Unofficial Short Ideas Archives - Right Side Of The Chart

Stock Market & Sector Analysis 2-17-22

rsotc — Thu, 17 Feb 2022 15:57:44 +0000

Near-term & longer-term analysis including some key levels/developments to watch for on the S&P 500, Nasdaq 100, & leading sectors of the stock market.

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Stock Market Analysis 12-9-21

rsotc — Thu, 09 Dec 2021 19:51:01 +0000

The following video provides both short & long-term technical analysis of the major stock indices ranging from the 60-minute intraday charts out to the long-term monthly charts.

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Nasdaq, Crude, & Nat Gas Charts 10-6-21

rsotc — Wed, 06 Oct 2021 13:30:34 +0000

/NQ reversed right on cue yesterday a the minor downtrend line + price resistance which was highlighted as an objective level to reverse from long back to short. That was good for a quick 2¼% pullback trade with /NQ hitting & bouncing off the 11434ish support, so far. I’d put fair odds on another run at the trendline but either way, a break below the recent lows would open the door to the next leg down towards 14050.

The light-colored arrows show the alternative “near-term bullish/intermediate-term bearish” scenario of a rally up to the primary downtrend line before a resumption of the primary downtrend off the early September highs. However, that still remains my alternative scenario with the odds for my primary scenario (yesterday’s bounce terminated at the minor downtrend line with the next leg down towards QQQ T3 & /NQ 14050 underway) increased since laid out in the late-session video now that most of yesterday’s rally has been faded. 120-minute chart below.

NQ 120m Oct 6th

/NG (natural gas futures) is trading at the bottom of the 60-minute bearish rising wedge pattern with a sell signal still pending a solid break below it. /QG is the symbol for the MINY nat gas futures contract while KOLD is the -2x inverse (short) nat gas ETN.

NG 60m Oct 6th

A sell signal on /CL (crude oil futures) is still pending a solid break below this 120-minute uptrend line.

CL 120m Oct 6th

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Stock Market, Gold, & Silver Analysis 9-30-21

rsotc — Thu, 30 Sep 2021 16:47:29 +0000

The following video provides technical analysis of the major stock indices & market-leading stocks as well as gold & silver.

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Stock Market Analysis 9-29-21

rsotc — Wed, 29 Sep 2021 16:40:32 +0000

The following video provides technical analysis of the major stock indices including market internals.

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Short & Long-Term Stock Market Analysis 9-27-21

rsotc — Mon, 27 Sep 2021 16:58:10 +0000

Technical analysis of the major stock indices & market-leading FAAMG+T stocks from both a near-term & longer-term perspective.

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QQQ Sell Signal Pending

rsotc — Thu, 19 Aug 2021 13:16:34 +0000

Barring a reversal into or after the market opens today, QQQ will likely trigger a sell signal today as it is currently trading below the support zone. I’ve also added a minor support level at 358.35 on the 60-minute chart below.

QQQ 60m Aug 19th

Likewise, /NQ (Nasdaq 100 futures) is trading just below the 14787 support level with a sell signal to be confirmed on a solid 60-minute candlestick close below during the regular trading session today.

NQ 60m Aug 19th

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Sector Analysis & Swing Trade Ideas 8-17-21

rsotc — Tue, 17 Aug 2021 15:36:25 +0000

The following video provides technical analysis of the major stock indices as well as the financials, industrials, & retail sector followed by trade ideas on various retail stocks.

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S&P 500 Breakdown, Nasdaq 100 Pending

rsotc — Wed, 16 Jun 2021 17:31:34 +0000

/ES (S&P 500 futures) has broken down below the 60-minute bearish rising wedge with that sell signal to either be confirmed (most likely) or foiled after the 2 pm FOMC announcement today. Horizontal lines are potential downside targets.

ES 60m June 16th

/NQ (Nasdaq 100) sell signal is still pending a breakdown below this 60-minute rising wedge pattern.

NQ 60m June 16th

/RTY (Russell 2000 small-cap index) is currently testing the 2305 target following the recent trendline break/sell signal with the next sell signal to come on a solid break below it, ideally after the FOMC announcement.

RTY 60m June 16th

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Stock Market, Financials & Industrials Analysis 6-10-21

rsotc — Thu, 10 Jun 2021 16:52:57 +0000

The following video begins with technical analysis of the S&P 500 followed by the financials, & industrial sectors including some of the market-leading industrial stocks.

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SPY, XLF, XLI, & AMC Analysis 6-9-21

rsotc — Wed, 09 Jun 2021 21:41:16 +0000

The following video provides end-of-session technical analysis on the major stock indices, financials, industrials, and AMC.

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Stock Market, Industrials, & Financials Analysis 5-20-21

rsotc — Thu, 20 May 2021 17:06:20 +0000

Technical analysis of the major stock indices from both the near-term & longer-term outlook followed by analysis & trade ideas in the financial & industrial sectors.

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SPY & QQQ In Bounce Target Zones

rsotc — Thu, 20 May 2021 13:10:06 +0000

In the pre-market session, SPY is approaching the top of the new bounce target zone posted yesterday offering another objective short entry & up to but not above the 413.30ish resistance level.

