Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Stocks Crash As Predicted

By Jason SenStock MarketsJan 21, 2022 03:38AM ET
www.investing.com/analysis/stocks-crash-as-predicted-200615461
Stocks Crash As Predicted
By Jason Sen   |  Jan 21, 2022 03:38AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

E-mini S&P completed the right should of a small head & shoulders pattern breaking the neck line is at 4590/4580 for a medium term sell signal. A bounce to this level was a perfect sell opportunity again yesterday.

A potential drop of 200 points is on the cards. We have already seen a 150 point drop

NASDAQ Futures could be starting a short term bear trend - that situation is certainly developing with lower highs on bounces and lower lows on each down move.

Yesterday we accelerated moves to the downside and the outlook remains negative.

E-mini Dow Jones broke the 200 day moving average at 34900/850 as expected to hit the next target of 34560/540. Outlook remains negative.

Today's Analysis

E-mini S&P break of the neck line at 4590/80 is a significant sell signal as we hit all targets as far as 4450/45 for bumper profits. The only support for today is the 200 day moving average at 4430/20. A weekly close (or a break lower today of course) is another important medium term sell signal. First target would be 4360/50. However 4200 is definitely not out of the question.

Gains are likely to be limited as panic seems to build. First resistance at 4520/30. Shorts need stops above 4550. Strong resistance at 4590/4600 of course.

NASDAQ is building a minor negative trend in January with a break below the 200 day moving average at 15000/14950 another a significant sell signal. Losses accelerate to the downside as predicted. The break below 14830 is the next sell signal targeting the only support for today at

14430/14380. A weekly close below here is an important sell signal for next week. We could easily drop another 500 points.

Gains are likely to be limited with strong resistance at 15000/100 & again at 15400/500.

E-mini Dow Jones likely to targets first support at 34050/33950. I am concerned about a break lower later in the day, for a sell signal eventually targeting 33200.

Gains are likely to be limited with resistance at 34900/35000 and 35350/450.

Video analysis -

Stocks Crash As Predicted
 

Related Articles

Thomas Hughes
Beware The Rebound In Retail Stocks By Thomas Hughes - May 27, 2022

The S&P Retail ETF (NYSE:XRT) is rebounding, but we don’t think investors should cheer too loudly. The move is driven by the combination of oversold markets and mixed...

Jea Yu
Affirm Stock Has Affirmed A Bottom By Jea Yu  - May 27, 2022 1

Buy now and pay later purchase financing provider Affirm Holdings (NASDAQ:AFRM) stock is rebounding after bottoming out at $13.64. The buy-now-pay-later (BNPL) platform had a very...

Stocks Crash As Predicted

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (4)
institutional invester
institutional invester Jan 24, 2022 2:47PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
he don't .... retail singh prediction only correct
Gershom Zvi
Gershom Zvi Jan 24, 2022 1:06AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
January 27 Feds meeting will give us a clue
Mahesh Narkhede
Mahesh Narkhede Jan 22, 2022 5:23AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Daily RSI is below 30 still no buyers
Peter Cooper
Peter Cooper Jan 21, 2022 4:02AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Not enough fear in the air just yet for a real bottom.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email