US Indices Sell-Off | Bears in Town | SELL Orders | April 2019 Diagonals
US Indices SELL Orders with Entry / Stop Loss & Take Profit levels.
Markets: DJIA (US30), SPX (S&P500), Nasdaq (NAS100).Us Indices – Recap
US Indices crashed during the second part of 2018 and these bearish sequences were successfully tracked with the following articles:
- “Volatility in 2018-2019 & The Financial Earthquake”.
- “Bearish Santa & December’s Trends – Christmas Gifts”
The first quarter of 2019 was opposite the previous year, in the sense that the stock markets trends went bullish.
I got the drops and at that time I was just looking and watching to see what’s cooking next.In an attempt to decipher weather or not the trends were indeed bullish or just a “bull-trap”, the “Crash Sequence & Brexit Volatility vs Wave Patterns” report was posted.
This quarterly report acted as a guide for multiple scenarios, in which some bullish moves and break-outs were indeed confirmed.
In simple words, the bigger picture became more relevant.Now that the Markets are booming once more, it will be interesting to witness the next move, as this will truly tell if the Bull Market is back or not.
US Stock Market could be poised for bearish sequences or retracements.
The main wave count is suggesting the end of a wedge, while the alternate count is indicating a complex bearish pull-back.One way or another, the rallies in US30 / SNP500 / NAS100 would need to be retraced. Only by doing so a true bull-trend could be possible.
Allow me to explain why…
Us Indices – Wave Analysis
US Indices show sequences typical to the following structures:
- Leading Diagonal in an Intermediate (1) degree.
This bullish sequence could be about to end soon due to the Wedge formations present, accompanied by relevant Bearish Divergences.
The bearish leg for this scenario would wipe out 50-61.8% of the entire rally.- Minor degree 3rd wave finalizing.
In this scenario, a bearish correction would occur towards the 38.2% Fibonacci Retracements of Minor degree wave 3.US Indices could be preparing reversals or at least pull-backs, as the wave counts are indicating possible bearish sequences ahead.
US Indices – SELL Orders
US30 – 4H Chart (picture)
US30 – SELL Orders
- Moderate Entry @ 26800.00 with SL @ 27250.00
- Conservative Entry @ 27500.00 with SL @ 28250.00
- TP @ 26000.00 / 25000.00 / 24500.00 / 23500.00
US30 – 4H Interactive Chart
SPX500 – 4H Chart (picture)
* See the “SPX (SNP500) | Deep Bearish Pull-Back | Diagonal (Wedge) | SELL ORDERS” article for more info.
SPX500 – SELL Orders
- Aggressive Entry @ Market Price (approx. 2885.00) with SL @ 2965.00
- Moderate Entry @ 2915.00 with SL @ 2965.00
- Conservative Entry @ 2980.00 with SL @ 3050.00
- TP @ 2800.00 / 2700.00 / 2650.00 / 2600.00 / 2550.00
SPX500 – 4H Interactive Chart
NAS100 – 4H Chart (picture)
NAS100 – SELL Orders
- Aggressive Entry @ Market Price (approx. 7600.00) with SL @ 7950.00
- Moderate Entry @ 7625.00 with SL @ 7950.00
- Conservative Entry @ 7850.00 with SL @ 8175.00
- TP @ 7300.00 / 7000.00 / 6750.00 / 6500.00
NAS100 – 4H Interactive Chart
Safety Measures:
- Moving SL to break-even when in the green.
2 Comments
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Richard
US Indices appear to be finalizing the Rising Wedge formations and Bearish Divergences are visible.
It’s either they form one more high or they just breach through the lower trend-lines.
US30 – 4H Chart
SPX – 4H Chart
NAS100 – 4H Chart
From a technical point of view stocks could start falling.
Earnings could take u-turn.
VIX Could be ready to spike!
Richard
Running & Expanding Flats in the making for US Indices, and about to complete.
Another sell-off should occur in an impulsive manner.
US30 – 4H Chart:
SPX – 4H Chart:
NDX – 4H Chart:
VIX – 2H Chart:
