US Indices – Bearish Intermediate (C) – Aggressive SELL
US Indices enjoyed a Bull Market for an entire year.
During the Bull Market in Intermediate 3, Nasdaq was my favorite because of its Wave Count, hence the reason for the successful view on the “NASDAQ100 – Bullish Minor 5 – Bulls Come-Back” article.
US Indices synchronized their individual Bearish legs once they reached the tops back on the 2nd of Jan.
The TOP was mentioned many times and signaled in the Macro Perspective during the Intermediate Video Course, see Macro sections and Charts.
Same day, right before the sell-off began, I posted the “CBOE (VIX) – Volatility Index – Pointing towards a Market Crash” article in which I mentioned that volatility could return, explaining how complacency can turn into fear.
Primary Correction officially started then, with US Indices falling off the edge of the cliff and ending the first sell-off on the 9th of Feb.
Since then, US Indices performed rather well, unfolding a Bullish Correction which ended on the 27th of Feb.
2nd of March low and 6th of March high are viewed as Bearish Minor degree 1 & 2 (red), therefore, I am starting to believe that the Major Sell-off could have started for Intermediate (C) (red).
The S&P500 possible drop was mentioned in the “SNP500: 2018-2019 Buy & Sell Orders – Correction & Market Crash” post.
Below you may find some Aggressive views and possible scenarios in which the risk is higher than usual but the potential reward could be worth it.
Warning, these set-ups involve high risk and aggressive approach, do not trade if you are not an aggressive trader!
Aggressive SELLS:
Dow Jones (US30) – 2H Chart (picture):
Dow Jones (US30) – 2H Interactive Chart:
Dow Jones (US30) – Short Position:
- Entry @ 24660.00 (or Market)
- SL @ 25000.00
- Targets: 24000.00 / 23000.00 / 22000.00
S&P500 – 2H Chart (picture):
S&P500 – 2H Interactive Chart:
SNP500 – Short Position:
- Entry @ 2710.00 (or Market)
- SL @ 2740.00
- Targets: 2600.00 / 2500.00 / 2400.00
Nasdaq100 – Daily Chart (picture):
Nasdaq100 – Daily Interactive Chart:
Nasdaq100 – Short Position:
- Entry @ 6890.00 (or Market)
- SL @ 7060.00
- Targets: 6500.00 / 6100.00 / 5600.00
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Richard
US30 / Nasdaq100 / SNP500 – All Aggressive entries were stopped out, loss taken, moving on.
US Indices are still pushing towards the upside, however the up-side is considered limited as the structure has a valid Corrective look.
Intermediate (A) (red) acts as the first leg of the entire Correction of Primary 4 (blue) and the “mess” which followed is Intermediate (B) (red).
Intermediate (B) (red) unfolded as a Complex Corrective WXY and the recent Bullish push would reflect the last Impulsive sequence towards the completion of Intermediate (B).
Intermediate (C) (red) is still awaited and expected in order to complete Primary 4(blue).
To be noted that this swing is expected to be wild, aggressive, sudden, and could catch buyers with their pants down.
The Aggressive set-up was not for everyone to follow, it was designed as a test trade at a significant level, which turned out not to be the right one, this does not mean that the analysis is not valid, this only means that the Structure would take a bit longer to complete.
Switching to Moderate Approach:
SELL Levels in Focus:
US30 (DJIA):
Moderate Entry @ 25800/26000 with SL @ 26800
Conservative Entry @ 26550 with SL @ 27100
SNP500:
*second entry triggered
Moderate Entry @ 2800 with SL @ 2850
Conservative Entry @ 2830 with SL @ 2920
Nasdaq100:
Moderate Entry @ 7250 with SL @ 7500