it with proper Sl..
In case, if price breaks above the support/resistance then we have to wait for a clear direction..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Where are the volumes?The situation with the S&P500 is not clear. Yes, we broke H&S, Yes, we have broken a small triangle with a gap (so far), but there are no volumes anywhere, including on momentum, it is not clear whether there is just no one in the market, or whether this is a false breakdown, we need to look. The key level is 2970. But for now, I still have big doubts about growth - too good news is on TV, and not a very pleasant situation is happening in the world...
love, kiss.
SPX500 INDEX (SPY) Bearish Forecast Based on Structure
hey guys,
since the 29th of April, we see a consolidation on spy in a wide horizontal daily range.
now the price is approaching its resistance again so we can expect a retracement.
target levels
2900 - minor support (382 retracement of the last bull leg with numbers adjusted)
2850 - minor support (618 retracement of the last bull leg with numbers adjusted)
good luck!
S&P 500 update: two of many possible optionsIt looks like the index is going to retest the former top as we got here the consolidation and not an impulse down as
was expected before as retracement prolonged.
Option 1 (blue) - we can see simple ABC 3-3-5 and A-B parts are done.
Option 2 (yellow) - we can drop one more time in double (WXY) or even triple three (WXYXZ, not shown).
The distance of the first leg up in A or (W) is enough to repeated in B or (Y) to tag the all-time high.