The weekly chart of the Nasdaq index is showing weakness with multiple weekly candle rejections at exactly the 1.618 fibonacci extension level. This is key to note as the 1.618 as many know is often the first place traders short, sell and or take profits after price breaks all time high. So paying attention to the $180 level will be important. If bulls can ever...
Depending on where you call the start of the correction, the final 20% drop level is different. From Peak (in blue) = 28,500 From recent low (in yellow)= 26,500 From recent floor (in red) = 25,000 When the TVC:US10Y hits 2%, the Nasdaq could see a 20% drop as they are the growthiest stocks with the most minimal dividends. DJI is the safest from the rise in...
There is a turn ahead. Too much exuberance and you may miss it...
We should be at our short term bottom now, a potential bounce to the 1580 region is in the books, however once that is reached we should begin making our way towards 1280. A nice scalp trade is available, just make sure to sell off 1500+ Those looking for a long term entry should wait until a opportunity around 1280 presents itself.
Dar_klords Daily Update Ticker: SPX Rating: Sell Short Driver 1: The white dotted lines on the chart represent the two current major levels of resistance. Both of which are supported by a double bottom. Driver 2: The pink line shows us another double top, also a bearish signal. Driver 3: The green line shows us a critical point in the True Strength...
Volatility is back bitches. We have seen more 1% swings since the beginning of 2018 than we saw all of last year! While that may be scurry if ur managing portfolios, its exactly what I love to see. More swings, more opportunitys, more trades, more profit. But lets jump into the chart shall we. The big thing we see here is a big PHAT double top. And whenever we...