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Supportbroken

I am Short Gold for the next little while. Why See Chart below You can see here that Gold has broken support on the 15m chart. I am short for a while but I have several long term CFD's Long gold positions as overall I see its bullishness especially with the USD in free-fall this week and the USA moving on interest rates next month, however USDX is showing some strength today but many believe it could drop to the 100 level this week. Be careful shorting Gold because there is so much upward momentum at the moment and until it breaches the 50ema on hourly chart I am cautious going short.
EIGHTCAP:XAUUSD
by Easy_Explosive_Trading
4
40k level BROKEN on Bitcoin! Bad news for bulls!The 40k level was the level we needed to maintain in order for the bull cycle to continue easily. Now it could be a bumpy road, or what's worse, the bear market isn't over. This is a possible catalyst to bring us into crypto winter. NOT good. Now from this price level we have 2 major areas that, if broken, could cause Bitcoins price to spiral to the ground. Those 2 levels are 33k and 30k. Now in the past several years each time we have bounced off 30k.. several months after we reach new ATHs. Great right? Well we bounced off of 33k this past time. Not super different but maybe enough of a difference to be an issue (if we are going by historical movements) The biggest issue we're facing is we are below the major uptrend line. Price can fall out of the sky. When major trends are broken all bets are off. Price can blow by past support levels easier. I wasn't expecting this type of movement now but it changes everything. Gonna keep monitoring and give updates as I feel necessary. Sorry everyone, wish I had better news to share. - DiMarco
COINBASE:BTCUSDShort
by ConqueringCrypto
3
S&P500: Broke below wedge supportToo bad I now have to take back my idea we were going to hit resistance at 2950. As we broke through the short term upwards trend support, I now expect a drawdown to at least the 1 retracement which sits at around 2650, hence a trading approach right now would be short for the rest of the week. As the medium 100 MA on this 4h chart already went above the 1 retracement and the shortest term 10 MA crossed above the 100 MA however, we might see further sideways trading. Let me know what you think!
OANDA:SPX500USDShort
by pming
$ULTA Sell The Rallies, Don't Buy The DipsWe expect weakness to continue in $ULTA. There was quite a bit of technical damage done last week and we are targeting $184 to $194 on the downside. Ulta Beauty (NASDAQ:ULTA) went into a freefall last month after a soft Q2 earnings report and warning on a July to August slowdown in color cosmetics sales. During the earnings call (transcript), Ulta execs stated that there's been a "disruption in the makeup category" that accelerated over the last several weeks. "After several years of very strong performance, growth in the makeup category has been decelerating over the last two years, but recently turned negative," noted Ulta CEO Mary Dillon. Surveying the scene, Oppenheimer warns that the makeup malaise could last the balance of the year as the comparable sales marks will be tough to match, but sees value for long-term ULTA investors at the current trading price. As always, trade with caution and use protective stops. Good luck to all!
NASDAQ:ULTAShort
by OptionsGains
2