Breakdown in US ETF's!! Caution Long !!

21 set 2023

🔴All four major index ETF's in US markets has broken down.
🔴ETF's trading below their 20 DEMA. RDX momentum score<5
🔴Higher volume on sell days & lower volumes when they rise
🔴Daily RSI about to break 40 mark and go lower and lower
🔴SuperTrend also indicating trend change & gave sell signal
🔴Indian markets may follow the suite and have broken 20000
🔴Exercise caution longs. #Nifty can test 19300/19000/18600

21 set 2023

Nota

Standard Disclaimer:

All these stock ideas or trade updates shared here are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis this ideas. Objective of posts is to educate and help members/followers learn technical analysis and hedging techniques from my personal trade picks to reduce the risk per trade and save yourself from bigger losses.

All these trade picks are selected using technical analysis and price action (VSA MomentumInvest Trading Setup) and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max us e it for paper trading. Strictly avoid it for trading using real money. I am not responsible for any kind of profit and losses arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).

🟠🟠🟠 Important Points To Remember: While trading never risk more than 1% capital per trade. While trading FnO always trade using risk defined strategies. NSE derivatives are leveraged 6-8x that means 12-15% move against you can wipe out your whole capital if the risk/money management is not proper. And stocks can easily move 10-12% due to some news. Before entering any trade see if the R:R is favorable or not.

23 set 2023

Nota

All major US indices closed at lowest point of the week and below previous week low.

23 set 2023

Nota

High volume selling in ETF also indicate bears gaining momentum. Now it all depends on follow up price action. If indexes sustain below lows of this week then painful days ahead for the equity market.

Rising bond yield, USDINR and crude prices likely to have decent impact on global emerging markets. Effect may not be immediate but a time and price wise correction ahead when all markets have enjoyed a nice bull run with a run up towards their previous highs.