A Broard Breakdown? 3 Indexes' Key Support & Bear ETFs to Hedge

$DJIA(.DJI)$ ,$S&P 500(.SPX)$$NASDAQ(.IXIC)$ are all trading down by more than -2% and approaching their biggest 1-day losses of the year on Tuesday.

As mentioned in $S&P 500(.SPX)$ appears to turn Down?on Feb 10th,

”As long as 3950-3980 holds, $S&P 500(.SPX)$ can escape major fall in short term."

Trend Review and Key Support of 3 Indexes

Below are the recent trend, the weekly chart shows $S&P 500(.SPX)$ still in a up trend, but see 3 weeks pullback. 

Weekly Chart

The daily chart shows, the 3,950 points area, really means something to the trend.

Daily chart

Look at the $DJIA(.DJI)$, It seems the 2-month diamond were breaking down? Is it a precursor to the breakdown across the board? Remember $DJIA(.DJI)$ led the rally when we bounce off October lows, 

Daily chart

Finally, let's take a look at $NASDAQ(.IXIC)$ , from weekly chart, we see the YTD winner just came to the key support of MA200(11501.85) and EMA 10( 11,413.68 points) area.

Weekly Chart

The day chart also shows the comming support beening test would be MA200(11414.32) area.

Daily chart

What will be the big influences to the 3 indexes of this week?

    • Earnings results from top retailers ($Home Depot(HD)$$Wal-Mart(WMT)$ ,$Alibaba(BABA)$  )
    • Release of minutes from the January 31–February 1 meeting of the U.S. Federal Reserve on Wendsday
    • Fourth-quarter GDP second estimate from U.S. Bureau of Economic Analysis and Weekly unemployment claims from U.S. Department of Labor on Thursday. 

If those infos bring more pessive to harm the trust to market. Shortterm may see more pullback. And the voliatility of index may continue to March before CPI and FOMC anouncement.

Bear ETFs $Nasdaq100 Bear 3X ETF(SQQQ)$$Dow30 Bear 3X ETF(SDOW)$ ,$S&P 500 Bear 3X ETF(SPXU)$$Direxion Daily Small Cap Bear 3X Shares(TZA)$ may take to your watchlist this week, and some other industrial bear ETFs like $S&P Biotech Bear 3X Shares(LABD)$ ,$Semiconductors Bear 3X Shares(SOXS)$ ,$Direxion Daily Financial Bear 3x Shares(FAZ)$ ,$Direxion Daily Real Estate Bear 3X Shares(DRV)$ may also some choices to hedge to profit.

Personally I own $Dow30 Bear 3X ETF(SDOW)$ ,$S&P 500 Bear 3X ETF(SPXU)$,$Semiconductors Bear 3X Shares(SOXS)$ ,just for communication, not for investment advices. 

# 💰 Stocks to watch today?(29 Mar)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • MadAndy
    ·2023-02-25
    I've been all in on $Dow30 Bear 3X ETF(SDOW)$ since mid-January. The market can be as crazy as it likes short -term but eventually reality settles in. This last rally was particularly obvious as it was just the low quality meme stocks that went up.

    Now I am a happy bear 🐻. The only question will be when to flip back. I'll be watching for multi year lows in $Apple(AAPL)$ and $Tesla Motors(TSLA)$

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  • LeongSS
    ·2023-02-22
    thanks for sharing
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    • xiaobaii
      like & comment please
      2023-02-23
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  • xiaobaii
    ·2023-02-23
    like & comment please
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  • hd87
    ·2023-02-23
    Thanks for sharing :)
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  • Ang3la
    ·2023-02-23
    [Smile]
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  • FSW
    ·2023-02-23
    [财迷][财迷]
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  • Derrick_1234
    ·2023-02-23
    Ok
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  • sunflower19
    ·2023-02-23
    ok 👍
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  • Great
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  • arezki
    ·2023-02-22
    ok
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  • 👌
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  • Bel8680
    ·2023-02-22
    👍👍👍
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  • TAN PS
    ·2023-02-22
    ok
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  • 700k
    ·2023-02-22
    tf
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  • mrzhuge
    ·2023-02-22
    wow
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  • ToughCoyote
    ·2023-02-22
    O
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  • BabokSong
    ·2023-02-22
    ok
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  • WayneSing
    ·2023-02-22
    yes
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  • ckahs
    ·2023-02-22
    thks
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  • MarketWizard
    ·2023-02-22
    good
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