The Sp500 – Dow Jones and the Nasdaq might be getting ready for a drop it's forming a V topping pattern. Stocks like TSLA – APPLY – FB – MSFT – GOOD – AMZN all look very weak here as well and might be forming a topping pattern.
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TAGS: SP500, Dow Joens, Nasdaq, Tsla, msft, amzn, goog, FB,
#Sp500
#Dowjones
#Stockmarkecrash
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This is amazing
John what percentage of a stop limit would you use on an individual mining stock or just regular company? 5%-10%-15%? Also how can I join your trade group or if you have like a chat I can join or something
Unable to do the download your free gift. Is this offer specifically for the US?
John where have you been, did Australia shut down the internet too.
The question is were have you been. Did you just wake up .. HEHEE 🙂
I think your right markets run out of steam. Could be a big correction within the next 1-2 weeks.
MAYBE! Remember, we are in a big bull market on the weekly, so if we do get a pullback It might only be a 50% retracement of the entire move up before continue up.
Doesn’t that Dow Jones chart look like a head and shoulders pattern forming?
Yes
I see it too
Yup! Next week (if not this week) will be very interesting.
Bear flag
It’s NOT a bear flag YET!. We need to see the breakout down FIRST. MANY of times , you would get a bear flag but it would break UP NOT DOWN. So we need to see the break DOWN first to call it a bear flag.
My opinion? New ATH before election.
Throw your opinion out the window and just follow the market or should I say FOLLOW your set of trading rules 🙂
@John Howell You can’t just follow the market. The market changes every second.
@Markus GH Being a professional trader is all about have a trading system with a good win-loss ratio and ONLY trading that system. The problem you have is you belove you need to RIGHT to make money.
@John Howell A trading system is built based on opinions at the end of the day. That’s why you can either win or lose. I don’t know why you take issue with me being humble enough to say that it’s my opinion ie. I might be wrong. So can you and so can everyone else. There’s no such a thing as follow the market as if the market tells everyone where it’s going before it does lol. Enjoy your day.
This is amazing
I love you!
This is awesome Greatly appreciate it!
Glad it was helpful!
I was trading the inverse of tech today SQQQ
IF you are trading that, then make sure you are follow a set of rules ONLY !!!!!
@John Howell I usually only trade it using patterns and never hold it for more a day
Thanks for the response this was the first video of your content I watched and it was great
Thanks again!!!
Any time!
This is wicked cool
Thanks champ
I’m sure you said 50% retracement, but is this type of detailed technical analysis valid in today’s market, considering the likelihood of Fed intervention? Also, there are the rises in oil price, 10 year treasury rate , lower dollar, all positive for stocks (at least in the short term).
See WUBA chart. If the big candle follows than could be a very good entry
How well will this age 🤔🤔
Hello John, Interesting videos you present. Can I ask why you use a 52 day MA, rather than just a plain old 50 MA? Guess it doesn’t matter much, but I just find it curious as to the difference. Good job.
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