Long

Updated

Nasdaq 100 to 17000

On the above 3-day chart price action has corrected 33% since late December. A number of reasons now exist to be bullish, including:

1) The ‘incredible buy’ signal has printed. Look left.

2) The buy signal is coming in at 81% probability. The previous were 75%, 72@, & 72% percent, respectively. Look at the strength of if a 75% recovery, what do you think a 81% will be like? This can only be the result of a massive short squeeze, in my opinion.

3) Price action has just printed a ‘double bottom’ (orange line) on past support / resistance - look left!

4) Most recently price action has broken out of a bullish falling wedge formation with back test confirmation, see below.

Is it possible price action falls further? For sure.

Is it probable? No.

Good luck!

Ww

A little closer

Note

What was the news saying days before the previous ‘incredible buy’ signal triggered?

February 2016

“Why the Nasdaq is on the verge of a bear market”

"It's a risk-off environment -- when the focus is on hopes and dreams, it's very easy to invest in tech companies that don't have current earnings. But when the environment changes, they get hurt," said David Kelly, chief global strategist at JPMorgan Funds.

JPMorgan no less!!

source: money.cnn.com/2016/02/09/investing/nasdaq-bear-market-netflix-amazon-tesla/index.html

December 2018

“Nasdaq Is on the Brink of a Bear Market”

“Spiraling losses in tech shares have pushed the Nasdaq Composite Index to the precipice of becoming the first major U.S. stock gauge to enter a bear market since 2009.”

source: bloomberg.com/news/articles/2018-12-20/nasdaq-on-brink-of-bear-market-as-rout-in-faang-stocks-snowballs

March 2020 - Well Plandemic…

Today -

“S&P 500, Nasdaq 100 Drive in to 'Bear Market' Territory Ahead of the Fed”

“FED to crash stock market with rising interest rates”

What a load of hokum.

Note

A impressive bullish divergence building up on the daily chart as price action approaches the 200-week simple moving average.

You've got to go all the way back to 2008 to see this bullish divergence.

What is interesting between now and then is the majority are convinced this will be a bull trap.

Trade active

Note

Did you see the 'Dragonfly DOJI' candle the 10-day chart that just printed? If you're in any doubt which way this market is about to go this one candle will remove all concerns.

Trade active

Up almost 10% since publishing. 36% to go. Never ignore a 'incredible buy' signal.

Note

On the 4-day chart below, retail traders Put options/contracts versus the Nasdaq 100 are now at previous highs with a bearish (or bullish depending on your point of view) divergence printing.

Retail will ALWAYS pick market bottoms with the person of a neurosurgeon. Don't be the herd.

Note

2000 pts done, 4000 to go. Puts are getting destroyed. Lovely.

Note

Have not actually redrawn the purple path line since publishing. Look at the momentum on these Heikin Ashi candles! This is strong momentum, all driven with the short squeeze that is currently underway. Will continue to do so for the next two months.

Note

The week closes with a break of resistance.

Trade active

Some amazing news following he close of this week:

1) Price action resistance breakout.

2) Price action finds support on the 21-week EMA, the bull market support band.

3) Price action prints large Heikin Ashi candles. Those candles measure the trend. What you're looking for is flat bottoms and tall candles. Look left, the momentum running into this market is huge.

Trade active

Absolutely perfect. Price action has followed the purple line drawn in June to a tee.

1) Price action has corrected to the golden pocket.

2) Price action has corrected to past resistance as support.

The next move will take us to the target before the FED takes into a 2-year bear market.

Trade active

This would be the moment ;)

Note

12hr chart for those of you feeling fearful

Trade active

Huge move imminent.

Trade active

Last orders. The shuttle is about liftoff.

Trade active

**Target update ** now 22000

Amazing the bearish sentiment that continues to do the rounds from popular news outlets. Nonetheless the chart is our source of news.

The bull-flag on the 5-day chart below has finally broken out. The coming move over the months ahead will be a shock for many especially retail traders as they continue to nurse heavy short positions.

Once the 1.618 is hit, take profits if I fail to update this idea again. 2023 will be an amazing year for the stock market.

Trade active

The bears are not going to like this.. Price action up 10% since publication. Additional 20% move to 14500 is on the way.

Daily chart

Note

13.5k the next significant resistance. After that it is off to 17k target.

The bear in the comments will still be calling for <10k at target mark my words.

Note

13k and approaching significant resistance.

Trade active

** Target revised to 20k **

This is a monthly chart. The trend line is the same trend line going all the way back to 1987. This monthly chart has just confirmed ‘support’. Yes a 26 year trend line has confirmed support, do you know how bullish this is?

On tradingview.com the number of bearish ideas is easily over 80%. Do you know how many traders lose money in the markets? Around 90%. You see the pattern don’t you?

The target of 17k is now revised to 20k, support confirmed sooner than expected.

Ww

Monthly

Note

Now up 25% to cross 14k... I wonder how the bears are going to explain this.

Note

Passing 14.5k... Only 17% to go until target.

Note

Only 2500 points to go.

Note

500 points per 48hrs at the moment. Melt-up madness.

Only 2000 points to go until target.

Note

Only 1400 point until target. Market FOMO when target strikes.

Hope you're all enjoying the 2023 recession!

Trade active

Everyone is talking about the head and shoulders pattern and the coming collapse. It is a certain, I’m told. Now iIf you’re a contrarian you see a bull flag. Which is it? One of those two patterns has confirmed. Do you know which?

Switching on the probability tool to remove any doubt… no emotions. Just as before last year. Emotions flooded out of every corner the last time this printed. Were they right?

1-day Head & shoulders

1-day Bull flag

1-day with probability metric measured

Note

I felt a great disturbance from the short sellers, as if millions of voices suddenly cried out in terror and were suddenly silenced.

Trade closed: target reached

Smashed it... 100% since publication.

Stay tuned for the next chapter... most will refuse to believe it..

without_worries

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Allow 3-6 months on ideas. Not investment advice. DYOR

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without_worries

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR