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Mega Cap Monthly Bearish Engulfing Extravaganza Sep 30


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#1 K Wave

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Posted 30 September 2021 - 03:29 PM

This is a TON of Market Cap that just Bearish Engulfed after a decade+ long run to the upside.

 

 

AAPL

 

AAPL.png

 

AMZN

 

AMZN.png

 

FB

 

fb.png

 

GOOGL

 

go.png

 

MSFT

 

msft.png



#2 K Wave

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Posted 30 September 2021 - 03:33 PM

And a bonus entry..TQQQ

 

Usually, when a 3X fund gets hit this hard after a stellar rise, it is done.

 

Time will tell if this time is different....

 

tqqq.png



#3 K Wave

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Posted 30 September 2021 - 03:36 PM

Bulls had best hope Market is not going to follow FDX  with a bit of a lag.....

 

fdx.png



#4 K Wave

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Posted 30 September 2021 - 03:48 PM

NY Fang Index 1 bad day away from Breakout/Fakeout with long stem cherry on top on monthly chart after the big reversal as momo starts to roll over...

 

ny.png



#5 tradesurfer

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Posted 30 September 2021 - 03:57 PM

Yes and the quarterly candles on plenty of stuff look quite bad too...

 

not exactly confidence inspiring going into next quarterly candlestick



#6 12SPX

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Posted 01 October 2021 - 07:51 AM

It's pretty rare stocks, markets, go straight up and then straight down.  They seem to get volatile with sideways movement and then decide its direction and that's what I think will remain in play for this month.  Nonetheless this is why I just prefer to sell option premium so I don't have to guess directions as much unless I'm day/week trading lol!