Is uptrend for SP500 over

[KCalhoun]

Keep careful eye on VIX and S&P relative to 100/200sma

I'm heavily buying inverses if we stay sub 100SMA for >3days moving forward

 

[tomorton]

https://www.tradingview.com/x/RwRfKjVT/

What i see looking at this chart;

- At 28th September, SP500 has finally validated that uptrend is over. Touched at the low line of the channel and failed to get in the channel
- At the same time it has validated that red downtrend is the current thema of the stock market

Currently i'm short @4437 and will stay short till it stays in the red channel

Being short here is aggressive but I don't say its a wrong tactical decision. Depends on your time horizon for trends and for trend-following positions.
But how is the channel constructed?

 

[RedDuke]

https://www.tradingview.com/x/RwRfKjVT/

What i see looking at this chart;

- At 28th September, SP500 has finally validated that uptrend is over. Touched at the low line of the channel and failed to get in the channel
- At the same time it has validated that red downtrend is the current thema of the stock market

Currently i'm short @4437 and will stay short till it stays in the red channel

let’s see how it plays out.

 

[Galatia]

let’s see how it plays out.

So far so good

 

[Galatia]

It's now official. Not only the uptrend is over, but a new downtrend is confirmed as it went down 4300's. My first target is the band of 4234-4245. I'll reverse my shorts (open at @4437) to long with a stop of 4230

https://www.tradingview.com/x/tKxrIKFo/

 

[KCalhoun]

I'm long inverses UVXY TZA SQQQ SOXS FAZ etc and will continue scaling in

 

[maxinger]

It has broken the rising trend line a few days ago.


How low will it go?
No idea.

 

[KCalhoun]

sp failed to bounce off 50sma, will be interesting to see if stays sub 100sma 4350 next week

strong sell signal if it gets & stays <4150 sma

 

[SunTrader]

Put the volume back and ditch the meaningless squigglies.

 

[KCalhoun]

This is the part where markets crash

#gobears