SPY 60m May 20th

Likewise, QQQ is trading at the bottom of bounce target zone 2 that was also added yesterday, once again providing another objective short entry here & up to but not above the downtrend line.

QQQ 60m May 20th

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New Bounce Target Zones for SPY & QQQ

rsotc — Wed, 19 May 2021 16:35:03 +0000

So far, the dip buyers stepped in on the gap down to support on SPY & QQQ, where they ‘should’ have although SPY is down twice as much as QQQ today… confirming my recent suspicions, with SPY offering another objective short here at the bottom of this new bounce target (gap) zone and/or up to the top of the zone.

SPY 60m May 19th

QQQ dip buyers stepped in right on cue at the gap down to support so far & while a break of that level remains the next sell signal & an objective short entry or add-on, the Q’s also offer another objective short entry anywhere from this new bounce target zone (1) up to the previous bounce target zone (2).

QQQ 60m May 19th

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SPY & QQQ Inside Bounce Target Zones

rsotc — Tue, 18 May 2021 13:29:18 +0000

Déjà vu on QQQ: Starting the day back in the bounce target zone & once again, the Q’s offer an objective short entry or add-on with stops somewhat above the 330 resistance… or higher/lower, depending on one’s cost basis & price target(s).

QQQ 60m May 18th

Likewise, SPY is also staring the day back inside the bounce target zone in pre-market, once again offering an objective short entry or add-on.

SPY 60m May 18th

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SPY & QQQ At Bounce Target Zones

rsotc — Fri, 14 May 2021 14:37:31 +0000

QQQ has bounced back up to the bottom of the most recent bounce target (resistance) zone, once again providing an objective short entry here and/or up to the top of the zone or downtrend line just above.

QQQ 60m 2 May 14th

Likewise, SPY has also bounced back to the bottom of the bounce target zone that was highlighted earlier in the week, once again offering an objective short entry here and/or up to the top of the zone.

SPY 60m 2 May 14th

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SPY & /ES Bounce Back To Resistance

rsotc — Thu, 13 May 2021 14:07:45 +0000

Today’s bounce off the first price targets/support levels on SPY & /ES has taken the S&P 500 back up to the former support, now resistance levels that were taken out yesterday. As such, this provides yet another objective shorting opportunity (OSO) with stops in line with one’s average cost basis and preferred swing target(s). One objective level for a stop on a typical swing position taken around current levels would be on a solid break or close above the top of Tuesday’s gap, which is the top of the recent bounce target zone indicated by the shaded box (roughly 418). Updated SPY & /ES 60-minute charts below.

SPY 60m 2 May 13th

ES 60m 2 May 13th

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S&P 500 & Nasdaq Price Targets Hit

rsotc — Thu, 13 May 2021 12:39:47 +0000

A near-perfect tag of the top of the first target zone on the SPY 60-minute chart with roughly coin-toss odds on whether we get a tradable bounce from here (followed by another leg down) or not. Any bounce back to (just shy) of the 410.39 support would offer another objective short entry or add-on. Previous (May 11th) & updated 60-minute charts below.

SPY 60m 2 May 11th

SPY 60m May 13th

/ES hit the 4055 price target late yesterday & has been trading around that support level since (i.e.- the typical reaction following the initial tag of a price target). Although a tradable bounce is still possible, I continue to favor more downside to at least the next price target soon, quite likely today. Previous (May 4th) and updated 60-minute charts below.

ES 60m May 4th

ES 60m May 13th

QQQ closed at & is still trading at the 316ish minor support that was highlighted in yesterday’s video on the 60-minute time frame.

QQQ 60m May 13th

/NQ hit the 12993ish target late yesterday & has been consolidating on that support level since (i.e.- typical reaction following the initial tag of a price target). While a tradable bounce is still possible, I continue to favor more downside to at least the next price target soon. Previous & updated 60-minute charts below.

NQ 60m May 11th

NQ 60m May 13th

Bottom line: We’ve done a good job threading the needle via the 60-minute charts recently. However, where the recent sell signals on the 60-minute time frames helped to get an early jump on short positions (as well as some quick counter-trend ‘bounce-back-to-resistance’ long trades) the recent sell signals on the more significant daily charts have put the markets on the first decent sell signals for swing trade short positions in a while. As such, less active traders (typical swing traders) might want to sit tight on short positions with the appropriate stops in place while holding out for their preferred price target(s), riding out the minor zigs & zags along the way.

Long-side only traders could use bounces back to resistance to lighten up and/or breaks of support as stop-loss levels to mitigate losses. While there aren’t any guarantees that the stock market is headed lower, the odds that it will have increased substantially in the wake of the recent sell signals.

Finally, while we do have some decent sell signals on the 60-minute & daily time frames, the bullish trend off the March 2020 lows has been unusually resilient & as such, I will be monitoring the even more significant weekly charts for any sell signals as the long-term trend clearly remains bullish at this time. All that matters on the weekly time frame is how the candlesticks close at the end of each week (Friday 4pm). Should some of the intermediate & longer-term trend indicators start to roll over soon, my downside targets would be extended. Likewise, should we get some bullish developments soon (divergences, rallies off support that start to take out overhead resistance levels that “should” cap any snapback rallies, etc…) then the correction will likely be limited to the initial price targets, potentially even those that have just been hit although that is not my preferred scenario at this time (i.e.- more downside is still likely in the coming days to weeks).

