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

21 Eyl 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 Eyl 2023

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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.

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23 Eyl 2023

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

23 Eyl 2023

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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.