I thought this crap looked really familiar, here's the COVID rebound upside down.
COVID stocks now tanking much like the way they rose off the bottom, every earnings just gets worse and worse.
I maintain bearishness but watch out for the Fed next week. Also, just because garbage stocks are tanking doesn't mean they tank every day, you can't expect stocks to...
It appears the market has lost all appetite for money losing "growth" stocks that aren't growing. My trade strategy is still valid, short garbage on any pops, they can pump futures but they can't make people buy. Let the algos hold the bag.
I think every garbage stock is going to SFIX it's way to single digits, just gotta avoid the pumps, remember the 3 day...
MFI overbought but RSI isn;t.
My short squeeze rule is 3 days but lots of stocks that normally fill gaps are just hovering around wondering which wa to go, lol
The RTY one hour time frame is still in a down
trend. The market is making lower lows and
lower highs. According to the daily time frame.
The market is expected to push bullish towards
2314.5 about +1,412 ticks above the market. It
will be a good idea to wait for the one hour time
frame to break the short term down trend line
and enter into the buy zone. Before...
Indicated areas of support (green) and areas of resistance (red) are ascending (rising) and descending (falling).
These areas indicated suggested support / resistance for Monday, 3/13/22 and either rise or fall based on their channel structure ascending or descending.
Please check back for any mid-week updates. You can also follow me on my social networks...
RTY MFI overbought again....
It's like they're trying to melt it up for some reason. Really odd considering retail tanked today. Could just be a gap fill attempt.
Whatever, probably best to stay out for a day, most garbage stocks are small cap
RTY MFI almost overbought
My general rule is 3 days for a short squeeze, but I may be looking at puts if RTY MFI gets overbought tomorrow. Might do next week's puts to be safe, Fed meeting and what not. Not to mention I doubt anyone wants a long position over the weekend.
I've indicated area(s) of ascending and descending support and resistance for the week ahead.
Please note, areas are indicated on a daily chart for Monday, 3/7/22 and will adjust according throughout the week.
When price settles above an area of resistance, that resistance should then serve as support.
When price settles below an area of support, that support...
RTY MFI went oversold and now bouncing up. Indication of a melt up when RSI doesn't go oversold.
Odd thing is about half my board is red even though small caps are up 1.5%. That's really unusual, but looks like the garbage stock dump is done for the day.
Gotta headache so heading back to sleep, good luck
2030 hold the potential to contain selling, above which the descending 2120 channel top can contain buying.
Breaking below 2030 could signal a retest of last week's lows descending at the 1875 price level currently.
Last week's price action, most importantly last weeks price settlement may be an indication of what's on the horizon.
Price continues to close below key resistance which leave the market susceptible to completing a full channel extension.
A retest of 1,892.40 is not out of the question in the near term unless something spins this market around aggressively. ...
We caught a beautiful short across all indexes and a 2x short on NQ I will include those set ups, all based off $VIX Bat pattern, that gave us a reason to find asymmetrical risk shorts in $RTY, $NQ, $ES
I think $RTY will test 618 and hopefully fill 786 level, Stop against low of X, aim to. I will post my entry if it comes
tp 1 @382/ stop even, take 1/2 +...
There should be a bit of upside left but then price should face a strong resistance from the prior support level and also the down trend line from the top !! Let's see