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Market Analysis & Trade Ideas #2, May 12, 2021

rsotc — Wed, 12 May 2021 19:55:12 +0000

Analysis of the major stock indices including swing trading considerations followed by updates on some of the recently highlighted trade ideas as well as a few new trade setups.

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Index ETFs & Futures Bounce Targets

rsotc — Tue, 11 May 2021 16:10:47 +0000

SPY made the typical reaction off the initial tag of the key 410.39 support level earlier today & now offers an objective short entry here at the bottom of the bounce target zone & up to but not above the top of the zone (top of today’s gap). 60-minute chart below.

SPY 60m 2 May 11th

QQQ minimum bounce target of 324.32 has now been reached, thereby providing an objective time to book profits on any longs reversed into earlier today and/or reverse back short here and/or up to the 327ish resistance level (top of expected bounce zone). 60-minute chart below.

QQQ 60m 2 May 11th

Likewise, /NQ has bounced back to the bottom of the 12286-13383 resistance/bounce target zone, thereby providing an objective level to close out any bounce long trades and/or go short again. One could also wait until /ES & SPY take out today’s lows (those key support levels) before adding to or initiating a new short position.

NQ 60m May 11th

/RTY (Russell 2000 Small-Cap futures) hit & bounced off the 2159 support earlier & has now bounced back to the 2204 resistance level offering an objective re-entry or new short here and/or on any more upside to the 2222 resistance level as well as a potential backtest of the primary uptrend line on the IWM daily chart. 60-minute chart below.

RTY 60m May 11th

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QQQ, SPY, & IWM Pre-Market Charts 5-11-21

rsotc — Tue, 11 May 2021 12:49:25 +0000

SPY (S&P 500) is approaching the 410.39 support with the next sell signal still to come on a solid break below it (& still likely to occur soon) although a bounce into or after the open today, before the next leg down, is fairly likely IMO. 60-minute chart below.

SPY 60m May 11th

QQQ (Nasdaq 100) is trading around the 320.80ish support in pre-market with a snap-back to at least the 324.30ish support/resistance level likely in early trading today (or quite bearish, if not). 60-minute chart below.

QQQ 60m May 11th

With nearly an hour to go before the opening bell, the day is still very young but as of now, IWM (Russell 2000 Small-cap Index) is trading well below the primary uptrend line after the r

IWM daily May 11th

ecent breakdown & yesterday’s rejection off the backtest. Should the breakdown stick, the odds of my 170 minimum downside target being hit will increase substantially. Daily chart below.

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QQQ & /NQ Sell Signals Triggered

rsotc — Tue, 04 May 2021 14:08:40 +0000

The QQQ sell signal has been triggered on the break/gap below the 334 support on this 60-minute chart.

QQQ 60m May 4th

Likewise, /NQ (Nasdaq 100 futures) has triggered a sell signal on this break below the 13700 support level with the first target quickly hit following the breakdown. As with QQQ, /NQ is current at support with the next sell signal to come on a solid break and/or 60-minute close below those levels.

NQ 60m May 4th

/ES has broken minor support, triggering a near-term sell signal, with a more significant sell signal (for a swing short trade) still pending a solid break below 4100 as well as the recently highlighted 410.39 support level on SPY.

ES 60m May 4th

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Short Swing Trade Ideas 4-14-21

rsotc — Wed, 14 Apr 2021 19:54:35 +0000

Technical analysis with the near-term outlook for the stock market followed by short trade ideas on individual stocks & sector ETFs. Silver or Gold level access initially required.

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Index ETFs & Futures Charts

rsotc — Mon, 12 Apr 2021 14:44:04 +0000

QQQ sell signal to come on a solid break and/or 60-minute close below this rising wedge pattern AND breakdowns below the comparable 60m uptrend lines on /ES & SPY. 60-minute chart below.

QQQ 60m April 12th

/NQ remains below the 60-minute uptrend line. Blue dotted lines show potential backtest scenario although no sell signal until/unless we get solid breakdowns on /ES & SPY which remains above trend for now.

NQ 60m April 12th

SPY sell signal to come on a solid break and/or 60-minute close below the uptrend line/rising wedge pattern with a minimum target of a backtest of the April 5th gap.

SPY 60m April 12th

/ES remains above trend with a sell signal still to come on a solid break and/or 60-minute close below the uptrend line (alternative but intersecting trendlines shown).

ES 60m April 12th

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QQQ & /NQ Testing Support, One Last Hoorah

rsotc — Thu, 25 Mar 2021 13:44:54 +0000

QQQ is testing the key 310ish support on the daily time frame with one last rally off that level before it gets taken out likely & the next sell signal to come on a solid break below.

QQQ daily March 25th

Likewise, /NQ is testing the 12700 support with the blue box a likely bounce target range on the e60-minute chart below.

NQ 60m March 25th

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